Globus Maritime Limited Announces Agreements to Purchase Two Vessels
October 24 2024 - 3:05PM
Globus Maritime Limited (the “
Company” or
“
Globus”) (NASDAQ: GLBS) announced today that it
has signed, through two separate wholly owned subsidiaries,
memoranda of agreement to acquire two Kamsarmax scrubber outfitted
dry bulk vessels (the “
Vessels”). One of the
Vessels is a 2016-built dry bulk vessel with a carrying capacity of
approximately 81,119 dwt and has a purchase price of $27.5 million,
and the other Vessel is a 2014-built dry bulk vessel with a
carrying capacity of approximately 81,817 dwt and has a purchase
price of $26.5 million, in each case subject to standard
adjustments. An aggregate of $18.0 million of the purchase price
for the 2016-built Vessel will be paid upon its delivery (including
the deposit), and the remaining balance is to be paid in one lump
sum without interest no later than one year after the date of the
relevant memorandum of agreement. An aggregate of $17.0
million of the purchase price for the 2014-built Vessel will be
paid upon its delivery (including the deposit), and the remaining
balance is to be paid in one lump sum without interest no later
than one year after the date of the relevant memorandum of
agreement.
Each Vessel is owned and agreed to be sold by an
entity controlled by the Chairman of the Board of Directors and to
which the Chief Executive Officer is also related, and accordingly
the purchase of each Vessel was approved by a committee of the
Board of Directors of the Company comprised solely of independent
directors, as well as unanimously by the Company’s Board of
Directors.
Each Vessel is expected to be delivered to the
Company during the fourth quarter of 2024 and is subject to
standard closing conditions and requirements. It is expected that
the portion of the purchase price to be paid at the delivery will
be funded entirely with cash on hand. The purchase price of each
Vessel was based on independent third-party broker valuations.
Following the successful delivery of both
vessels the Company’s fleet will comprise of ten dry bulk carriers
with a total carrying capacity of approximately 734,249 dwt.
About Globus Maritime
Limited
Globus is an integrated dry bulk shipping
company that provides marine transportation services worldwide and
presently owns (or charters through finance leases), operates and
manages a fleet of dry bulk vessels that transport iron ore, coal,
grain, steel products, cement, alumina and other dry bulk cargoes
internationally. Globus’ subsidiaries own or charter in and operate
eight vessels (not including the Vessels), with a total carrying
capacity of 571,313 dwt and a weighted average age of 7.2 years as
of October 24, 2024.
Safe Harbor Statement
This 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 files from time to time with the Securities and
Exchange Commission.
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For further information please contact: |
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Globus Maritime Limited +30 210 960 8300 |
Capital Link – New York +1 212 661 7566 |
Athanasios Feidakis, CEO |
Nicolas Bornozis globus@capitallink.com |
a.g.feidakis@globusmaritime.gr |
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