Costamare Inc. Announces Completion of the Costamare Bulkers Holdings Limited Spin-Off
Costamare Inc. (NYSE:CMRE) has successfully completed the spin-off of its dry bulk business into a new standalone public company, Costamare Bulkers Holdings Limited (NYSE:CMDB). Shareholders received one CMDB common share for every five CMRE common shares held as of April 29, 2025. The spin-off transforms Costamare Inc. into a primarily global container shipping provider, while maintaining its stake in Neptune Maritime Leasing. CMDB shares begin trading on the NYSE on May 7, 2025, while CMRE continues trading under its existing symbol.
Costamare Inc. (NYSE:CMRE) ha completato con successo la scissione della sua attività di trasporto bulk secco in una nuova società pubblica indipendente, Costamare Bulkers Holdings Limited (NYSE:CMDB). Gli azionisti hanno ricevuto una azione ordinaria CMDB per ogni cinque azioni ordinarie CMRE possedute al 29 aprile 2025. La scissione trasforma Costamare Inc. in un fornitore globale principalmente specializzato nel trasporto container, mantenendo al contempo la sua partecipazione in Neptune Maritime Leasing. Le azioni CMDB inizieranno a essere negoziate alla NYSE il 7 maggio 2025, mentre CMRE continuerà a essere quotata con il simbolo attuale.
Costamare Inc. (NYSE:CMRE) ha completado con éxito la escisión de su negocio de carga seca a granel en una nueva empresa pública independiente, Costamare Bulkers Holdings Limited (NYSE:CMDB). Los accionistas recibieron una acción ordinaria de CMDB por cada cinco acciones ordinarias de CMRE que poseían al 29 de abril de 2025. La escisión convierte a Costamare Inc. en un proveedor global principalmente enfocado en el transporte de contenedores, manteniendo su participación en Neptune Maritime Leasing. Las acciones de CMDB comenzarán a cotizar en la NYSE el 7 de mayo de 2025, mientras que CMRE continuará cotizando bajo su símbolo actual.
Costamare Inc. (NYSE:CMRE)는 건화물 사업을 새로운 독립 상장회사인 Costamare Bulkers Holdings Limited (NYSE:CMDB)로 성공적으로 분할 완료했습니다. 주주들은 2025년 4월 29일 기준으로 보유한 CMRE 보통주 5주당 CMDB 보통주 1주를 받았습니다. 이번 분할로 Costamare Inc.는 주로 글로벌 컨테이너 운송업체로 전환되며, Neptune Maritime Leasing에 대한 지분은 유지합니다. CMDB 주식은 2025년 5월 7일부터 NYSE에서 거래를 시작하며, CMRE는 기존 심볼로 계속 거래됩니다.
Costamare Inc. (NYSE:CMRE) a réussi la scission de son activité de transport de vrac sec en une nouvelle société publique indépendante, Costamare Bulkers Holdings Limited (NYSE:CMDB). Les actionnaires ont reçu une action ordinaire CMDB pour cinq actions ordinaires CMRE détenues au 29 avril 2025. Cette scission transforme Costamare Inc. en un fournisseur mondial principalement spécialisé dans le transport de conteneurs, tout en conservant sa participation dans Neptune Maritime Leasing. Les actions CMDB seront cotées à la NYSE à partir du 7 mai 2025, tandis que CMRE continuera à être négociée sous son symbole actuel.
Costamare Inc. (NYSE:CMRE) hat die Abspaltung seines Trockenmassengutgeschäfts in ein neues eigenständiges börsennotiertes Unternehmen, Costamare Bulkers Holdings Limited (NYSE:CMDB), erfolgreich abgeschlossen. Aktionäre erhielten für jeweils fünf gehaltene CMRE-Stammaktien eine CMDB-Stammaktie zum Stichtag 29. April 2025. Durch die Abspaltung wird Costamare Inc. hauptsächlich zu einem globalen Anbieter von Containertransporten, behält jedoch seine Beteiligung an Neptune Maritime Leasing. Die CMDB-Aktien werden ab dem 7. Mai 2025 an der NYSE gehandelt, während CMRE unter dem bisherigen Symbol weitergeführt wird.
- Strategic focus on core container shipping business through business separation
- Creation of shareholder value through distribution of new shares in CMDB
- Maintained presence in Neptune Maritime Leasing diversifies revenue streams
- Reduction in business diversification after separation of dry bulk operations
- Potential loss of synergies between container and dry bulk operations
MONACO , May 07, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”) announced today that it has completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). Each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the close of business on April 29, 2025.
The successful execution of the Costamare Bulkers spin-off transforms Costamare Inc. into a predominantly global container shipping provider, while still maintaining its presence in Neptune Maritime Leasing.
Costamare Bulkers shares will be listed and commence trading today on the NYSE under the ticker symbol “CMDB” from 9:30 a.m., New York City time. Costamare Inc. will continue to trade on the NYSE under the ticker symbol “CMRE.”
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and providers of containerships for charter. The Company has 51 years of history in the international shipping industry and a fleet of 68 owned containerships, with a total capacity of approximately 513,000 TEU. The Company also participates in a leasing business. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C” and “CMRE PR D”, respectively.
Forward-Looking Statements
This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could” and “expect” and similar expressions, or by express or implied discussions regarding the spin-off of Costamare Bulkers, regarding whether the spin-off is in the best interests of shareholders, regarding the future commercial performance of Costamare Inc., or regarding any potential strategic benefits, synergies or opportunities as a result of these actions. You should not place undue reliance on these statements. These statements are not historical facts but instead represent only the Company’s beliefs regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. There can be no guarantee that Costamare Inc. will be able to realize any of the potential strategic benefits, synergies or opportunities as a result of these actions, that shareholders will achieve any particular level of shareholder returns or that the spin-off of Costamare Bulkers will be in the best interests of shareholders. For a discussion of some of the risks and important factors that could affect future results, see the discussions in the Company’s Annual Report on Form 20-F (File No. 001-34934) and Costamare Bulkers’ Registration Statement on Form 20-F (File No. 001-42581).
Company Contacts:
Gregory Zikos - Chief Financial Officer
Konstantinos Tsakalidis - Business Development
Costamare Inc., Monaco
Tel: (+377) 93 25 09 40
Email: ir@costamare.com
FAQ
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