Star Bulk Carriers Corp. Announcement Admission to Parallel Listing on Euronext Athens and Equity Offering in Greece of up to €112.2 Million
Star Bulk Carriers Corp., an international maritime shipping company based in the Marshall Islands specializing in the transportation of dry bulk commodities, hereby announces that it is undertaking: the admission to parallel listing for trading (the “Admission”) on the Main Market of the Regulated Securities Market of Euronext Athens (the “Euronext Athens”) of all common ...
Star Bulk Carriers Corp., a global maritime shipping firm headquartered in the Marshall Islands, has announced plans to list its shares on Euronext Athens and issue new shares in Greece. The company will admit all existing common shares, par value $0.01 each, to trading on the Main Market of Euronext Athens, alongside up to 4,400,000 new common registered voting shares, par value $0.01 each.
These new shares are expected to trade under the same "SBLK" ticker symbol as the existing shares. The company's chief executive officer, Mr. Petros Pappas, has expressed a personal interest in participating in the offering for up to €6.0 million, subject to final terms. The expected net proceeds from the new share issuance, after accounting for estimated offering and admission expenses of approximately €7.3 million, could amount to around €104.9 million.
The new shares will be offered to non-U.S. persons through offshore transactions, relying on Regulation S under the Securities Act. The company has also announced the cancellation of 313,894 treasury shares, previously repurchased on the NASDAQ.
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