Diana Shipping urges Genco shareholders to back board overhaul ahead of annual meeting

Genco Shipping & Trading
Diana Shipping

Genco Shipping & Trading

GNK

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Diana Shipping

DSX

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  • Genco board set new limits on its shareholder rights plan as it fends off Diana Shipping’s takeover campaign ahead of the annual meeting vote.
  • Board committed to review the rights plan regularly, cap any post-approval extension at 12 months, re-submit it for a 2027 vote if still active.
  • Shareholders urged to vote FOR continuing the rights agreement on the white proxy card.
  • Board urged votes FOR its six director nominees, WITHHOLD on Diana’s nominees, vote AGAINST Diana’s proposals.
  • Board urged shareholders to reject Diana’s USD 24.8 tender offer by not tendering shares.


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