Safe Bulkers, Inc. Becomes the Only Shipping Company with Common Stock trading on both the NYSE and Euronext Athens

Safe Bulkers (NYSE/Euronext Athens: SB) started trading its 101,826,580 common shares on Euronext Athens, while maintaining its primary listing on the NYSE.

Rhea-AI Summary

Safe Bulkers (NYSE/Euronext Athens: SB) started trading its 101,826,580 common shares on Euronext Athens, while maintaining its primary listing on the NYSE. Series C and D preferred shares remain NYSE-only. The company targets broader institutional and retail investor access and greater visibility in European maritime finance communities.

Positive

• 101,826,580 common shares now trading on both NYSE and Euronext Athens
• Primary NYSE listing maintained alongside new Euronext Athens listing
• Dual listing aims to broaden and diversify shareholder base
• Listing targets increased visibility in European maritime investment community

Negative

• None.

Argus Jun 2 session

-2.42% close to close Open Argus

Details

News Market Reaction – SB

On Jun 2, the day this news came out, SB closed 2.42% below the previous close.

Data tracked by StockTitan Argus for the Jun 2 session.

Key Figures

Current price: $6.62 Daily price change: 5.92% Common shares listed: 101,826,580 shares +5 more

Current price

$6.62

Pre-news market context for SB

Daily price change

5.92%

24h change prior to news publication

Common shares listed

101,826,580 shares

Issued dematerialized, registered voting common stock trading on Euronext Athens

Par value per share

$0.001

Par value of each common share

Volume today

1,254,753 shares

Trading volume vs 20-day average of 641,352

52-week high

$7.38

Upper end of 52-week trading range

52-week low

$3.56

Lower end of 52-week trading range

Market capitalization

$636,416,125

Equity value pre-news

Historical Context

5 past events · Latest: May 27

5 events

1. May 27

   Prospectus approval

   24h Move

   -5.0%

   Prospectus approval for Euronext Athens dual listing without issuing new shares.

2. May 26

   Dual listing confirmation

   24h Move

   +4.6%

   Euronext Athens confirms requirements for dual listing are met, pending prospectus.

3. May 18

   Vessel sales

   24h Move

   -2.1%

   Sale of two older Japanese-built dry bulk vessels supporting fleet renewal strategy.

4. May 11

   Newbuild acquisitions

   24h Move

   +3.7%

   Agreements to acquire four Japanese newbuild vessels meeting IMO Phase 3 standards.

5. Apr 15

   Board expansion

   24h Move

   +0.3%

   Board expanded to eleven directors with capital-markets and shipping expertise.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

dematerialized, isin, regulated securities market, preferred stock, +1 more

5 terms

dematerialized technical

"all 101,826,580 dematerialized, registered voting shares of common stock"

Dematerialized describes the conversion of paper share certificates or other ownership documents into electronic records held by a central registry or broker. Like replacing a paper deed with a secure online file, it makes buying, selling and transferring ownership faster, cheaper and less prone to loss or forgery, which affects liquidity, settlement speed and the ease with which investors can trade or track their holdings.

isin financial

"under the ticker symbol “SB” and ISIN code: MHY7388L1039"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

View in glossary

regulated securities market regulatory

"on the Main Market of the Regulated Securities Market of Euronext Athens"

A regulated securities market is a trading venue—such as a stock exchange or an electronic platform—where buying and selling of stocks, bonds and other investment instruments is overseen by government or independent regulators enforcing rules on transparency, fairness and record‑keeping. It matters to investors because those rules reduce the chance of fraud, ensure prices reflect real supply and demand, and make it easier to buy or sell holdings—like shopping in a market with price tags and consumer protections.

preferred stock financial

"series C preferred stock and series D preferred stock"

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

listing advisor financial

"The Company is advised by Piraeus Bank S.A. as listing advisor."

