GLYFADA,
“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
The Company is incorporated in the
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
For further information please contact:
Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr
Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1536
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
Source:
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