IN BRIEF: Taylor Maritime details USD45 million capital redemption
Taylor Maritime Ltd - Guernsey, England-registered dry bulk shipping investor - Updates on plans for a USD45 million third capital distribution, first announced on June 23. Funds will be distributed among shareholders through a compulsory partial redemption at 85.83 US cents per ordinary share. Says around 37% of its issued share capital will be redeemed, equivalent to approximately 52.4 million shares, on Friday. It currently has 143.4 million shares in issue, and will cancel the redeemed shares.
Current USD stock price: USD0.79, down 1.8% on Thursday in London
12-month change: down 11%
Current GBX stock price: 60.02 pence, up 2.8%
12-month change: down 6.2%
By Emma Curzon, Alliance News reporter
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