Compulsory Partial Redemption, Total Voting Rights
Taylor Maritime Limited has compulsorily redeemed 151,886,115 ordinary shares at US$0.9441 per share, resulting in 178,329,763 ordinary shares remaining in issue with an equal number of voting rights. Shareholders should use this new figure as the denominator for Disclosure Guidance and Transparency Rules calculations. The new ISIN GG00BTZC2850 is effective from February 2, 2026, with redemption payments expected around February 13, 2026.
Select text to share a quote on X · sign in to keep highlights & notes in your TMIP notes
The Board of TML, the specialist dry bulk shipping company, is pleased to announce that, in connection with the Company's partial compulsory redemption, first announced on 12 December 2025, the Company has compulsorily redeemed as at the close of business on 30 January 2026 on a pro rata basis 151,886,115 ordinary shares at a price of US$ 0.9441 per share.
Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.
Following the redemption, the Company has 178,329,763 ordinary shares in issue and the total number of voting rights is 178,329,763. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
The new ISIN, GG00BTZC2850, in respect of the remaining shares which have not been redeemed will be enabled and is available for transactions from 8.00 a.m. on 2 February 2026. Payments of redemption monies are expected to be affected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) on or around 13 February 2026. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated shareholders representing the balance of their shareholding in the Company.
About Geared Vessels
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.