Safe Bulkers CEO invests €10m in capital increase

Safe Bulkers CEO Polys Hajioannou, through the entity Moutoulas Shipping Corporation, has completed a €10.05 million investment in the dry-bulk shipping company. The investment involved the acquisition of 1.5 million common shares at a price of €6.70 per share on September 11.

This transaction follows the company’s recent capital increase, which raised €80.4 million through the placement of 12 million new common shares. The net proceeds from this capital expansion are intended to bolster liquidity, fund an existing newbuilding programme, and potentially support future vessel acquisitions or newbuild orders.

The new shares commenced trading on the Main Market of Euronext Athens on September 14. Following this issuance, Safe Bulkers has a total of 113,833,473 listed common shares and an equivalent number of voting rights. The company maintains its listing on the New York Stock Exchange under the ticker SB.