Top Ships Inc. Announces Expiration of 2014 Warrants
August 06 2019 - 8:30AM
TOP Ships Inc. (the “Company”), an international owner and operator
of modern, fuel efficient “ECO” tanker vessels currently focusing
on the transportation of crude oil and petroleum products,
announced today the expiration of the 5-year warrants to purchase
common shares of the Company that were issued on June 11, 2014.
Evangelos Pistiolis, the President, Chief
Executive Officer and Director of the Company, said:
“All of the warrants issued 5 years ago in
connection with our June 2014 offering have now been extinguished.
Therefore, there will be no further dilution to our shareholders as
a result of the 2014 Warrants. The expiration of these warrants
will result in a simpler capital structure and eliminate an element
of volatility that has been affecting our financial results since
2014.”
About TOP Ships Inc.
TOP Ships Inc. is an international ship-owning company.For more
information about TOP Ships Inc., visit its
website: www.topships.org.
Forward-Looking Statements
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words “believe,” “anticipate,”
“intends,” “estimate,” “forecast,” “project,” “plan,” “potential,”
“may,” “should,” “expect” “pending” and similar expressions
identify forward-looking statements. The forward-looking statements
in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including
without limitation, our management’s examination of historical
operating trends, data contained in our records and other data
available from third parties. Although we believe that these
assumptions were reasonable when made, because these assumptions
are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.
Contacts:Alexandros TsirikosChief Financial
OfficerTOP Ships Inc.Tel: +30 210 812 8107Email:
atsirikos@topships.org
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