A listing advisor is a specialist who guides a company through the process of getting its shares listed on a stock exchange, handling paperwork, regulatory requirements, disclosure, and coordination with the exchange and other advisers. Think of them as a coach and navigator who helps ensure the company meets the rules and presents its story clearly; for investors, the choice and quality of advisor can affect the transparency, timing, risk and credibility of a new or relisted stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MONACO, June 02, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE/Euronext Athens: SB), an international provider of marine drybulk transportation services, is pleased to announce today that the Company’s issued shares of common stock (i.e., all 101,826,580 dematerialized, registered voting shares of common stock, each with a par value of $0.001, issued by the Company) have commenced trading on Euronext Athens under the ticker symbol “SB” and ISIN code: MHY7388L1039. The Company’s common stock will continue to be primarily listed on the New York Stock Exchange (“NYSE”), as will the Company’s series C preferred stock and series D preferred stock (neither such class of preferred stock is trading on Euronext Athens).

By listing its common stock on the Main Market of the Regulated Securities Market of Euronext Athens, the Company aims to broaden and diversify its shareholder base by providing access to a wider pool of institutional and retail investors, with exposure to the maritime industry. Athens is a leading global maritime center and by listing on Euronext Athens, the Company aims to increase the Company’s visibility and corporate profile within the European maritime, banking and institutional investment community.

The Company is advised by Piraeus Bank S.A. as listing advisor. Potamitis Vekris Law Firm served as legal counsel on matters of Greek law and White & Case LLP served as global legal counsel.

About Safe Bulkers, Inc.
The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C” and “SB.PR.D”, respectively.

Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including the benefits of listing the Company’s common stock on the Euronext Athens. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, business disruptions due to natural disasters or other events, 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 inability to develop a liquid trading market for the Company’s shares of common stock on Euronext Athens and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings to release 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.

For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
Fax: +30 2 111 878 500
E-Mail: directors@safebulkers.com

Investor Relations / Media Contact:
Nicolas Bornozis, President Capital Link, Inc.
230 Park Avenue, Suite 1536 New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com

Anna Wichmann
Capital Link Athens
Tel +30-210-6109-800
E-Mail: safebulkers@capitallink.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Safe Bulkers (SB) announce about its Euronext Athens listing on June 2, 2026?

Safe Bulkers announced its common stock began trading on Euronext Athens under ticker SB. According to Safe Bulkers, all 101,826,580 dematerialized, registered voting common shares are now listed there, while the company keeps its primary listing on the NYSE.

Does Safe Bulkers (SB) keep its primary listing on the NYSE after the Euronext Athens admission?

Yes, Safe Bulkers keeps its primary listing on the NYSE. According to Safe Bulkers, the company’s common stock, series C preferred stock, and series D preferred stock continue trading on the NYSE, with only the common shares also trading on Euronext Athens.

Which Safe Bulkers (SB) securities trade on Euronext Athens and which remain NYSE-only?

Only Safe Bulkers’ common stock trades on Euronext Athens. According to Safe Bulkers, all 101,826,580 common shares are listed there, while the series C and series D preferred shares remain listed exclusively on the NYSE and do not trade on Euronext Athens.

Why did Safe Bulkers (SB) list its common stock on Euronext Athens?

Safe Bulkers listed on Euronext Athens to broaden and diversify its shareholder base. According to Safe Bulkers, the company seeks access to a wider pool of institutional and retail investors and aims to increase visibility within the European maritime, banking, and institutional investment community.

What ticker symbol and ISIN does Safe Bulkers (SB) use on Euronext Athens?

Safe Bulkers trades on Euronext Athens under ticker SB with ISIN MHY7388L1039. According to Safe Bulkers, these identifiers apply to all 101,826,580 dematerialized, registered voting common shares that have commenced trading on the Main Market of Euronext Athens.

Who advised Safe Bulkers (SB) on its Euronext Athens listing?

Piraeus Bank acted as listing advisor for Safe Bulkers’ Euronext Athens admission. According to Safe Bulkers, Potamitis Vekris Law Firm advised on Greek law matters, while White & Case LLP served as global legal counsel for the company’s dual listing process.