Taylor Maritime Investments Limited (TMIP): Managed realisation vessel sales

This situation live

TMIP Taylor Maritime Investments Limited

£52m · 57.0p · −9% since the first step

24 Oct 2025 · 50 disposals agreed; two more completing by December · +2% until the next step two more sales, already announced, will complete before the end of December

12 Dec 2025 · Options being evaluated after the return · −1% until the next step We will retain sufficient cash to ensure smooth operations as we evaluate our strategic options during the first half of 2026.

12 Dec 2025 · Options under consideration after the capital return · −1% until the next step The Company will retain sufficient cash to support the remaining fleet while it considers strategic options during the first half of calendar year 2026.

22 Jan 2026 · Pending the return of capital · −2% until the next step This will ensure smooth operations as we evaluate our strategic options in close dialogue with shareholders on the future direction of the Company.

17 Feb 2026 · Return completed; review continuing · +3% until the next step Our current position allows us to consider the full range of options available to us in an orderly manner, including further sales and capital returns.

20 Mar 2026 · Concluded: continue managed realisation · −3% until the next step the Board believes that it is in shareholders' best interests to continue to pursue the managed realisation of the Company's assets.

24 Apr 2026 · Two sales completed; six owned vessels remain · −5% until the next step Two previously announced vessel sales completed during the period, generating combined gross proceeds of c.$32.3 million

23 Jun 2026 · Two further sales agreed, completion pending · +3% until the next step Both transactions are expected to complete by the end of June 2026.

17 Jul 2026 · One vessel and JV share sold; five vessels left · −6% until the next step Post period end, the Group completed the sale of one vessel, reducing the fleet to five Japanese-built vessels. In addition, the Group also disposed of its 50% interest in the JV.

24 Jul 2026 · Five vessels left, all on time charter · −4% until the next step we are working on divesting the five remaining vessels in the fleet and will update shareholders in due course

1 Sep 2026 · Three-vessel sale agreed; two vessels left · +7% until the next step Both of the Transactions are conditional upon certain closing and delivery conditions and are expected to complete in Q3 of this calendar year.

6 Oct 2026 · Three-vessel sale completed; last vessel being sold · −3% since The Company is in the process of disposing of the last vessel in the fleet.

Disposal of a part (break-up)

Managed realisation vessel sales

Three-vessel sale completed; last vessel being sold

Next: Complete sale of last vessel; update to follow

Every step · 12

24 Oct 2025 50 disposals agreed; two more completing by December – two more sales, already announced, will complete before the end of December ↗
12 Dec 2025 Options being evaluated after the return – We will retain sufficient cash to ensure smooth operations as we evaluate our strategic options during the first half of 2026. ↗
12 Dec 2025 Options under consideration after the capital return – The Company will retain sufficient cash to support the remaining fleet while it considers strategic options during the first half of calendar year 2026. ↗
22 Jan 2026 Pending the return of capital – This will ensure smooth operations as we evaluate our strategic options in close dialogue with shareholders on the future direction of the Company. ↗
17 Feb 2026 Return completed; review continuing – Our current position allows us to consider the full range of options available to us in an orderly manner, including further sales and capital returns. ↗
20 Mar 2026 Concluded: continue managed realisation – the Board believes that it is in shareholders' best interests to continue to pursue the managed realisation of the Company's assets. ↗
24 Apr 2026 Two sales completed; six owned vessels remain – Two previously announced vessel sales completed during the period, generating combined gross proceeds of c.$32.3 million ↗
23 Jun 2026 Two further sales agreed, completion pending – Both transactions are expected to complete by the end of June 2026. ↗
17 Jul 2026 One vessel and JV share sold; five vessels left – Post period end, the Group completed the sale of one vessel, reducing the fleet to five Japanese-built vessels. In addition, the Group also disposed of its... ↗
24 Jul 2026 Five vessels left, all on time charter – we are working on divesting the five remaining vessels in the fleet and will update shareholders in due course ↗
1 Sep 2026 Three-vessel sale agreed; two vessels left – Both of the Transactions are conditional upon certain closing and delivery conditions and are expected to complete in Q3 of this calendar year. ↗
6 Oct 2026 Three-vessel sale completed; last vessel being sold – The Company is in the process of disposing of the last vessel in the fleet. ↗

What is happening

Taylor Maritime Investments Limited: Managed realisation vessel sales – Three-vessel sale completed; last vessel being sold. ['Three-vessel sale completed; last vessel being sold']

In short: Managed realisation began with disposals from 2025. On 1 Sep 2026 the company agreed to sell three handysize vessels for an estimated $48.6m gross, including two deals with CEO-controlled T3. On 6 Oct 2026 it completed the sale, receiving about $48.6m gross. It is now disposing of the last vessel, which is subject to a purchase option by the Company.
Announced: 24 Oct 2025 · 50 disposals agreed; two more completing by December
Latest: 6 Oct 2026 · Three-vessel sale completed; last vessel being sold
Track record: 52 disposals since start of 2023 at average 3.1% discount to Fair Market Value; $869.1 million gross proceeds
Next milestone: Sale of the last vessel; update to follow in due course
Size: Three handysize vessels, about $48.6m gross proceeds, completed 6 Oct 2026
Buyers: T3 (CEO-controlled) bought Vessel A and 51% of the Sale Company; Hermes bought 49%
Pricing: Vessel A $15.0m vs $13.7m valued; Vessels B and C $33.6m vs $33.3m book value
Use of money: Majority of net proceeds to fund a further compulsory partial redemption
Conditions: Closing and delivery conditions; completion expected by 30 September 2026
Remaining fleet: One vessel, being disposed of; update in due course

What comes next

Complete sale of last vessel; update to follow.

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