June 23, 2023
Luxembourg, 23 June 2023 – d'Amico International Shipping S.A. (the "Company" or "DIS") announces today that it has completed a reverse stock split with respect to all the shares of the Company at a ratio of one (1) to ten (10) (the “Reverse Stock Split"), which became effective on 19 June 2023 (the “Effective Date”), as previously approved by the Company’s extraordinary general meeting of shareholders held on 13 June 2023 (the “EGM”) and implemented by the Board of Directors resolution on 14 June 2023 (the “Board”) in compliance with the relevant delegation of powers conferred by the EGM.
As a result of the Reverse Stock Split, as of the Effective Date, the share capital of the Company is set at USD 62,053,278.45, thus without reduction, and is divided into 124,106,556 shares with no nominal value.
As of the Effective Date, the consolidated shares of the Company trade under the new ISIN code LU2592315662.
[Equita S.p.A. (“Equita”), a broker appointed by the Company, with respect to shareholders who held shares that could not be consolidated into a whole number of consolidated shares, carried out the liquidation of consolidated fraction of shares through purchases and sales on the relevant market. Such shareholders were provided with pro rata net proceeds of the purchases and sales transactions.]
Furthermore, as of the Effective Date of the Reverse Stock Split, in accordance with the EGM resolution and the relevant implementation of the Board (i) the Company’s authorised share capital, including the issued share capital, amountsto USD 87,500,000, divided into 175,000,000 shares with no nominal value and (ii) the Board is authorised for a period of 5 years from 19 June 2023 (therefore until 19 June 2028), within the limits of the authorised share capital, to, inter alia, increase the Company’s issued capital up to the maximum amount of the authorised capital and to remove or limit the statutory preferential subscription right of the shareholders.
From today this press release is available on the Investor Relations section of the Company’s website, disclosed through the e-market SDIR circuit, filed with Commission de Surveillance du Secteur Financier (CSSF) and stored both at Borsa Italiana S.p.A. through the e-market STORAGE circuit and at Société de la Bourse de Luxembourg S.A. in its quality of OAM.