Tufton Oceanic Assets Ltd. Board Appointment (5249Y)
September 09 2020 - 11:15AM
UK Regulatory
TIDMSHIP
RNS Number : 5249Y
Tufton Oceanic Assets Ltd.
09 September 2020
09 September 2020
Tufton Oceanic Assets Limited ("SHIP")
Board Appointment
The Board of Directors of Tufton Oceanic Assets Limited (LSE:
SHIP), is pleased to announce the appointment of Christine
Rødsæther as a non-executive Director of the Company, the effective
date of which will be confirmed by the Company in due course and is
subject to regulatory approval.
Christine is a partner of law firm Simonsen Vogt Wiig, with more
than 30 years' experience working in the international shipping
sector and offshore related transactions, design, vessel
construction, offshore installations, restructurings, international
banking and finance. Previously, she was a partner in Andersen
Legal ANS and a lawyer at Wikborg, Rein & Co. Christine has
extensive board experience, and currently serves on the boards of
OSE listed Odfjell SE and Norwegian Finans Holding ASA as well as
Bank Norwegian AS. Christine is Norwegian and is resident in
Norway.
Robert King, Chairman, commented:
"We are delighted to welcome Christine to the Board as she
brings both extensive and relevant experience to the Company."
DIRECTORS' DECLARATIONS PURSUANT TO RULE 9.6.13R OF THE LISTING
RULES
As noted above, Christine is currently a director of the Oslo
Stock Exchange listed companies Odfjell SE and and Norwegian Finans
Holding ASA as well as Bank Norwegian AS.
Within the last five years, Christine Rødsæther has been a
director of Tide ASA. She resigned in 2017 when the Company
delisted from the Oslo Stock Exchange. Additionally, Christine was
previously a director of Songa Bulk ASA (a Company formerly listed
on Oslo Axess) and resigned in 2018 following a merger with Axxis
Geo Solutions.
There are no further disclosures required under Rule 9.6.13R of
the Listing Rules of the UKLA in respect of Christine
Rødsæther.
The Board of Directors consider Christine to be independent on
appointment per the AIC Code of Corporate Governance.
For further information, please contact:
Tufton Oceanic Limited (Investment +44 (0) 20 7518 6700
Manager)
Andrew Hampson
Paulo Almeida
N+1 Singer +44 (0) 20 7496 3000
James Maxwell, Alex Bond (Corporate
Finance)
Alan Geeves, James Waterlow, Sam Greatrex
(Sales)
Hudnall Capital LLP +44 (0) 20 7520 9085
Andrew Cade
About the Company
Tufton Oceanic Assets Limited invests in a diversified portfolio
of secondhand commercial sea-going vessels with the objective of
delivering strong cash flow and capital gains to investors. The
Company's investment manager is Tufton Oceanic Ltd. The Company has
raised a total of approximately $250m (gross) through its Initial
Public Offering on the Specialist Fund Segment of the London Stock
Exchange, on 20 December 2017, a subsequent placing and offer in
October 2018, a placing in March 2019 and a placing in September
2019 .
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END
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