ATHENS, GREECE, December 31, 2018 – Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today 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 5:00 P.M., Eastern Time, on December 21, 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. Because 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 our information agent, Georgeson Inc., by telephone, toll free at (800) 248-7690
About the Company
The Company is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.