Globus Maritime Limited regains Compliance with NASDAQ’s Minimum Closing Bid Price
October 30 2018 - 9:00AM
Globus Maritime Limited ("Globus" or the “Company,") (NASDAQ:
GLBS), a dry bulk shipping company, announced today that it has
received a letter from NASDAQ, indicating that the Company has
regained compliance with the $1.00 per share minimum closing bid
price requirement for continued listing on the NASDAQ Capital
Market, pursuant to the NASDAQ marketplace rules. For at least 10
consecutive business days from October 15, to October 26, 2018, the
closing bid price has been greater than $1.00. NASDAQ indicated
within its letter that since the Company has regained compliance
with Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”), this
matter is now closed.
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 10.3 years as
of June 30, 2018.
Safe Harbor StatementThis
communication contains “forward-looking statements” 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,”
“intend,” “may,” “ongoing,” “plan,” “potential,” “predict,”
“project,” “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 specifically as described in the
Company’s filings with the 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.
Globus undertakes no obligation to publicly revise any
forward-looking statement to reflect circumstances or events after
the date of this communication or to reflect the occurrence of
unanticipated events. You should, however, review the factors and
risks Globus describes in the reports it will file from time to
time with the Securities and Exchange Commission after the date of
this communication.
For further information please
contact:
Globus Maritime Limited
Athanasios
Feidakis, CEO+30 210 960 8300a.g.feidakis@globusmaritime.gr
Capital Link – New York
Nicolas Bornozis+1 212 661 7566globus@capitallink.com
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