Global Ship Lease Announces Results of 2022 Annual Meeting of Shareholders
December 07 2022 - 4:15PM
Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today
announced the election of two Term II Directors at the Company’s
2022 Annual Meeting of Shareholders (the “Annual Meeting”), held
today in Athens, Greece. The Directors, Michael Chalkias and George
Giouroukos, were each re-elected to serve until the Company’s 2025
Annual Meeting of Shareholders and until such time as his successor
has been duly elected and qualified.
Additionally, the appointment of PricewaterhouseCoopers S.A. as
the Company’s independent public accounting firm for the fiscal
year ending December 31, 2022 was ratified.
Finally, the Company adjourned the Annual Meeting without taking
action on the proposal to approve the adoption of an amendment to
the Company’s Amended and Restated Articles of Incorporation
establishing a quorum for all meetings of shareholders of the
Company of one-third (1/3) of the shares, present either in person
or by proxy, issued and outstanding and entitled to vote at such
meetings (“Proposal Three”). The decision to adjourn the Annual
Meeting solely with respect to Proposal Three was made to provide
additional time for shareholders to vote on this proposal, which as
of December 7, 2022, did not achieve the requisite affirmative vote
of the holders of at least a majority of the Class A common shares
outstanding. The adjourned Annual Meeting will reconvene on January
5, 2023 at 8:00 p.m. local time, at 3-5 Menandrou Str., 14561
Kifisia, Athens, Greece.
The Company encourages all shareholders to read the proxy
statement dated October 25, 2022, including any amendments and
supplements thereto, and to submit a proxy indicating their vote on
Proposal Three prior to the reconvened Annual Meeting. The record
date for shareholders entitled to vote remains October 17, 2022.
Shareholders who require proxy materials are encouraged to contact
Morrow Sodali, the Company’s proxy solicitor, at (800) 662-5200 or
by e-mail at GSL@investor.morrowsodali.com. Valid proxies submitted
by the Company's shareholders prior to the original Annual Meeting
will continue to be valid for purposes of the reconvened Annual
Meeting.
This communication is not a solicitation of a proxy from any
shareholder. However, the Company and its directors and executive
officers and certain other members of management and employees may
be deemed to be participants in the solicitation of proxies for the
Annual Meeting. The notice of the Annual Meeting, proxy statement,
and certain other materials (the “Proxy Materials”) were furnished
to all shareholders of record on or about October 25, 2022, and
additionally were furnished to the U.S. Securities and Exchange
Commission (the “Commission”) and available on the Commission’s
website at www.sec.gov. Shareholders of the Company and other
interested persons are advised to read the Company’s Proxy
Materials, including any amendments and supplements thereto,
because they contain, or will contain, important information about
the Annual Meeting and the solicitation of proxies.
About Global Ship Lease
Global Ship Lease is a leading independent owner of
containerships with a diversified fleet of mid-sized and smaller
containerships. Incorporated in the Marshall
Islands, Global Ship Lease commenced operations
in December 2007 with a business of owning and chartering
out containerships under fixed-rate charters to top tier container
liner companies. It was listed on the New York Stock Exchange
in August 2008.
As at November 8, 2022, Global Ship Lease owned 65
containerships, ranging from 1,118 to 11,040 TEU, with an aggregate
capacity of 342,348 TEU. 32 ships are wide-beam Post-Panamax.
Adjusted to include all charters agreed, up to November 8,
2022, the average remaining term of the Company’s charters as
at September 30, 2022, to the mid-point of redelivery,
including options under the Company’s control and other than if a
redelivery notice has been received, was 2.9 years on a
TEU-weighted basis. Contracted revenue on the same basis
was $2.23 billion. Contracted revenue was $2.65 billion,
including options under charterers’ control and with latest
redelivery date, representing a weighted average remaining term of
3.7 years.
Safe Harbor Statement
This press release contains forward-looking
statements. 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. 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. These forward-looking statements
are based on assumptions that may be incorrect, and the Company
cannot assure you that the events or expectations included in these
forward-looking statements will come to pass. Actual results could
differ materially from those expressed or implied by the
forward-looking statements as a result of various factors,
including the factors described in "Risk Factors" in the Company's
Annual Report on Form 20-F and the factors and risks the Company
describes in subsequent reports filed from time to time with the
U.S. Securities and Exchange Commission. Accordingly, you should
not unduly rely on these forward-looking statements, which speak
only as of the date of this press release. The Company undertakes
no obligation to publicly revise any forward-looking statement to
reflect circumstances or events after the date of this press
release or to reflect the occurrence of unanticipated events.
Investor and Media Contact: The IGB GroupBryan
Degnan646-673-9701or Leon Berman 212-477-8438
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