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Important Dividend Announcement from Okeanis Eco Tankers Corp.

Important Dividend Announcement from Okeanis Eco Tankers Corp.

Critical Dividend Declaration by Okeanis Eco Tankers Corp.

Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET) recently announced a significant dividend on its common shares, creating excitement among shareholders. This decision was made during a meeting of the Company’s board of directors and reflects OET's commitment to delivering value to its investors.

Understanding the Dividend Payment Information

In light of the implementation of the Central Securities Depository Regulation (‘CSDR’) in Norway, there are key changes regarding how shareholders will receive their dividends. This regulation affects those who hold common shares registered in Euronext Securities Oslo (VPS), making it essential for shareholders to be informed about payment dates and other relevant details.

Key Details of the Dividend

The dividend amount declared is USD 0.70 per common share. However, shareholders holding their shares in the Euronext VPS will receive dividends in NOK, promoting clarity throughout the process. This dual currency approach enhances market accessibility for both U.S. and Norwegian investors.

Timeline of Key Dates

It's important to highlight the timeline regarding this dividend:

  • Board approval occurred promptly to facilitate the payment schedule.
  • Last trading day for OSE shareholders to qualify for the dividend is set, followed by the ex-dividend dates for both exchanges.
  • Payment is expected to reach shareholders on September 5.

Shareholder Instructions for Dividend Receipt

To ensure that dividends are credited correctly, shareholders are advised to engage with their banking institutions or brokers to confirm arrangements for the receipt of this dividend. This communication underscores the Company’s commitment to transparency and shareholder support.

About Okeanis Eco Tankers Corp.

As a prominent player in the maritime sector, Okeanis Eco Tankers specializes in environmental-friendly tanker transport for crude oil and refined products. Since its establishment under the laws of the Republic of the Marshall Islands, the Company has rapidly grown, now operating a fleet of six Suezmax tankers and eight VLCC tankers. With this modern vessel lineup, OET aims to adhere to the highest environmental and safety standards.

Company Contacts for Inquiries

For further information, OET encourages you to reach out to the following contacts:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
Email: ir@okeanisecotankers.com
Nicolas Bornozis, President (Investor Relations / Media Contact)
Tel: +1 (212) 661-7566
Email: okeanisecotankers@capitallink.com

Frequently Asked Questions

What is the amount of the declared dividend?

The declared dividend amount is USD 0.70 per common share for Okeanis Eco Tankers Corp.

When is the payment date for the dividend?

The payment date for the dividend is set for September 5.

How will the dividend be paid to shareholders in Norway?

Shareholders registered in Euronext VPS will receive their dividends in NOK.

What should shareholders do to receive their dividends?

Shareholders should contact their banks or brokers to confirm arrangements for the dividend to be credited to their accounts.

What does Okeanis Eco Tankers Corp. specialize in?

Okeanis Eco Tankers Corp. specializes in environmentally-friendly maritime transportation of crude oil and refined products.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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