Annual Report
News Archive 2006
Directorate Change and Business Review28 June 2006
Following recent changes to the Board of Directors as announced on the 12th and 22nd of June 2006, the Company announces that with immediate effect Nicolas Pappadakis has been appointed non-executive Chairman of the Company, Michael Tartsinis has been appointed Chief Executive Officer, and Antonios Nikolaou has been appointed executive Director.
As intimated at the time of calling the Extraordinary General Meeting the Board committed to report back to shareholders on the various development proposals that had been received by the Company.
In view of the major changes that have taken place, both in the composition of the Board and in share ownership, it has been decided to let these proposals lapse and allow the new Board the opportunity to review and develop expansion plans over the weeks ahead. The Board and the new shareholders are keen to see the business develop, but require appropriate time to consider the best route for implementing growth.
For further information:
| Global Oceanic Carriers Limited | |
| Michael Tartsinis, Chief Executive Officer | Tel: 00 30 210 898 6362 |
| www.gocarriers.com | |
| Collins Stewart | |
| Tim Mickley, Corporate Finance | Tel: +44 (0) 20 7523 8313 |
| tmickley@collins-stewart.com | www.cstplc.com |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham | Tel: +44 (0) 20 7398 7700 |
| henry.ht@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 Piraeus, 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. 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