Global Ship Lease Announces Annual Meeting of Shareholders

Rhea-AI Summary

Global Ship Lease (NYSE:GSL) has announced its Annual Meeting of Shareholders, set for September 27, 2022, at 11:00 a.m. ET. The record date for eligible shareholders is August 2, 2022. Key agenda items include electing two Term II Directors until the 2025 Annual Meeting and ratifying the appointment of PricewaterhouseCoopers S.A. as its independent accounting firm for the fiscal year ending December 31, 2022. The company owns 65 containerships with an aggregate capacity of 342,348 TEU and has contracted revenue of $1.91 billion, with a 2.6-year average remaining charter term.

Positive

• Scheduled Annual Meeting for September 27, 2022, clarifying governance activities.
• Contracted revenue of $1.91 billion indicates strong financial health.
• Average remaining charter term of 2.6 years on a TEU-weighted basis supports revenue stability.

Negative

• None.

LONDON, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) has scheduled its Annual Meeting of Shareholders for September 27, 2022, at 11:00 a.m. Eastern Time (the “Annual Meeting”). The record date for determining shareholders entitled to participate at the Annual Meeting is August 2, 2022. The business of the Annual Meeting is to elect two Term II Directors to serve until the 2025 Annual Meeting of Shareholders and to ratify the appointment of PricewaterhouseCoopers S.A., as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. Annual Meeting documentation and instructions for voting were mailed to all shareholders of record on or about August 18, 2022, and will be furnished to the U.S. Securities and Exchange Commission (the “Commission”) and available on the Commission’s website at www.sec.gov.

About Global Ship Lease

Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. It was listed on the New York Stock Exchange in August 2008.

As at August 3, 2022, Global Ship Lease owned 65 containerships, ranging from 1,118 to 11,040 TEU, with an aggregate capacity of 342,348 TEU. 32 ships are wide-beam Post-Panamax.

Adjusted to include all charters agreed, up to August 3, 2022, the average remaining term of the Company’s charters as at June 30, 2022, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.6 years on a TEU-weighted basis. Contracted revenue on the same basis was $1.91 billion. Contracted revenue was $2.14 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 3.1 years.

Investor and Media Contact:
The IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438

FAQ

When is the Global Ship Lease Annual Meeting of Shareholders scheduled for 2022?

The Annual Meeting of Shareholders is scheduled for September 27, 2022, at 11:00 a.m. ET.

What is the record date for Global Ship Lease's Annual Meeting of Shareholders?

The record date is August 2, 2022, for shareholders entitled to participate.

What are the key agenda items for the Global Ship Lease Annual Meeting?

The agenda includes electing two Term II Directors and ratifying PricewaterhouseCoopers S.A. as the independent accounting firm.

How many containerships does Global Ship Lease own as of August 3, 2022?

As of August 3, 2022, Global Ship Lease owns 65 containerships.

What is the total capacity of Global Ship Lease's fleet?

The total capacity of Global Ship Lease's fleet is 342,348 TEU.

What is the contracted revenue reported by Global Ship Lease?

Global Ship Lease reports contracted revenue of $1.91 billion.