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22 Aug 2025 17:50
22 August 2025
Taylor Maritime Limited (the "Company")
Director/PDMR Shareholding
The Company announces the vesting of ordinary shares in the capital of the Company ("Ordinary Shares") awarded to Edward Buttery (Chief Executive Officer), Yam Lay Tan (Chief Financial Officer), and Camilla Pierrepont (Executive Director) as follows:
Director/PDMR | Ordinary Shares Acquired | Price per Ordinary Share | Total Holding following Acquisition | % of the Company's issued share capital now held |
Edward Buttery | 487,101 | Nil | 2,975,201 | 0.901% |
Yam Lay Tan | 307,468 | Nil | 776,769 | 0.235% |
Camilla Pierrepont | 157,460[1] | Nil | 886,389 | 0.268% |
The relevant notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Edward Buttery | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Taylor Maritime Limited | |||
b)
| LEI
| 213800FELXGYTYJBBG50 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares | |||
Identification code (ISIN) | GG00BP2NJT37 | ||||
b)
| Nature of the transaction
| Receipt of vested award shares transferred from the Company's Employee Benefit Trust. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 487,101 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 487,101 | ||||
- Total Price | Nil | ||||
e)
| Date of the transaction
| 20 August 2025
| |||
f)
| Place of the transaction
| London Stock Exchange (off market)
| |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Yam Lay Tan | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Taylor Maritime Limited | |||
b)
| LEI
| 213800FELXGYTYJBBG50 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares | |||
Identification code (ISIN) | GG00BP2NJT37 | ||||
b)
| Nature of the transaction
| Receipt of vested award shares transferred from the Company's Employee Benefit Trust. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 307,468 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 307,468 | ||||
- Total Price | Nil | ||||
e)
| Date of the transaction
| 20 August 2025
| |||
f)
| Place of the transaction
| London Stock Exchange (off market)
| |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Camilla Pierrepont | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Executive Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Taylor Maritime Limited | |||
b)
| LEI
| 213800FELXGYTYJBBG50 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares | |||
Identification code (ISIN) | GG00BP2NJT37 | ||||
b)
| Nature of the transaction
| Receipt of vested award shares transferred from the Company's Employee Benefit Trust. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 157,460 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 157,460 | ||||
- Total Price | Nil | ||||
e)
| Date of the transaction
| 21 August 2025
| |||
f)
| Place of the transaction
| London Stock Exchange (off market)
| |||
ENDS
For further information, please contact:
| |||||||
The person responsible for arranging for the release of this announcement on behalf of the Company is Matt Falla, Company Secretary.
Notes to Editors
About the Company
Taylor Maritime Limited (formerly Taylor Maritime Investments Limited) is a shipping company listed under the equity shares (commercial companies) category of the Official List, with its shares trading on the Main Market of the London Stock Exchange since May 2021. Between May 2021 and February 2025, the Company was listed under the closed-ended investment funds category of the Official List.
The Company is focused on navigating shipping market cycles on behalf of its shareholders, leveraging a dynamic and experienced management team with deep relationships in the industry and an agile business model underpinned by low leverage and financial flexibility, to deliver long-term attractive returns through both income and capital appreciation.
The Company, through its subsidiaries, currently has an owned fleet of 14 dry bulk vessels (including 6 vessels held for sale) consisting of 8 Handysize vessels and 6 Supra/Ultramax vessels. The Company also has 1 vessel under JV agreement and 6 vessels in its chartered in fleet. The ships are employed utilising a mix of time charter, voyage charter, and Contracts of Affreightment ("CoAs") to optimise fleet earnings and cargo coverage.
The Company's target dividend policy is 8 cents p.a. paid on a quarterly basis.
For more information, please visit www.taylormaritime.com.
About Geared Vessels
Geared vessels are characterised by their own cargo loading equipment. The Handysize and Supra/Ultramax market segments are particularly attractive, given the flexibility, versatility and port accessibility of these vessels which carry necessity goods - principally food and products related to infrastructure building - ensuring broad diversification of fleet activity and stability of earnings through the cycle.
IMPORTANT NOTICE
The information in this announcement may include forward-looking statements, which are based on the current expectations and projections about future events and in certain cases can be identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target", "believe" (or the negatives thereon) or other variations thereon or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company, including, among other things, the development of its business, trends in its operating industry, and future capital expenditures and acquisitions. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur.
References to target dividend yields and returns are targets only and not profit forecasts and there can be no assurance that these will be achieved.
LEI: 213800FELXGYTYJBBG50
[1] The balance of shares transferred net of the estimated tax liability from a total vesting of 401,382 award shares.
This approach is consistent with the vesting of award shares announced on 20 February 2025, where the balance of 436,000 shares was transferred net of the estimated tax liability from a total vesting of 630,980 award shares.
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