Tufton Assets Limited (SHPP) ORD NPV (GBP)

To provide investors with an attractive level of regular and growing income and capital returns through investing in second-hand commercial sea-going vessels.

The management fee equals to 0.85% p.a. of the prevailing NAV up to USD 250m, 0.75% p.a. of the prevailing NAV between USD 250m and USD 500m and 0.65% p.a. of the prevailing NAV in excess of USD 500m. The performance fee equals to 20% of the excess in Total Return per share.

The Company intends to pay dividends on a quarterly basis with dividends declared in January, April, July and October. The Company will target a quarterly dividend of 2.125 cents per ordinary share for the financial year 2024.

Andrew Hampson

Mr. Andrew Hampson began his career with Bank of America in 1978 where he graduated through the bank’s internal MBA level lending program. Mr. Hampson performed a variety of functions in the credit administration department and problem loan groups before becoming a credit and marketing officer in the bank’s European ship lending department in 1986. In 1992 he joined Theisen Securities, a private maritime corporate finance house, where he primarily focused on providing debt related advisory and arranging services to a variety of worldwide shipping companies and debt providers. In 2001 he joined the Tufton Group initially to assist in the development of Tufton’s corporate finance business and subsequently to build up Tufton’s position as a dedicated fund manager in the shipping asset space. Mr. Hampson resides in London, is currently Managing Director of Tufton’s ABI team, is a member of the Investment and Advisory Committees for various of Tufton’s asset backed funds and is a director of the Investment Manager.

Robert KingChairman, Steve Le Page, Paul Barnes, Christine Rodsaether, Katriona Le Noury