Seanergy Maritime Issues Investor Presentation Highlighting Value Creation Strategy

Rhea-AI Summary

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) has released an investor presentation ahead of its 2024 Annual Meeting of Shareholders on November 4, 2024. The presentation, available at www.VoteSeanergy.com and on the company's website, highlights Seanergy's value creation strategy. The Board of Directors unanimously recommends shareholders vote on the WHITE proxy card "FOR" Seanergy's nominees and "AGAINST" proposals made by Economou.

The company encourages shareholders to disregard any proxy materials received from Economou. For assistance with voting, shareholders can contact MacKenzie Partners, Seanergy's proxy solicitor, via phone or email. The Board emphasizes its commitment to overseeing a strategy that delivers value for all shareholders.

Positive

• Board unanimously supports the company's value creation strategy
• Company has taken proactive steps to communicate with shareholders through investor presentation

Negative

• Presence of opposing proposals from Economou suggests potential shareholder dissatisfaction or conflict

Company’s Highly Qualified and Independent Board is Overseeing Strategy that is Delivering Value for All Shareholders

Encourages Shareholders to Vote the WHITE Proxy Card “FOR” Seanergy’s Director Nominees and “AGAINST” Economou’s Proposals

ATHENS, Greece, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) today announced that it has published an investor presentation in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on November 4, 2024.

The presentation, as well as additional information and resources for shareholders about Seanergy’s value creation strategy and how to vote at the 2024 Annual Meeting, is available at www.VoteSeanergy.com and on the Company’s website in the Webcast & Presentations section under our Investor Relations page.

The Seanergy Board of Directors continues to unanimously recommend that shareholders vote on the WHITE proxy card “FOR” Seanergy’s nominees and “AGAINST” the proposals made by Economou, and discard any other proxy card shareholders may receive from Economou.

If you have any questions or require any assistance with voting your shares, please contact our proxy solicitor, MacKenzie Partners, at U.S. & Canada Toll-Free: +1-800-322-2885 Greece Toll-Free: +1-800-000-0260 Elsewhere Call Collect (Toll): +1-212-929-5500 Or Email: Seanergy@MacKenziePartners.com You may receive solicitation materials from Economou. The Board unanimously recommends shareholders disregard and do not return any proxy materials from Economou.

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize shipping company publicly listed in the U.S. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. The Company’s operating fleet consists of 19 vessels (1 Newcastlemax and 18 Capesize) with an average age of approximately 13.4 years and an aggregate cargo carrying capacity of approximately 3,417,608 dwt.

The Company is incorporated in the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “SHIP”.

Please visit our Company website at: www.seanergymaritime.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including with respect to the declaration of dividends, market trends and shareholder returns. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, impacts of litigation, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; broader market impacts arising from trade disputes or war (or threatened war) or international hostilities, such as between Israel and Hamas or Iran and between Russia and Ukraine; risks associated with the length and severity of pandemics (including COVID-19), including their effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Investors
Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr

Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1536
New York, NY 10169
Tel: +1 212-661-7566
Email: seanergy@capitallink.com

Media
Joele Frank, Wilkinson Brimmer Katcher
Aaron Palash / Maggie Carangelo / Spencer Hoffman
Tel: +1 212-355-4449
Email: Seanergy-Media@joelefrank.com

FAQ

When is Seanergy Maritime's 2024 Annual Meeting of Shareholders?

Seanergy Maritime's 2024 Annual Meeting of Shareholders is scheduled for November 4, 2024.

What does Seanergy Maritime (SHIP) recommend shareholders vote for at the 2024 Annual Meeting?

Seanergy Maritime recommends shareholders vote on the WHITE proxy card 'FOR' Seanergy's nominees and 'AGAINST' the proposals made by Economou.

Where can shareholders find Seanergy Maritime's investor presentation?

Shareholders can find Seanergy Maritime's investor presentation at www.VoteSeanergy.com and on the company's website in the Webcast & Presentations section under the Investor Relations page.

How can shareholders get assistance with voting their SHIP shares?

Shareholders can contact MacKenzie Partners, Seanergy's proxy solicitor, for assistance with voting their shares. Contact details are provided in the press release.