Compulsory Partial Redemption, Total Voting Rights
Taylor Maritime Limited has completed its second compulsory partial redemption, compulsorily redeeming 34,952,813 ordinary shares at US$0.8583 per share as of May 11, 2026. Following this redemption, the company has 143,376,950 ordinary shares outstanding, with the total number of voting rights also at 143,376,950, which shareholders should use for disclosure calculations. Payments for the redeemed shares are expected around May 26, 2026, with a new ISIN, GG00BWZ6KJ56, available for transactions in the remaining shares from May 12, 2026.
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The Board of TML, the specialist dry bulk shipping company, is pleased to announce that, in connection with the Company's second compulsory partial redemption (the "Compulsory Redemption"), first announced on 20 March 2026, the Company has compulsorily redeemed as at the close of business on 11 May 2026 on a pro rata basis 34,952,813 ordinary shares at a price of US$ 0.8583 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 Compulsory Redemption, the Company has 143,376,950 ordinary shares in issue and the total number of voting rights is 143,376,950. 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, GG00BWZ6KJ56, 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 12 May 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 26 May 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 Any certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated shareholders representing the balance of their shareholding in the Company.
For further information, please contact: Taylor Maritime Limited Edward Buttery Kael O'Sullivan IR@taylormaritime.com Jefferies International Limited Stuart Klein Gaudi Le Roux +44 20 7029 8000 Panmure Liberum Limited Chris Clarke Nicholas How +44 20 3100 2190
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