STAR BULK PROVIDES DETAILS ON THE DELISTING PROCESS FROM OSLO BØRS, DEREGISTRATION

FROM THE VPS AND CONTINUED TRADING ON NASDAQ UNDER THE SYMBOL "SBLK"

ATHENS, GREECE, June 18, 2020 - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK, Oslo: SBLK), refers to the press release of June 4, 2020 announcing the delisting of the Company's common shares from the Oslo Børs ("OSE"). The last day of trading on the Oslo Børs will be July 31, 2020 and the delisting will take effect as from August 3, 2020. The Company's common shares will continue to trade on the Nasdaq Global Select Market ("Nasdaq") under the symbol "SBLK".

As a result of the delisting from OSE, the Company will also terminate the registration of its common shares with the Norwegian Central Securities Depository ("VPS"). The termination will take effect following a transitional period, of approximately nine months, from the time of delisting (the "Transitional Period"). Star Bulk shareholders that currently have their shares registered in the VPS, whether individuals, entities, brokers or custodians, may elect to transfer their shareholdings to the United States prior to the expiration of the Transitional Period, to facilitate trading on Nasdaq. Such shareholdings may be held through a U.S. broker dealer or recorded directly in the shareholder's name on the Company's share register maintained by the Company's transfer agent, American Stock Transfer and Trust Company ("AST"). In order to complete this transfer, shareholders should contact their broker or custodian directly.

Any Star Bulk shareholders who still have shares registered in the VPS, as of 3 August 2020, will receive a letter with further information on the deregistration of the Company's shares from the VPS.

Shares that have not been transferred (as described above) prior to the expiration of the Transitional Period, will be automatically removed from the VPS, on or about April 30, 2021, and be recorded in book entry form directly in the shareholder's name (as per the VPS listed information) on the Company's share register maintained by AST. A statement, relating to each such shareholder's account, will be generated and mailed by AST. Additional information may be required from AST.

All shareholders currently holding the Company's shares through the VPS are encouraged to contact their broker or custodian to transfer their common shares, to be held through a U.S. broker dealer or AST, as soon as possible and prior to the expiration of the Transitional Period and the termination of the Company's VPS register.

About Star Bulk

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk's vessels transport major bulks, which include iron ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Oslo, New York, Cyprus and Singapore. Its common stock trades on the Nasdaq Global Select Market and Oslo Stock Exchange (until July 31st, 2020) under the symbol "SBLK". Star Bulk operates a fleet of 116 vessels, with an aggregate capacity of 12.9 million dwt, consisting of 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax and 17 Supramax vessels with carrying capacities between 52,425 dwt and 209,537 dwt.

Forward-Looking Statements

Matters discussed in this press release may constitute forward looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Company's management of historical operating trends, data contained in its records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk shipping market conditions, including fluctuations in charterhire rates and vessel values; the strength of world economies; the stability of Europe and the Euro; fluctuations in interest rates and foreign exchange rates; changes in demand in the dry bulk shipping industry, including the market for our vessels; changes in our operating expenses, including bunker prices, dry docking and insurance costs; changes in governmental rules and regulations or actions taken by regulatory authorities; potential liability from pending or future litigation; general domestic and international political conditions; potential disruption of shipping routes due to accidents or political events; the availability of financing and refinancing; our ability to meet requirements for additional capital and financing to complete our newbuilding program and grow our business; the impact of the level of our indebtedness and the restrictions in our debt agreements; vessel breakdowns and instances of off‐hire; risks associated with vessel construction; potential exposure or loss from investment in derivative instruments; potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.

Contacts

Company:

Simos Spyrou, Christos Begleris

Investor Relations / Financial Media:

Co ‐ Chief Financial Officers

Nicolas Bornozis

Star Bulk Carriers Corp.

President

c/o Star Bulk Management Inc.

Capital Link, Inc.

40 Ag. Konstantinou Av.

230 Park Avenue, Suite 1536

Maroussi 15124

New York, NY 10169

Athens, Greece

Tel. (212) 661‐7566

Email:info@starbulk.com

E‐mail:starbulk@capitallink.com

www.starbulk.com

www.capitallink.com

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Star Bulk Carriers Corporation published this content on 18 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2020 12:46:03 UTC