Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has successfully placed 12,000,000 new shares of common stock to selected investors who participated in the accelerated bookbuilding process conducted by Piraeus Bank S.A., DNB Carnegie, a part of DNB Bank ASA, and Fearnley Securities AS (collectively, the “Managers“), as managers in the Private Placement. Based on the results of the accelerated bookbuilding process, the Company, in consultation with the Managers, decided to accept offers for 12,000,000 Offer Shares, and set the offering price for the Offer Shares at €6.70 per Offer Share (the “Offer Price”). As a result, the total gross proceeds raised amount to €80,400,000.
Mr. Polys Hajioannou, Chief Executive Officer and the largest shareholder of the Company, has been allocated 1,500,000 Offer Shares, scaled-back from 2,000,000 Offer Shares of his initial subscription, to facilitate allocations to other high-quality investors.
The Offer Shares will be delivered through Euronext Securities Athens. Settlement is expected to take place on 11 September 2026. The Offer Shares will be listed on Euronext Athens and the New York Stock Exchange. The Offer Shares are expected to be available for trading on Euronext Athens on 14 September 2026. The exact date on which the Offer Shares will be credited to the securities accounts of the beneficiaries and the date of commencement of their trading on Euronext Athens will be announced via a subsequent announcement by the Company.