Brief: OceanPal Announces Entry Into Support Agreement With Sphinx Investment Corp

OceanPal

17/05/2024 12:44

May 17 (Reuters) - Oceanpal Inc  OP.O :
    * OCEANPAL INC. ANNOUNCES ENTRY INTO SUPPORT AGREEMENT WITH
SPHINX
INVESTMENT CORP.; SPHINX TERMINATES ITS PROXY CONTEST AND ENTERS
INTO VOTING COMMITMENT; MR. ECONOMOU EXPECTED TO BE MADE
AVAILABLE TO PROVIDE STRATEGIC ADVICE
    * OCEANPAL INC - SPHINX TO SUPPORT OCEANPAL'S BOARD THROUGH
2029
    * OCEANPAL-SPHINX AGREED TO CEASE EFFORTS WITH RESPECT TO
ELECTION
OF DIRECTORS, PASSAGE OF SHAREHOLDER PROPOSALS AT 2024 ANNUAL
MEETING OF STOCKHOLDERS
    * SPHINX OWNS 14.1% OF OCEANPAL COMMON STOCK
    * GEORGE ECONOMOU TO PROVIDE STRATEGIC ADVICE TO OCEANPAL

Source text for Eikon:  ID:nGNX6RGv7R 
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