Safe Bulkers increases issued share capital after Euronext Athens approves 5,226 new shares
Safe Bulkers’ issued common shares rose to 113,838,699 after Euronext Athens approved 5,226 new shares allocated to independent directors under an equity compensation plan.
Athens, Greece. Marine dry-bulk shipping company Safe Bulkers has increased its issued share capital to 113.84 million shares after Euronext Athens approved the listing of 5,226 new shares allocated to its independent directors under an equity compensation plan.
Listing and trading
The company announced that Euronext Athens approved the listing on October 8, 2026, allowing the new shares to be traded on the exchange’s Main Market from October 12.
The shares are registered voting common stock, each with a nominal value of $0.001. Following the issue, Safe Bulkers’ total number of issued common shares increased from 113,833,473 to 113,838,699.
The opening trading price of the new shares on Euronext Athens will be determined in accordance with the exchange’s Rulebook and Decision No. 26, as currently in force.
Equity compensation plan
The shares were issued under Safe Bulkers’ equity compensation plan for independent directors. The company’s board approved the plan on June 2, 2020, and shareholders subsequently approved it at the annual general meeting on August 3, 2020.
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