On December 13, 2024, the Board of Directors cancelled the existing $50M share repurchase program and authorized a new share repurchase program of up to an aggregate of $100.M under the same conditions applying as per the previous share repurchase program. Pursuant to the New Share Repurchase Program and using proceeds from previous vessel sales, the Company bought back 293,474 shares at an average price of $15.5. The repurchased shares will be withdrawn and cancelled, leaving the total number of shares issued and outstanding post cancellation at 117,730,112.
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