ATHENS, GREECE--(Marketwire - December 2, 2010) - Globus Maritime Limited ("Globus Maritime" or the "Company"), (
This is the first quarterly cash dividend declared by the Company's Board of Directors since the listing of its common stock on the Nasdaq Global Market on November 24, 2010. Prior to listing on the Nasdaq Global Market, the Company's shares traded on the Alternative Investment Market of the London Stock Exchange.
George Karageorgiou, Chief Executive Officer of Globus Maritime, commented, "We are delighted to announce our first quarterly dividend since we commenced trading on the NASDAQ Global Market. The $0.16 per share dividend we declared for the third quarter 2010 is in line with our commitment of enhancing shareholder value while maintaining an appropriate level of cash on our balance sheet for future fleet growth."
About Globus Maritime Limited
Globus is a global provider of seaborne transportation services for dry bulk cargoes, including among others iron ire, coal, grain, cement and fertilizers, along worldwide shipping routes. Globus' subsidiaries own and operate three Supramax, one Panamax, and one Kamsarmax vessels, with a weighted average age of 3.7 years as at September 30, 2010, and a total carrying capacity of 319,913 DWT.
Safe Harbor Statement
This communication contains forward-looking statements. Forward-looking statements provide Globus Maritime's current expectations or forecasts of future events. Forward-looking statements include statements about Globus Maritime's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "will" or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and Globus Maritime cannot assure you that these projections included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors.
The risks and uncertainties include, but are not limited to:
Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Globus Maritime's actual results could differ materially from those anticipated in forward-looking statements for many reasons specifically as described in Globus Maritime's filings with regulatory authorities. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Globus Maritime undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication or to reflect the occurrence of unanticipated events. You should, however, review the factors and risks Globus Maritime describes in the reports it will file from time to time with regulatory authorities after the date of this communication.
Contact Information:
For further information please contact:
Globus Maritime Limited
Elias Deftereos, CFO
+30 210 960 8300
deftereos@globusmaritime.gr
Capital Link -- New York
Ramnique Grewal
+1 212 661 7566
globus@capitallink.com