TEN, Ltd. Holds its Twenty-Nine Annual General Meeting

Rhea-AI Summary

On June 17, 2022, Tsakos Energy Navigation (TNP) held its General Annual Meeting of Shareholders in Athens. The meeting achieved a quorum, and all proposed resolutions were approved with over 91.67% of votes in favor. TEN, operational since 1993, boasts a fleet of 70 double-hull vessels, including four dual-fuel LNG-powered vessels under construction, totaling 7.9 million dwt. The company continues to establish itself as a leading operator in the crude, product, and LNG tanker sector.

ATHENS, Greece, June 27, 2022 (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 17, 2022 pursuant to a Notice of Annual Meeting of Shareholders dated May 6, 2022 (“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 91.67% or higher of the votes cast.

ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 29 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 70 double-hull vessels including four dual-fuel LNG powered aframax vessels under construction, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 7.9 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
COO
+30210 94 07 710
gsaroglou@tenn.gr

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

FAQ

What happened at the Tsakos Energy Navigation Annual Meeting on June 17, 2022?

The Annual Meeting of Shareholders was held where all proposed resolutions were approved with over 91.67% of votes.

What is the current fleet size of Tsakos Energy Navigation?

Tsakos Energy Navigation operates a fleet of 70 double-hull vessels, including four dual-fuel LNG powered vessels under construction.

What is the significance of the resolutions passed at the TEN Annual Meeting?

The resolutions passed reflect strong shareholder support and governance practices at TEN.

How long has Tsakos Energy Navigation been in operation?

Tsakos Energy Navigation has been in operation since 1993, marking 29 years as a public company.

Is there any financial information provided in the press release about TEN?

The press release did not include specific financial metrics or performance data.