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Greek shipping magnate George Economou’s attempt to delay the upcoming annual shareholders meeting at fellow capesize bulker specialist Seanergy Maritime has gone without success. Nasdaq-listed Seanergy said the Marshall Islands High Court dismissed a lawsuit filed by Economou via his investment vehicle Sphinx for a temporary restraining order and preliminary injunction to halt the shareholders’ vote this November and block the company’s CEO Stamatis Tsantanis’ voting power. Sphinx earlier this month complained that the shareholder meeting was set before the High Court was scheduled to hold a hearing in Economou’s lawsuit against Seanergy, which, amongst other things, seeks to invalidate the shares that Tsantanis currently holds. “Holding the 2024 annual meeting at such time under such circumstances renders it legally impossible for anyone other than the issuer’s board nominees to win the election and will suppress the turnout of the non-insider stockholders at the 2024 annual meeting,” Sphinx claimed earlier, suggesting that the meeting should be held 60 days after the case against Seanergy is closed. Athens-based Seanergy said it will press ahead with its annual meeting scheduled for November 4 and reiterated its recommendation for shareholders to vote in favour of its nominees and against the proposals made by Economou. The Greek shipowner has about 9% stake in Seanergy and is proposing John Liveris and Georgios Kokkodis to join the company’s board. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsGreece
George Economou fails in bid to delay Seanergy boardroom vote
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