Restis Family Continues to Increase Its Support of Seanergy Maritime Purchasing Additional Shares of Common Stock and Increases
25 Juli 2008 - 2:29PM
Marketwired
ATHENS, GREECE (AMEX: SRG) (AMEX: SRG.U) (AMEX: SRG.W) has
announced that it has been advised by affiliates of the Restis
family that an entity under their control has purchased an
additional aggregate of 3,785,590 shares of Seanergy Maritime Corp.
in privately negotiated transactions from two separate stockholders
of the Company. Last week, affiliates of the Restis family
announced they had purchased an aggregate of 2,896,171 shares of
Seanergy Maritime Corp. from three separate stockholders of the
Company.
As a result of such purchases, and an additional market purchase
by a fund affiliated with members of the Restis family, Restis
affiliates beneficially own an aggregate of 10,114,761 shares of
Seanergy common stock, reflecting 35.4% of Seanergy's currently
outstanding common stock, which amount excludes 2,750,000 shares
with respect to which affiliates of the Restis family have shared
voting power, but do not have dispositive power.
In addition, on July 23, 2008, Georgios Koutsolioutsos,
Seanergy's Chairman of the Board of Directors, purchased an
aggregate of 92,680 shares of Seanergy common stock increasing his
beneficial ownership to 8.4% of Seanergy's currently outstanding
common stock, which amount excludes 3,190,000 shares with respect
to which Mr. Koutsolioutsos has shared voting power, but does not
have dispositive power.
Dale Ploughman, Seanergy's CEO, stated: "The increased support
from the affiliates of the Restis family and from our Chairman,
George Koutsolioutsos, demonstrates tangibly our commitment and
confidence in Seanergy's prospects once it becomes an operating
company following shareholder approval and completion of the
proposed transaction."
Seanergy previously announced that pursuant to an Agreement
dated May 20, 2008, Seanergy Merger Corp., the wholly owned
subsidiary of the Company, has agreed to acquire six dry bulk
vessels from affiliates of the Restis family (including a newly
built vessel and a vessel under construction). A shareholders
meeting has been scheduled for August 14, 2008 for shareholders of
record on July 25, 2008 to approve such acquisition and other
related matters.
About Seanergy Maritime Corp.
Seanergy Maritime Corp. is a Business Combination Company(TM),
or BCC(TM). A BCC(TM) is a blank check company formed for the
purpose of acquiring, through a merger, capital stock exchange,
asset acquisition or other similar business combination, an
unidentified operating business.
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 and the Company's growth strategy and
measures to implement such strategy. Words such as "expects,"
"intends," "plans," "believes," "anticipates," "hopes,"
"estimates," and variations of such words and similar expressions
are intended to identify forward-looking statements. Although the
Company believes that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct. 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 scope and timing of
SEC and other regulatory agency review, competitive factors in the
market in which the Company operates; risks associated with
operations outside the United States; and other factors listed from
time to time in the Company's filings with the Securities and
Exchange Commission. The Company expressly disclaims any
obligations or undertaking to release publicly 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.
Not a Proxy Statement; Additional Information
This press release is not a proxy statement or a solicitation of
proxies from holders of common stock of Seanergy and does not
constitute an offer of any securities of Seanergy. In connection
with the proposed transaction and required shareholder approval,
Seanergy will update the preliminary proxy statement it filed with
the SEC on a Form 6-K and will file with the SEC on a Form 6-K a
definitive proxy statement that will be mailed to the shareholders
of Seanergy. Seanergy's shareholders are urged to read the
definitive proxy statement and other relevant materials when they
become available as they will contain important information about
the transaction and related matters. Shareholders will be able to
obtain a copy of the definitive proxy statement, without charge, by
directing a request to: Seanergy Maritime Corp., c/o Vgenopoulos
& Partners Law Firm, 15 Filikis Eterias Square, Athens, 106 73,
Greece, telephone no.: 30 210 7206900; email: mail@vplaw.gr. Once
filed, investors and security holders will be able to obtain free
copies of these documents through the website maintained by the SEC
at http://www.sec.gov.
Seanergy and its officers and directors may be deemed to be
participating in the solicitation of proxies from the Seanergy
shareholders in favor of the approval of the proposed transaction.
Information concerning Seanergy's directors and officers is set
forth in the publicly filed documents of Seanergy. Shareholders may
obtain more detailed information regarding the direct and indirect
interests of Seanergy and its directors and executive officers in
the transaction and related financing by reading the definitive
proxy statement regarding the proposed acquisition, which will be
filed with the SEC on a Form 6-K.
For Further Information please contact: Seanergy Maritime Corp.
c/o Vgenopoulos & Partners Law Firm 15 Filikis Eterias Square
Athens, 106 73 Greece Tel: 30 210 7206900 E-mail: mail@vplaw.gr
Financial Information: Alexis Komninos Chief Financial Officer Tel:
30 210 3726200 E-mail: Kalexis@Komninos.gr Investor Relations /
Media: Capital Link, Inc. Paul Lampoutis 230 Park Avenue Suite 1536
New York, NY 10169 Tel. (212) 661-7566 E-mail:
seanergy@capitallink.com
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