Greece – October 15, 2024 – Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) today issued the following statement regarding the attempt by Economou, through his entity Sphinx
Investment Corp., to delay Seanergy’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”) by filing a motion for a temporary restraining order and preliminary injunction in the High Court of the Republic of the Marshall Islands:
We believe Economou’s last minute attempt to delay our regularly scheduled annual meeting is simply another step to advance his self-interested attempt to gain effective control over the Company’s Board and its corporate
strategy.
We are reviewing the motion from Economou and will address it through the Court process. In the meantime, we intend to move forward as planned with holding our 2024 Annual Meeting, which remains scheduled for November 4,
2024, in compliance with our bylaws and Nasdaq listing requirements.
Shareholders of record as of the close of business on September 19, 2024, are entitled to vote at the 2024 Annual Meeting.
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. Additional information and resources for shareholders regarding Seanergy’s
value creation strategy and how to vote at the 2024 Annual Meeting is available at www.VoteSeanergy.com.
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
upcoming annual meeting, 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.
