Genco urges holders to back board, reject Diana nominees at annual meeting amid USD 24.8 bid fight

Genco Shipping & Trading Ltd
Diana Shipping Inc.

Genco Shipping & Trading Ltd

GNK

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Diana Shipping Inc.

DSX

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  • Genco urged shareholders to back its full director slate on the white proxy card ahead of its annual meeting.
  • Campaign targets Diana Shipping’s effort to elect two nominees, with Genco calling them conflicted and value-destructive.
  • ISS, Glass Lewis, and Egan-Jones recommended shareholders support Genco’s directors, rejecting board change.
  • Genco also pushed shareholders to extend its shareholder rights plan to block a “creeping takeover” risk.
  • Board urged investors to reject Diana’s USD 24.8 per share tender offer by not tendering shares.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606101214PRIMZONEFULLFEED9734982) on June 10, 2026, and is solely responsible for the information contained therein.