Tranche Update on Global Ship Lease, Inc.'s Equity Buyback Plan announced on March 24, 2022.
May 11, 2023 at 04:20 pm EDT
Share
From January 1, 2023 to March 31, 2023, the company has repurchased 582,178 shares, representing 1.62% for $10 million. With this, the company has completed the repurchase of 1,642,818 shares, representing 4.52% for $30.01 million under the buyback announced on March 24, 2022.
Global Ship Lease, Inc. is a United Kingdom-based containership owner, leasing ships to container shipping companies under industry-standard, fixed-rate time charters. The Company focuses on mid-size Post-Panamax and smaller containerships. As a containership owner, its business is both procyclical with chartered tonnage and counter-cyclical with sale and lease-back structures. The Company owns 68 containerships, ranging from 2,207 to 11,040 TEU, with a combined capacity of 375,406 TEU. 36 ships are wide beam Post-Panamax. The mix of ship sizes within its fleet provides flexibility to deploy its vessels on a range of trading routes. Its portfolio of vessels includes CMA CGM Thalassa, ZIM Norfolk, Anthea Y, ZIM Xiamen, MSC Tianjin, MSC Qingdao, GSL Ningbo, GSL Alexandra, GSL Effie, GSL Lydia, GSL Sofia, GSL Kalliopi, GSL Grania, GSL Eleni, Mary, Kristina, Katherine, Alexandra, Alexis, Olivia I, CMA CGM Berlioz, Agios Dimitrios, and GSL Christel Elisabeth, among others.
GLOBAL SHIP LEASE, INC. 
