Annual Report
News Archive 2006
Results of Rights Offering24 October 2006
Global Oceanic Carriers Limited, the AIM listed Greek based dry bulk shipping company, announces that the 1 for 1 Rights Offering of 20,016,396 New Ordinary Shares at 65 pence per share as detailed in the circular sent to Shareholders dated 6th October 2006 closed at 11.00 a.m. on 21st October 2006.
The Company received valid acceptances in respect of 16,779,638 New Ordinary Shares from Qualifying Shareholders, which represents an aggregate take-up of 84 percent.
The remaining New Ordinary Shares not taken up or subscribed for were taken up by those Shareholders identified in Part V of the Circular.
It is expected that the New Ordinary Shares will be credited to CREST accounts today and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched on 31 October 2006.
Unless the context otherwise requires, defined terms shall have the meanings given to them in the Circular.
For further information:
| Global Oceanic Carriers Limited | |
| Michael P. Tartsinis, Chief Executive Officer | Tel: 00 30 210 898 6362 |
| www.gocarriers.com | |
| Jefferies International Limited | |
| Andrew Meigh | Tel: +44 (0) 20 7618 3500 |
| ameigh@jefferies.com | www.jefferies.com |
Media enquiries:
| Abchurch | |
| Charlie Jack | Tel: +44 (0) 20 7398 7700 |
| charlie.jack@abchurch-group.com | www.abchurch-group.com |
Notes to Editors:
Global Oceanic Carriers Limited is a shipping company comprising of ship ownership, management and chartering. The company is based in Glyfada, Greece and incorporated in Jersey. The Company has acquired three vessels and will use the extensive shipping experience of the management and the dynamic market conditions to build a fleet for long term charter revenue.
The Company's fleet comprises of two Panamax bulk carriers and one Handysize vessel with an aggregate carrying capacity of 171,941 Dwt. In October 2006 the Company announced that it has entered into a purchase agreement to acquire two further vessels, a Capesize bulk carrier and a Handymax bulk carrier, with an aggregate carrying capacity 195,801 Dwt.
Drybulk ships carry cargo that is shipped in large volumes and can be easily stowed in a single hold including iron ore, coal and grain.
GO Carriers was formed and listed on the AIM market in 2005 its stock code is GOC.L