ATHENS, Greece, Jan. 07, 2025 (GLOBE NEWSWIRE) — Diana Transport Inc . (NYSE: NYSE:) (the Firm), a worldwide delivery firm specializing within the possession and bareboat charter-in of dry bulk vessels, as we speak introduced the ultimate outcomes of its tender supply to buy as much as 15,000,000 shares of its widespread inventory, par worth of US$0.01 per share, at a value of US$2.00 per share, internet to the vendor in money, much less any relevant withholding taxes and with out curiosity. The tender supply expired at 5:00 P.M., Jap Time, on December 31, 2024.
Based mostly on the ultimate depend by Computershare Belief Firm, N.A., the depositary for the tender supply, the full variety of shares tendered within the tender supply was 11,442,645 shares. As a result of the tender supply was undersubscribed, the Firm will buy all validly tendered shares from every tendering shareholder for an combination buy value of US$22,885,290.
If shareholders have any questions, please name our info agent, Georgeson LLC, by phone, toll free at (800) 248-7690. Events outdoors the U.S. can attain the data agent at +1-781-575-2137.
In regards to the Firm
Diana Transport Inc. is a worldwide supplier of delivery transportation providers by means of its possession and bareboat charter-in of dry bulk vessels. The Firm’s vessels are employed totally on brief to medium-term time charters and transport a spread of dry bulk cargoes, together with such commodities as iron ore, coal, grain and different supplies alongside worldwide delivery routes.
Cautionary Assertion Relating to Ahead-Trying Statements
Issues mentioned on this press launch could represent forward-looking statements. The Personal Securities Litigation Reform Act of 1995 gives protected harbor protections for forward-looking statements with a purpose to encourage firms to supply potential details about their enterprise. Ahead-looking statements embrace statements regarding plans, aims, objectives, methods, future occasions or efficiency, and underlying assumptions and different statements, that are apart from statements of historic details.
The Firm wishes to benefit from the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995 and is together with this cautionary assertion in reference to this protected harbor laws. The phrases imagine, anticipate, intends, estimate, forecast, undertaking, plan, potential, could, ought to, count on, pending and comparable expressions determine forward-looking statements.
The forward-looking statements on this press launch are based mostly upon varied assumptions, lots of that are based mostly, in flip, upon additional assumptions, together with with out limitation, Firm administration’s examination of historic working tendencies, information contained within the Firm’s information and different information accessible from third events. Though the Firm believes that these assumptions have been affordable when made, as a result of these assumptions are inherently topic to important uncertainties and contingencies which might be tough or not possible to foretell and are past the Firm’s management, the Firm can not guarantee you that it’s going to obtain or accomplish these expectations, beliefs or projections.
Along with these vital elements, different vital elements that, within the Firm’s view, may trigger precise outcomes to vary materially from these mentioned within the forward-looking statements embrace the power of world economies and currencies, basic market circumstances, together with fluctuations in constitution charges and vessel values, adjustments in demand for dry bulk delivery capability, adjustments within the Firm’s working bills, together with bunker costs, drydocking and insurance coverage prices, the marketplace for the Firm’s vessels, availability of financing and refinancing, adjustments in governmental guidelines and laws or actions taken by regulatory authorities, potential legal responsibility from pending or future litigation, basic home and worldwide political circumstances, together with dangers related to the persevering with battle between Russia and Ukraine and associated sanctions, potential disruption of delivery routes resulting from accidents or political occasions, together with the escalation of the battle within the Center East, vessel breakdowns and situations of off-hires and different elements. Please see the Firm’s filings with the U.S. Securities and Alternate Fee for a extra full dialogue of those and different dangers and uncertainties. The Firm undertakes no obligation to revise or replace any forward-looking assertion, or to make another forward-looking statements, whether or not on account of new info, future occasions or in any other case.
Company Contact:Ioannis ZafirakisDirector, Chief Monetary Officer, Chief Technique Officer, Treasurer and SecretaryTelephone: + 30-210-9470-100Email: [email protected]: www.dianashippinginc.comX: @DianashipInvestor and Media Relations:Edward NebbComm-Counsellors, LLCTelephone: + 1-203-972-8350Email: [email protected]: Diana Transport Inc. c/o Diana Transport Companies S.A.
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