Athens, Greece, May 16, 2024 (GLOBE NEWSWIRE) — Okeanis Eco Tankers Corp. announced… (OET or the Company) (NYSE: ECO/OSE: OET), announced today that the Company's board of directors (the Board of Directors) declared a dividend on its common stock, which is classified as a return of capital for accounting purposes (dividends).
Due to the implementation of the Central Securities Depository Regulation (CSDR) in Norway, shareholders who hold shares registered with Euronext Securities Oslo, Norway's central securities depository (VPS), should note the information regarding the payment history of shares registered with the VPS below.
As of May 28, 2024, the New York Stock Exchange (NYSE) will settle its trades on a T+1 basis, while the Oslo Stock Exchange (OSE) will continue to settle its trades on a T+2 basis. As a result, there will be different dividend distribution dates between the two exchanges, as shown below.
Key information related to profits:
- Profits amount: 1.10 USD For each common share.
- Declared currency: American dollar. Dividends payable on ordinary shares registered in Euronext VPS will be distributed in Norwegian krone.
- Date of approval by the Board of Directors: May 15, 2024.
- Last day that includes the correct operating system environment: June 3, 2024It is the last date on which trading of the company's ordinary shares on the Amman Stock Exchange will include the entitlement to dividends.
- Last day including NYSE correct: June 4, 2024which is the last date on which the Company's common stock will be traded on the New York Stock Exchange, including the entitlement to dividends.
- Previous OS date: June 4, 2024This is the date on which the company's ordinary shares will begin trading on the Amman Stock Exchange without entitlement to dividends.
- Previous NYSE date: June 5, 2024The date on which a company's common stock will begin trading on the New York Stock Exchange without accruing dividends.
- OSE and NYSE registration history: June 5, 2024.
- Payment Date: June 20, 2024. Due to the implementation of the CSDR in Norway, the dividends payable on registered ordinary shares of Euronext VPS are expected to be distributed to Euronext VPS shareholders on or about June 25, 2024.
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The Company encourages you to contact your bank, broker, nominee or other institution if you have any questions regarding the mechanics and timing of receiving dividends attributable to your common shares deposited in your account.
Contacts
a company:Iraklis Sparonis, CEO Tel: +30 210 480 4200ir@okeanisecotankers.com
Investor Relations/Media Contact:Nicholas Bournouzes, PresidentCapital Link, Inc.230 Park Avenue, Suite 1540, New York, NY 10169Phone: +1 (212) 661-7566okeanisecotankers@capitallink.com
About OET
OET is a leading international tanker company providing ocean transportation services for refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on the Oslo Stock Exchange under the symbol OET and on the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern Suezmax tankers with scrubbers and eight modern VLCC tankers with scrubbers.
Forward-looking statements
This communication contains forward-looking statements, including as defined under U.S. federal securities laws. Forward-looking statements provide the company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or are not current facts or conditions. Words or phrases such as expect, believe, continue, estimate, expect, hope, intend, may, continue, plan, anticipate, plan, should, will, or similar words or phrases, or the negatives of those words or phrases, may identify data. Forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on assumptions that may be inaccurate that could cause actual results to differ materially from those projected or implied in the forward-looking statements. The Company's actual results could differ materially from those projected in the forward-looking statements for numerous reasons, including as described in the Company's filings with the U.S. Securities and Exchange Commission. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. 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 supply and demand for vessels; future, pending or recent acquisitions and dispositions, business strategy, potential areas of expansion or contraction, and anticipated capital expenditures or operating expenses; risks associated with operations; wider market effects arising from war (or threat of war) or international hostilities; risks associated with pandemics (including COVID-19), including impacts on demand for and transportation of oil and other products carried by tankers; and other factors included from time to time in the Company's filings with the U.S. Securities and Exchange Commission. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to publicly disclose 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. However, you should review the factors and risks that the Company describes in the reports it files and files from time to time with the SEC, which may be obtained free of charge from the SEC's website at the following link: www.sec.gov.
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This information is published in accordance with the requirements of ongoing commitments.