Share Issuance Announcement by Okeanis Eco Tankers Corp.
Okeanis Eco Tankers Corp. has made an important move in its growth strategy by successfully issuing 3,239,436 new common shares. This issuance, priced at USD 35.50 per share, has raised approximately USD 115 million. With these new shares, the total number of common shares issued by the company has now reached 36,129,436.
Trading on Major Exchanges
The newly issued shares will begin trading shortly on the New York Stock Exchange and can also be transferred for trading on Euronext Oslo Børs. This dual listing allows investors a broad range of opportunities to engage with Okeanis Eco Tankers Corp. shares in the U.S. and European markets.
Details on Share Structure
Out of the total shares issued, 35,433,544 are deemed outstanding, with 695,892 shares held in treasury. The recent issuance before the record date for dividends ensures that these new shares will be eligible for the announced cash dividend of USD 0.75 per share.
Role of Financial Managers
Fearnley Securities AS and Clarksons Securities AS played pivotal roles in the offering as joint bookrunners, ensuring a seamless transaction for the company. Their expertise has supported Okeanis Eco Tankers Corp. in navigating the complexities of this capital raise.
Legal Counsel and Compliance
Regarding legal compliance and support, Advokatfirmaet BAHR AS presented the Norwegian legal counsel alongside Watson Farley & Williams LLP in the U.S. This cooperation establishes a strong framework for assuring that all transaction facets align with regulatory requirements.
Prospectus Details
The shares were sold under a shelf registration statement on Form F-3 with the Securities and Exchange Commission (SEC), ensuring that the offering adheres to all necessary legalities. A final prospectus supplement has been filed, providing all details for interested investors.
About Okeanis Eco Tankers Corp.
As a prominent player in the maritime sector, Okeanis Eco Tankers Corp. specializes in providing efficient seaborne transportation of crude oil and refined products. The company was launched on April 30, 2018, and operates a fleet consisting of six Suezmax tankers and eight VLCC tankers, both equipped with modern scrubbers for enhanced environmental compliance.
Investor Relations Contacts
For further inquiries regarding this stock issuance or any other investor relations matters, you can reach out to:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
Email: ir@okeanisecotankers.com
Nicolas Bornozis, President
Capital Link, Inc.
Tel: +1 (212) 661-7566
Email: okeanisecotankers@capitallink.com
Frequently Asked Questions
1. What is Okeanis Eco Tankers Corporation?
Okeanis Eco Tankers Corporation is an international tanker company specializing in the transportation of crude oil and refined products.
2. How many new shares were issued?
Okeanis Eco Tankers issued 3,239,436 new common shares in this offering.
3. On which stock exchanges are these shares listed?
The new shares will be traded on both the New York Stock Exchange and Euronext Oslo Børs.
4. Who acted as the financial managers for the offering?
Fearnley Securities AS and Clarksons Securities AS acted as joint bookrunners for the stock offering.
5. What is the par value of the new shares?
The new shares have a par value of USD 0.001 each.
