Diana shipping inc. announces increase in tender offer price for its shares of common stock and extension of expiration date

Athens, greece, jan. 13, 2021 (globe newswire) -- diana shipping inc. (nyse: dsx) (the "company"), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it is amending the terms of its previously announced cash tender offer (the “tender offer”) to purchase up to 6,000,000 shares of its outstanding common stock to increase the price at which it will purchase shares of common stock to $2.50 per share from $2.00 per share. the closing price of the company's common shares on january 12, 2021, the last full trading day prior to the company's announcement of its intention to increase the purchase price for the shares, was $2.35 per share. the closing price of the company's common shares on december 14, 2020, the last full trading day prior to the commencement of the tender offer, was $1.80. the number of common shares that the company is offering to purchase remains unchanged at 6,000,000 shares, and the maximum aggregate size of the offering will increase from $12.0 million to $15.0 million.
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