Diana Shipping seeks to elect independent directors at Genco’s 2026 annual meeting to push a USD 23.5 per-share acquisition proposal

Reuters03-20

Diana Shipping seeks to elect independent directors at Genco’s 2026 annual meeting to push a USD 23.5 per-share acquisition proposal

Diana Shipping said it will proceed with a proxy contest to elect a slate of independent director nominees to the Genco board at the 2026 annual meeting.
Semiramis Paliou said Diana holds about 14.8% of Genco shares and submitted an increased all-cash offer of USD 23.50 per share to acquire the remaining shares.
Ioannis G. Zafirakis and other Diana participants said they expect to seek shareholder support for proposals to repeal certain Genco by-laws and to have the board conduct a process to explore strategic alternatives.

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 on March 20, 2026, and is solely responsible for the information contained therein.

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