TEN, Ltd. Holds its Thirty First Annual General Meeting

Rhea-AI Summary

TEN, a leader in the tanker industry, successfully held its 31st Annual General Meeting on June 14, 2024, in Athens. During the meeting, all proposed resolutions were approved with at least 89.27% of votes cast in favor, demonstrating strong shareholder support. The meeting was well-attended, fulfilling the quorum requirement.

Positive

• All proposed resolutions received at least 89.27% approval from shareholders, indicating robust support.
• The meeting achieved quorum, reflecting good shareholder engagement.

Negative

• None.

ATHENS, Greece, June 21, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading crude, product, and LNG tanker operator, announced today that the Company’s General Annual Meeting of Shareholders was duly held in Athens on June 14, 2024 pursuant to a Notice of Annual Meeting of Shareholders dated May 3, 2024 (“the Notice”). At the meeting which was conducted with a quorum of its common shares represented in person or by proxy, all of the resolutions proposed were approved by at least 89,27% or higher of the votes cast.

ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 31-years as a public company, is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 74 vessels, including three DP2 shuttle tankers, two scrubber-fitted suezmax vessels, two scrubber-fitted MR product tankers and five scrubber-fitted LR1 tankers under construction, consisting of a mix of crude tankers, product tankers and LNG carries, totaling over 9.0 million dwt.

ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward- looking statements. TEN undertakes no obligation to publicly update any forward- looking statement, whether as a result of new information, future events, or otherwise.

For further information, please contact:

Company
Tsakos Energy Navigation Ltd.
George Saroglou
President & COO
+30210 94 07 710
gsarouglou@tenn.gr

Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Markella Kara
+212 661 7566
ten@capitallink.com

FAQ

When was TEN's 31st Annual General Meeting held?

TEN's 31st Annual General Meeting was held on June 14, 2024.

What percentage of votes approved the resolutions at TEN's 31st Annual General Meeting?

All resolutions were approved by at least 89.27% of the votes cast.

Did TEN's 31st Annual General Meeting meet the quorum requirement?

Yes, the meeting met the quorum requirement with common shares represented in person or by proxy.