Seanergy Maritime Issues Statement on Court’s Dismissal of Economou’s Litigation
October 29 2024 - 8:00AM
Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”)
(NASDAQ: SHIP) today issued the following statement regarding the
decision by the High Court of the Republic of the Marshall Islands
dismissing the litigation brought by Economou through his entity
Sphinx Investment Corp., and with it Sphinx’s motion for a
temporary restraining order which sought to delay the Company’s
2024 Annual Meeting of Shareholders (the “2024 Annual
Meeting”).
The Company issued the following statement:
The Seanergy Board of
Directors is pleased that the Court has dismissed the litigation
that Economou brought against Seanergy and its Board members. We
are moving forward with our regularly scheduled 2024 Annual
Meeting.
The Company and our
shareholders are benefitting from the strategic actions that the
Board and management team are taking, and they are poised to
continue to do so through the cycle and beyond.
Our Board strongly
recommends that shareholders vote on the WHITE
proxy card “FOR”
Seanergy’s nominees and
“AGAINST”
Economou’s proposals.
Seanergy’s 2024 Annual Meeting remains scheduled
for November 4, 2024. Shareholders of record as of the close of
business on September 19, 2024, are entitled to vote. Additional
information and resources for shareholders regarding Seanergy’s
value creation strategy and how to vote at the 2024 Annual Meeting
are available at www.VoteSeanergy.com.
If you have any questions or require any assistance with voting
your shares, please contact our proxy solicitor, MacKenzie
Partners, atU.S. & Canada Toll-Free: +1-800-322-2885Greece
Toll-Free: +1-800-000-0260Elsewhere Call Collect (Toll):
+1-212-929-5500OrEmail: Seanergy@MacKenziePartners.comYou may
receive solicitation materials from Economou. The Board
unanimously recommends shareholders disregard and do not return any
proxy materials from Economou. |
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is a prominent
pure-play Capesize shipping company publicly listed in the U.S.
Seanergy provides marine dry bulk transportation services through a
modern fleet of Capesize vessels. The Company’s operating fleet
consists of 19 vessels (1 Newcastlemax and 18 Capesize) with an
average age of approximately 13.5 years and an aggregate cargo
carrying capacity of approximately 3,417,608 dwt.
The Company is incorporated in the Republic of
the Marshall Islands and has executive offices in Glyfada, Greece.
The Company's common shares trade on the Nasdaq Capital Market
under the symbol “SHIP”.
Please visit our Company website
at: www.seanergymaritime.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking
statements (as defined in Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended) concerning future events, including with respect
to upcoming annual meeting, the declaration of dividends, market
trends and shareholder returns. Words such as “may”, “should”,
“expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”,
“estimates” and variations of such words and similar expressions
are intended to identify forward-looking statements. These
statements involve known and unknown risks and are based upon a
number of assumptions and estimates, which are inherently subject
to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ
materially from those expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially include, but are not limited to, the Company’s operating
or financial results; the Company’s liquidity, including its
ability to service its indebtedness; competitive factors in the
market in which the Company operates; shipping industry trends,
including charter rates, vessel values and factors affecting vessel
supply and demand; future, pending or recent acquisitions and
dispositions, business strategy, impacts of litigation, areas of
possible expansion or contraction, and expected capital spending or
operating expenses; risks associated with operations outside the
United States; broader market impacts arising from trade disputes
or war (or threatened war) or international hostilities, such as
between Israel and Hamas or Iran and between Russia and Ukraine;
risks associated with the length and severity of pandemics
(including COVID-19), including their effects on demand for dry
bulk products and the transportation thereof; and other factors
listed from time to time in the Company’s filings with the SEC,
including its most recent annual report on Form 20-F. The Company’s
filings can be obtained free of charge on the SEC’s website at
www.sec.gov. Except to the extent required by law, the Company
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
For further information please contact:
Investors Seanergy Investor Relations Tel: +30
213 0181 522 Email: ir@seanergy.gr
Capital Link, Inc. Paul Lampoutis 230 Park Avenue Suite 1536 New
York, NY 10169 Tel: +1 212-661-7566 Email:
seanergy@capitallink.com
Media Joele Frank, Wilkinson Brimmer Katcher
Aaron Palash / Maggie Carangelo / Spencer Hoffman Tel: +1
212-355-4449 Email: Seanergy-Media@joelefrank.com
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