Star bulk announces the repurchase of 10 million of its common shares

Athens, greece, sept. 22, 2023 (globe newswire) -- star bulk carriers corp. (the “company” or “star bulk”) (nasdaq: sblk), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that it entered into a repurchase agreement (the “repurchase agreement”) with ocm xl holdings, lp, a limited partnership incorporated in the cayman islands (the “seller”), pursuant to which the company agreed to purchase 10 million of its common shares (“purchased shares”) from the seller at a price per common share of $18.50 (such price, the “purchase price” and, such transaction, the “share repurchase”). the share repurchase was approved unanimously by all the disinterested members of the company's board of directors.
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