Diana Shipping releases final results of self tender offer for common stock shares
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
On 31 December, Diana Shipping Inc, a global shipping company specialising in the ownership of dry bulk vessels, announced the final results of its tender offer to purchase up to 4 166 666 shares of its common stock, par value of US$0.01 per share (the common stock), at a price of US$3.60 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5 pm., Eastern Time, on 21 December 2018.
Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, the total number of shares tendered in the tender offer was 11 020 520.4506 shares. As the tender offer was oversubscribed, the number of shares that the company purchased from each tendering shareholder was prorated so that the company purchased a total of 4 166 666 shares in the tender offer for an aggregate purchase price of US$14 999 997.60.
If shareholders have any questions, please call its information agent, Georgeson Inc., by telephone, toll free at (800) 248-7690.
Read the article online at: https://www.drybulkmagazine.com/shipping/02012019/diana-shipping-releases-final-results-of-self-tender-offer-for-common-stock-shares/
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