EuroDry Ltd. Confirms Shareholder Decisions at Annual Meeting

EuroDry Ltd. Confirms Shareholder Decisions at Annual Meeting

ATHENS, Greece — EuroDry Ltd. (NASDAQ: EDRY), a prominent name in the drybulk shipping industry, has shared the official outcomes of its latest Annual General Meeting of Shareholders. The gathering took place at the offices of Seward & Kissel LLP. During this assembly, shareholders participated in critical decisions affecting the company's trajectory.

Key Decisions Made by Shareholders

Among the proposals put forward, two significant outcomes were reached. Mr. George Taniskidis and Mr. Apostolos Tamvakakis have been re-elected as Class B Directors. Their renewed leadership is set for a term of three years, culminating in the Company’s next Annual Meeting of Shareholders in 2028. This decision underscores the shareholders' confidence in their expertise and vision for the company.

Re-Election of Directors

The re-election of these two directors is pivotal in ensuring stable leadership and continuity within EuroDry. Their experience and dedication are expected to drive the company's objectives forward, maintaining optimal operational efficiency as it navigates the complexities of the drybulk market.

Selection of Independent Auditors

Additionally, Deloitte Certified Public Accountants, S.A. has been approved as independent auditors for the fiscal year ending December 31, 2025. This approval reflects the company's commitment to maintaining high standards in its financial reporting and adherence to regulations.

Overview of EuroDry Ltd.

Established on January 8, 2018, EuroDry Ltd. was created to streamline the drybulk fleet previously held under Euroseas Ltd. Since its spin-off in May 2018, the company has focused on enhancing its operational capabilities in the dry bulk shipping sector.

Operational Insights

EuroDry operates a dynamic fleet comprising 12 vessels, including Panamax, Ultramax, Kamsarmax, and Supramax drybulk carriers. With a combined cargo capacity of 843,402 dwt, the company is strategically positioned to cater to the rising demand for drybulk transportation. Plans are in motion for an expanded fleet, with the addition of two Ultramax vessels expected by 2027, which will increase its total capacity to 970,402 dwt.

Management Excellence

The operational activities of EuroDry are supervised by Eurobulk Ltd., a well-regarded ship management company certified in quality and environmental management systems. Such meticulous oversight ensures that their shipping operations align with best practices and sustainability efforts.

Commitment to Growth and Innovation

EuroDry is continuously exploring avenues for growth and embraces technological advancements in its operations. Their strategic management and proactive chartering approach enable them to optimize their service delivery while adapting to market changes effectively.

Contact Information

For more information, stakeholders are encouraged to reach out to the company. The contact details for EuroDry Ltd. include:

Tasos Aslidis
Chief Financial Officer
EuroDry Ltd.
11 Canterbury Lane, Watchung, NJ 07069
Tel: (908) 301-9091
Email: aha@eurodry.gr

Nicolas Bornozis
Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, NY 10169
Tel: (212) 661-7566
Email: eurodry@capitallink.com

Frequently Asked Questions

What were the main outcomes of EuroDry’s Annual General Meeting?

The meeting confirmed the re-election of directors Mr. George Taniskidis and Mr. Apostolos Tamvakakis and approved Deloitte as the independent auditors for 2025.

How many vessels are in EuroDry’s fleet?

Currently, EuroDry operates a fleet of 12 vessels, with plans to expand to 14 vessels by 2027.

What is the significance of re-electing the directors?

The re-election indicates shareholders' trust in their leadership and vision, ensuring stability for the company’s future operations.

Who manages EuroDry's operations?

EuroDry's operations are managed by Eurobulk Ltd., ensuring adherence to quality and environmental management standards.

Where can I find more information about EuroDry Ltd.?

Additional information can be found on EuroDry’s official website at www.eurodry.gr.

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