Tufton Oceanic Assets Limited commences share repurchases on September 26, 2022, under the program mandated by the shareholders in the Annual General Meeting held on October 20, 2021. As per the mandate, the company is authorized to repurchase up to 14.99% of the issued share. Program will expire on the conclusion of the next annual general meeting of the Company or if earlier, eighteen months from the date of passing of the resolution.