Safe Bulkers Clears Dual Listing Requirements for Euronext Athens Debut
SB•Safe Bulkers’ common shares (ISIN MHY7388L1039) met all requirements for a dual listing on the Main Market of Euronext Athens following committee approval. The company will announce its trading commencement date once the Hellenic Capital Markets Commission approves the prospectus.
1. Dual Listing Approval
Safe Bulkers’ Listings and Market Operations Committee confirmed that all requirements for a dual listing of its common stock (ISIN MHY7388L1039) on the Main Market of Euronext Athens have been satisfied.
2. Pending Prospectus Clearance
The company expects to announce the date trading will commence after the Hellenic Capital Markets Commission grants approval of the prospectus under Greek Law 3371/2005.
3. Listing Advisors
Piraeus Bank S.A. is serving as listing advisor, with Potamitis Vekris Law Firm as Greek legal counsel and White & Case LLP as global legal counsel.
4. Company Background
Safe Bulkers is an international provider of marine drybulk transportation services for cargoes such as coal, grain and iron ore and currently trades its common and preferred shares on the NYSE.
