Okeanis Eco Tankers Corp. – Key Information relating to Q3 2024 dividend
08 November 2024 - 6:05AM
Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO /
OSE: OET), announced today that the Company's board of directors
(the “Board”) has declared a dividend on its common shares, which
is classified as a return of capital for accounting purposes (the
“Dividend”).
Due to implementation of the Central Securities
Depository Regulation (“CSDR”) in Norway, shareholders who hold
shares registered in Euronext Securities Oslo, the central
securities depository in Norway (“VPS”) should please note the
information on the payment date to the shares registered in VPS
below.
Since May 28, 2024, the New York Stock Exchange (“NYSE”) has
been settling its trades on a T+1 basis, while the Oslo Stock
Exchange (“OSE”) continues to settle its trades on a T+2 basis. As
a result, there will be different ex-dividend dates between the two
exchanges, as set out below.
Key information relating to the Dividend:
- Dividend amount: USD 0.45 per common share.
- Declared currency: USD. Dividends payable to common shares
registered in the Euronext VPS will be distributed in NOK.
- Date of Board approval: November 7, 2024.
- Last day including right OSE: November 14, 2024, the last date
on which the Company’s common shares trading on the OSE will
include the entitlement to the Dividend.
- Last day including right NYSE: November 15, 2024, the last date
on which the Company’s common shares trading on the NYSE will
include the entitlement to the Dividend.
- Ex-date OSE: November 15, 2024, the date on which the Company’s
common shares will begin trading on the OSE without the entitlement
to the Dividend.
- Ex-date NYSE: November 18, 2024, the date on which the
Company’s common shares will begin trading on the NYSE without the
entitlement to the Dividend.
- Record date OSE and NYSE: November 18, 2024
- Payment date: December 4, 2024. Due to the implementation of
CSDR in Norway, the Dividend payable on common shares that are
registered in the Euronext VPS is expected to be distributed to
Euronext VPS shareholders on or about December 9, 2024.
The Company encourages you to contact your bank, broker, nominee
or other institution if you have any questions regarding the
mechanics and timing of having the Dividend attributable to your
common shares credited to your account.
Contacts
Company:
Iraklis Sbarounis, CFOTel: +30 210 480
4200ir@okeanisecotankers.com
Investor Relations / Media Contact:
Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue,
Suite 1540, New York, N.Y. 10169Tel: +1 (212)
661-7566okeanisecotankers@capitallink.com
About OET
OET is a leading international tanker company providing seaborne
transportation of crude oil and refined products. The Company was
incorporated on April 30, 2018 under the laws of the Republic of
the Marshall Islands and is listed on Oslo Børs under the symbol
OET and the New York Stock Exchange under the symbol ECO. The
sailing fleet consists of six modern scrubber-fitted Suezmax
tankers and eight modern scrubber-fitted VLCC tankers.
Forward-Looking Statements
This communication contains “forward-looking statements”,
including as defined under U.S. federal securities laws.
Forward-looking statements provide the Company’s current
expectations or forecasts of future events. Forward-looking
statements include statements about the Company’s expectations,
beliefs, plans, objectives, intentions, assumptions and other
statements that are not historical facts or that are not present
facts or conditions. Words or phrases such as “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “hope,” “intend,”
“may,” “ongoing,” “plan,” “potential,” “predict,” “project,”
“should,” “will” or similar words or phrases, or the negatives of
those words or phrases, may identify forward-looking statements,
but the absence of these words does not necessarily mean that a
statement is not forward-looking. Forward-looking statements are
subject to known and unknown risks and uncertainties and are based
on potentially inaccurate assumptions that could cause actual
results to differ materially from those expected or implied by the
forward-looking statements. The Company’s actual results could
differ materially from those anticipated in forward-looking
statements for many reasons, including as described in the
Company’s filings with the U.S. Securities and Exchange Commission.
Accordingly, you should not unduly rely on these forward-looking
statements, which speak only as of the date of this communication.
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; broader market impacts arising
from war (or threatened war) or international hostilities; risks
associated with pandemics (including COVID-19), including effects
on demand for oil and other products transported by tankers and the
transportation thereof; and other factors listed from time to time
in the Company's filings with the U.S. Securities and Exchange
Commission. Except to the extent required by law, 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. You
should, however, review the factors and risks the Company describes
in the reports it files and furnishes from time to time with the
U.S. Securities and Exchange Commission, which can be obtained free
of charge on the U.S. Securities and Exchange Commission’s website
at www.sec.gov.
This information is published in accordance with the
requirements of the Continuing Obligations.
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