Announces the early closing of the buyback programme's authorized period

Luxembourg – 13 June 2023 – d’Amico International Shipping S.A. (the “Company” or “DIS”) hereby informs that the the extraordinary general meeting of shareholders of the Company held today resolved to terminate with effect on June 19th, 2023, the Board of Directors’ five years authorization to repurchase the Company’s own shares – as resolved by the annual general meeting of shareholders held on April 20th, 2021 (following the “Authorization”).

The Authorization was granted for a maximum number of 186,157,950 ordinary shares of the Company without nominal value (including the own shares already repurchased and held in the Company’s portfolio at the Authorization’s start date) for a total maximum outlay of Euro 45 million. The Company duly engaged Equita SIM S.p.A. (“Equita”) for the purpose of the repurchase and disposal on the regulated market organized and managed by Borsa Italiana S.p.A.

Equita declared in case of repurchases and/or sales in relation to the Company's own shares, to act independently of, and without influence by, the Company with regard to the timing of the transactions, in compliance with the Board of Directors’ resolution of the 6 May 2021 as well as with any applicable laws and regulations.

During the Authorization, DIS did not repurchase any own shares but assigned a total of 263,209 own shares to the beneficiaries of the Company’s 2019-2021 Medium-Long Term Variable Incentive Plan.

As of today, the Company holds no. 18,063,702 own shares (including those repurchased during previously authorized periods) without nominal value, corresponding to 1.46% of the Company’s current share capital.

As already disclosed in the Company’s press release dated June 13th, 2023, the Company’s extraordinary general meeting of shareholders held on that date resolved to renew the Board of Directors’ authorization to repurchase its own ordinary shares for a further five years’ period.

From today also this press release is available on the investor relations section of DIS website, filed with CSSF, disclosed through the e-market SDIR circuit and stored both at Borsa Italiana S.p.A. through the e-market STORAGE system and at Société de la Bourse de Luxembourg S.A., in its quality of OAM.