Seanergy Maritime, Shareholders Special Meeting

Thursday, January 06, 2011

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP; SHIP.W) announced the results of the special meeting of its shareholders held on January 4, 2011 at the company’s executive offices. At the meeting the following proposal was approved and adopted: a reverse stock split of the company’s issued and outstanding common stock by a ratio of not less than one-for-two and not more than one-for-fifteen with the exact ratio to be set at a whole number within this range to be determined by the company’s board of directors in its discretion and the related amendment to the company’s Amended and Restated Articles of Incorporation. Following the shareholders' approval, the board of directors has the authority, but not the obligation, to select one of the approved reverse stock split ratios within the range and to effect the reverse stock split at any time. The reverse stock split will be affected, if at all, in order for the company to create the greatest marketability of its shares based on prevailing market conditions at the time.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brexit will Affect Maritime Talent

The UK’s decision to leave the EU has the potential to drive many of its maritime employees away, according to the results of a survey issued by Faststream, a recruitment specialist in Maritime jobs.

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0852 sec (12 req/sec)