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2 clusters · 3 sources · 6 days · First seen 18 days ago · Last updated 12 days ago

Safe Bulkers capital increase and fleet renewal

Overview

Dry-bulk shipping company Safe Bulkers initiated a private placement of approximately 12 million new common shares to fund its fleet renewal programme and potential vessel acquisitions. The capital raise, managed by Piraeus Bank and DNB, aimed to strengthen liquidity following the company’s listing on Euronext Athens.

Following the capital increase, which raised €80.4 million, CEO Polys Hajioannou completed a €10.05 million investment through Moutoulas Shipping Corporation. This involved the acquisition of 1.5 million common shares at €6.70 per share. The new shares began trading on the Euronext Athens Main Market on September 14.

Entities

Polys Hajioannou · Moutoulas Shipping Corporation · Piraeus Bank · Safe Bulkers · Safe Bulkers, Inc.

Timeline

12 days ago

[BUSINESS] 2 sources
Safe Bulkers CEO invests €10m in capital increase
Safe Bulkers CEO Polys Hajioannou invested €10.05 million in the company via Moutoulas Shipping Corporation following a successful €80.4 million share capital increase.
18 days ago

[BUSINESS] 2 sources
Safe Bulkers announces 12 million share placement to fund fleet renewal
Safe Bulkers is planning a 12 million share private placement to finance its fleet renewal programme and new vessel acquisitions.

Sources

cyprus-mail.com · newmoney.gr · stocknews.com