Globus Maritime Announces Conversion of Debt and Issuance of Shares

Date : 05/02/2019 @ 2:00PM
Source : GlobeNewswire Inc.
Stock : Globus Maritime Limited (GLBS)
Quote : 2.5561  0.1561 (6.50%) @ 1:00AM

Globus Maritime Announces Conversion of Debt and Issuance of Shares

Globus Maritime (NASDAQ:GLBS)
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Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that, in accordance with the terms and provisions of the revolving credit facility, dated November 21, 2018, between the Company and Firment Shipping Inc., an entity deemed as an affiliated party through common control, the Company has elected to convert the aggregate outstanding principal balance and accrued interest of US$3,170,136 into 1,132,191 shares of common stock of the Company.

About Globus Maritime LimitedGlobus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of five dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate five vessels with a total carrying capacity of 300,571 Dwt and a weighted average age of 10.8 years as of December 31, 2018.

For further information please contact:
Globus Maritime Limited+30 210 960 8300
Athanasios Feidakis, 
Capital Link – New York+1 212 661 7566

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