Seanergy Maritime Holdings Corp. Announces the Results of the 2019 Annual General Meeting
October 18 2019 - 4:35PM
Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”)
(NASDAQ: SHIP) announced today the results of the Annual Meeting of
Shareholders held on Wednesday, October 17, 2019 at 6:00 p.m. local
time at the Company's executive offices in Glyfada, Greece.
At the meeting the following proposals were
approved and adopted: 1) the election of Mr. Stamatios Tsantanis
and Mr. Elias Culucundis, as Class A Directors to serve until the
2022 Annual Meeting of Shareholders, 2) the appointment of Ernst
& Young (Hellas) Certified Auditors-Accountants S.A. as the
Company's independent auditors for the fiscal year ending December
31, 2019, and 3) the approval of a reverse stock split of the
Company’s issued and outstanding common stock at a ratio of not
less than 1‑for‑2 and not more than 1‑for‑20, at the discretion of
the Company's board of directors.
The Company has no immediate plan to enact a
reverse split. A reverse stock split will be considered by the
Company’s board of directors if deemed necessary in order to regain
compliance with the Nasdaq Capital Market minimum bid price
requirement.
About Seanergy Maritime Holdings
Corp.
Seanergy is the only pure-play Capesize
ship-owner publicly listed in the U.S. Seanergy provides marine dry
bulk transportation services through a modern fleet of 10 Capesize
vessels, with a cargo-carrying capacity of approximately 1,748,581
dwt and an average fleet age of approximately 10.6 years.
The Company is incorporated in the Republic of
the Marshall Islands and has executive offices in Athens, Greece
and an office in Hong Kong. The Company's common shares trade on
the Nasdaq Capital Market under the symbol "SHIP", its Class A
warrants under "SHIPW" and its Class B warrants under “SHIPZ”.
Please visit our company website at:
www.seanergymaritime.com.
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. Words such as "may",
"should", "expects", "intends", "plans", "believes", "anticipates",
"hopes", "estimates" and variations of such words and similar
expressions are intended to identify forward-looking statements.
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 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 outside the United States; and
other factors listed from time to time in the Company's filings
with the SEC, including its most recent annual report on Form 20-F.
The Company's filings can be obtained free of charge on the SEC's
website at www.sec.gov. 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.
For further information please
contact:Capital Link, Inc.Judit Csepregi230 Park Avenue
Suite 1536New York, NY 10169Tel: (212) 661-7566E-mail:
seanergy@capitallink.com
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