Result of Annual General Meeting

Tufton Assets Limited

21 October 2026

 

21 October 2026

Tufton Assets Limited

(the "Company")

Result of Annual General Meeting

The Company announces the results of its Annual General Meeting ("AGM") held at 09.00 a.m. on
21 October 2026. Resolutions 1-11 inclusive were duly passed by way of a poll.

The full results of the AGM were as follows:

ORDINARY RESOLUTIONS	FOR		AGAINST		TOTAL VOTES	% OF ISSUED SHARE CAPITAL VOTED	VOTES WITHHELD*
	Votes	%	Votes	%
1.   To receive the Company's Annual Report and Audited Financial Statements for the year ended 30 June 2026.	174,178,053	100.00	5,000	0.00	174,183,053	65.14%	20,259
2.   To re-appoint PricewaterhouseCoopers CI LLP as auditor to the Company until the conclusion of the next general meeting at which accounts are laid before the Company.	174,075,990	99.95	79,911	0.05	174,155,901	65.13%	47,411
3.   To authorise the Directors to determine the remuneration of the auditor.	174,121,835	99.98	29,583	0.02	174,151,418	65.13%	51,894
4.   To approve the remuneration of the Directors for the year ended 30 June 2026, as set out in the Directors' Report.	174,010,975	99.95	86,775	0.05	174,097,750	65.11%	105,562
5.   To re-elect Mr Robert King as a Director who retires by rotation in accordance with Article 21.3 of the Articles.	174,145,494	99.99	14,492	0.01	174,159,986	65.13%	43,326
6.   To re-elect Mr Paul Barnes as a Director who retires by rotation in accordance with Article 21.3 of the Articles.	174,096,706	99.96	63,280	0.04	174,159,986	65.13%	43,326
7.    To re-elect Ms Christine Rødsæther as a Director who retires by rotation in accordance with Article 21.3 of the Articles.	174,062,296	99.94	97,690	0.06	174,159,986	65.13%	43,326
8.   To re-elect Ms Trina Le Noury as a Director who retires by rotation in accordance with Article 21.3 of the Articles.	174,062,296	99.94	97,690	0.06	174,159,986	65.13%	43,326
9.  Authority to make acquisitions of the Company's own shares.	174,118,928	99.96	64,125	0.04	174,183,053	65.14%	20,259
10. To approve the Company's dividend policy.	174,178,053	100.00	5,000	0.00	174,183,053	65.14%	20,259
EXTRAORDINARY RESOLUTION
11.  Authority to allot and issue shares and to sell shares held in treasury as if the pre-emption rights in the Articles do not apply.	173,904,672	99.97	223,869	0.13	174,128,541	65.12%	74,771

*A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.

As at the date of the AGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 267,406,330.

A copy of the full text of Extraordinary Resolution 11 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:

Tufton Investment Management Ltd (Investment Manager) Nicolas Tirogalas Nikos Petrakakos	c/o H/Advisors
Singer Capital Markets James Maxwell, Alex Bond (Corporate Finance) Alan Geeves, Sam Greatrex (Sales)	[phone]
Hudnall Capital LLP Andrew Cade	[phone]
H/Advisors William Clutterbuck Billy Moran	[e-mail] [phone] [phone]

About the Company

Tufton Assets Limited, (LSE:SHIP) invests in a diversified portfolio of second-hand commercial sea-going vessels with the objective of delivering strong cash flow and capital gains to investors. The Company raised a total of approximately $316.5 million through its 20 December 2017 Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange and via subsequent capital raises, and the Company has returned US$205.1 million to investors over the same period of time.

The Company's investment manager is Tufton Investment Management Ltd, a leading investment manager focused on the shipping and offshore industries, with more than $1.5 billion of mandated assets under management across several private and listed funds.

 

END