Star Bulk Carriers announces acquisition of own shares
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, today announced that, pursuant to the Company’s previously announced share repurchase program,the Company purchased on August 9th10,336 of its common shares in open market transactions at an average price of $9.0000 for aggregate consideration of $93,024.
The Company shall cancel all the common shares it has repurchased.On November 29, 2018, theCompany announced a share repurchase program to purchase up to an aggregate of $50.0 million of the Company’s common shares. The timing and amount of any repurchaseswill be in the sole discretion of the Company’s management team, and will depend on legalrequirements, market conditions, stock price, alternative uses of capital and other factors.
About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens,Oslo, New York, Cyprusand Geneva. On a fully delivered basis, Star Bulk will have a fleet of 118vessels, with an aggregate capacity of 13.00million dwt, consisting of 17 Newcastlemax, 19Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax and 19Supramax vessels with carrying capacities between 52,055 dwt and 209,537 dwt.