Safe Bulkers Lists 101.8M Shares on Euronext Athens to Expand Investor Base
SB•Safe Bulkers listed all 101,826,580 dematerialized common shares on Euronext Athens under ticker SB with ISIN MHY7388L1039 while maintaining its primary NYSE listing. The company expects the Athens Main Market move to broaden and diversify its institutional and retail maritime investor base across Europe.
1. Dual Listing Details
Safe Bulkers commenced trading all 101,826,580 dematerialized, registered voting common shares on the Main Market of Euronext Athens under ticker SB and ISIN MHY7388L1039. The company’s common stock remains primarily listed on the New York Stock Exchange alongside its series C and series D preferred shares.
2. Strategic Rationale
By tapping into Athens’s status as a leading global maritime centre, Safe Bulkers aims to broaden and diversify its shareholder base, targeting both institutional and retail investors interested in marine drybulk transportation services. The move is designed to boost visibility among European maritime, banking and institutional investment communities.
3. Advisory and Counsel
Piraeus Bank S.A. served as listing advisor for the Athens transaction, while Potamitis Vekris Law Firm provided Greek legal counsel and White & Case LLP acted as global legal counsel on the dual listing process.
