ATHENS, Greece, Oct. 12, 2020 /PRNewswire/ -- Danaos
Corporation (NYSE: DAC) announced it has repurchased 4,339,271
shares of its common stock for an aggregate purchase price of
$31.1 million in privately negotiated
transactions, including 2,517,013 shares from the Royal Bank of
Scotland and 1,822,258 shares from
Sphinx Investment Corp. These transactions will result in the
Company's previously announced share repurchase program being
terminated.
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of
modern, large-size containerships. Our current fleet of 63
containerships aggregating 385,769 TEUs, including five vessels
owned by Gemini Shipholdings Corporation, a joint venture, ranks
Danaos among the largest containership charter owners in the world
based on total TEU capacity. Our fleet is chartered to many of the
world's largest liner companies on fixed-rate charters. Our long
track record of success is predicated on our efficient and rigorous
operational standards and environmental controls. Danaos
Corporation's shares trade on the New York Stock Exchange under the
symbol "DAC".
Visit our website at www.danaos.com
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SOURCE Danaos Corporation