Seanergy Maritime Update on Common Share Purchases by CEO and Management
03 Aprile 2023 - 3:00PM
Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”)
(NASDAQ: SHIP) announced today that its Chairman and CEO, Stamatis
Tsantanis, has purchased 100,000 shares at an average price of
$5.32, or approximately $532,000 worth of SHIP common stock, in the
open market. In addition, the Company’s CFO, Stavros Gyftakis, has
purchased 18,510 shares at an average price of $5.40, or
approximately $100,000 worth of SHIP common stock, in the open
market.
Stamatis Tsantanis, the Company’s Chairman & Chief
Executive Officer, stated:
“Within two weeks after the announcement of our
year-end results and my intention to purchase Seanergy shares in
the open market, I have exceeded 50% of the targeted amount. This
reflects our ongoing confidence in the Company and its ability to
increase long-term shareholder value. Such confidence is further
attested by the fact that I have never sold any of my SHIP common
shares.
“With Capesize fleet growth at historically low
levels and with demand for dry bulk commodities rebounding
gradually, we believe there is a massive opportunity in front of
us.
“We consider Seanergy to be very well positioned
to benefit from the widely anticipated rebound in the sector and we
remain laser-focused on returning capital to our shareholders while
continuing to grow the Company in a sustainable manner.”
About Seanergy Maritime Holdings
Corp.
Seanergy Maritime Holdings Corp. is the only
pure-play Capesize ship-owner 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 16 Capesize vessels with an average age of approximately 12.14
years and aggregate cargo carrying capacity of approximately
2,846,965 dwt.
The Company is incorporated in 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. 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, 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 war (or threatened war) or
international hostilities, such as between Russia and Ukraine;
risks associated with the length and severity of the ongoing novel
coronavirus (COVID-19) outbreak, including its 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:
Seanergy Investor RelationsTel: +30 213 0181 522E-mail:
ir@seanergy.gr
Capital Link, Inc.Paul Lampoutis 230 Park Avenue Suite 1536New
York, NY 10169Tel: (212) 661-7566E-mail:
seanergy@capitallink.com
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