Okeanis Eco Tankers Files Strategic Registration Statements

Okeanis Eco Tankers Enhances Capital Raising Strategy
Okeanis Eco Tankers Corp. (the “Company” or “OET”) has made a significant move towards improving its capital structure by filing two registration statements on Form F-3 with the U.S. Securities and Exchange Commission (SEC). This strategic decision is aimed at enabling the company to more efficiently raise capital for future needs. By securing up to $500,000,000, OET is poised to utilize these funds for potential acquisitions, strategic initiatives, debt reduction, and general corporate purposes.
Registration Statements Overview
Shelf Registration Statement on Form F-3
The shelf registration statement allows Okeanis Eco Tankers to expedite its capital-raising processes in the future. This flexibility in capital access is particularly vital for companies operating in the shipping and transportation sector, where market dynamics can shift quickly.
Resale Registration Statement
In addition to the shelf registration, OET has also filed a separate “resale” registration statement on Form F-3 that pertains to the resale of up to 18,102,286 common shares. These shares are currently held by affiliates of the Company and typically lack trading freedom within the U.S. market. This statement will facilitate a smoother transition to market for these shares, enhancing liquidity for shareholders.
Future Intentions of the Company
Despite the new filings, Okeanis Eco Tankers has stated that it does not currently plan to utilize the shelf registration statement. There are no indications that the Company’s affiliates intend to sell their registered shares in the near future. This cautious approach reflects a strategy focused on long-term growth rather than immediate capital influx.
About Okeanis Eco Tankers
Founded on April 30, 2018, Okeanis Eco Tankers Corp. is a notable player in the maritime transportation industry, specializing in the seaborne transport of crude oil and refined products. The company is publicly traded on both the Oslo Stock Exchange as OET and the New York Stock Exchange under the ticker ECO. The fleet comprises six modern scrubbing-equipped Suezmax tankers and eight scrubber-fitted VLCC tankers, showcasing OET's commitment to sustainability and operational excellence.
Company Contact Information
Contacts
Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
Email: ir@okeanisecotankers.com
Investor Relations / Media Contact:
Nicolas Bornozis, President, Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
Email: okeanisecotankers@capitallink.com
Frequently Asked Questions
What are the main purposes of the registration statements filed by OET?
The registration statements are intended to allow OET to raise capital efficiently for acquisitions, debt reduction, and general corporate needs.
What is included in the shelf registration statement?
The shelf registration enables Okeanis Eco Tankers to access up to $500,000,000 when needed without the delays often associated with traditional fundraising methods.
Who benefits from the resale registration statement?
The resale registration helps affiliates of the Company sell their shares more freely in the U.S. market, enhancing liquidity and flexibility.
Is OET planning to use the funds from the registration statement soon?
Currently, OET has no immediate plans to utilize the shelf registration statement for fundraising.
When was Okeanis Eco Tankers founded?
Okeanis Eco Tankers Corp. was established on April 30, 2018, with a focus on environmentally friendly maritime transportation.
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