Diana Shipping Inc. Announces Extension of Expiration Date for Previously Announced Tender Offer
ATHENS, GREECE, January 21, 2021 – Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it is extending its previously announced cash tender offer (the “Tender Offer”) to purchase up to 6,000,000 shares of its outstanding common stock at a purchase price of $2.50 per share. As extended, the Tender Offer, the proration period and withdrawal rights will now expire at 5:00 p.m., Eastern Time, on Thursday, January 28, 2021, unless further extended or earlier terminated.
Stockholders who have previously validly tendered and not withdrawn their shares do not need to re-tender their shares or take any other action in response to this amendment and if such shares are not withdrawn prior to the Expiration Date will receive the $2.50 purchase price for their shares. All other terms and conditions of the Tender Offer are set forth in the Company’s “Offer to Purchase” and “Letter of Transmittal”, each dated December 15, 2020, as amended on December 22, 2020, and January 13, 2021 and the other related materials that the Company distributed to stockholders, which were filed with the Securities and Exchange Commission (“SEC”) as exhibits to the Company’s Schedule TO on December 15, 2020 (as amended by Amendments No. 1 and 2 to the Schedule TO dated December 22, 2020 and January 13, 2021).
About the Company
Diana Shipping Inc. 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.