Seanergy Announces Shareholder Approval of Business Combination
26 August 2008 - 8:57PM
Marketwired
Seanergy Maritime Corp. (AMEX: SRG) (AMEX: SRG.U) (AMEX: SRG.W)
announced that at a special meeting of shareholders today,
shareholders approved the proposal to acquire six dry bulk carriers
from affiliates of members of the Restis family.
Shareholders cast 20,618,873 votes in favor of the proposal, and
holders of 6,514,175 shares voted against the proposal. Of the
shareholders voting against the proposal, holders of 6,370,773
shares properly demanded redemption of their shares. Approval of
the business combination required a majority of votes cast at the
meeting to be cast in favor of the proposal and that holders of
fewer than 35% of Seanergy's shares issued in its initial public
offering vote against the vessel acquisition and properly exercise
their redemption rights.
Closing of the acquisition of the initial vessels constituting
the completion of the business combination is scheduled for August
28, 2008.
Rodman & Renshaw and Maxim Group LLC acted as the mergers
and acquisitions advisors on this acquisition.
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
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.
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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