Safe Bulkers, Inc. Publishes Prospectus Relating to the Admission to Trading and Listing on Euronext Athens

Safe Bulkers (NYSE: SB) received approval for the prospectus relating to the dual listing of all 101,826,580 common shares on the Main Market of Euronext Athens.

Rhea-AI Summary

Safe Bulkers (NYSE: SB) received approval for the prospectus relating to the dual listing of all 101,826,580 common shares on the Main Market of Euronext Athens. No new shares are issued, and the existing NYSE listing remains unchanged. Trading is expected to start June 2, 2026 under ticker SB.

Positive

• Dual listing of 101,826,580 common shares on Euronext Athens Main Market
• No additional common shares issued, implying no dilution for existing shareholders
• NYSE primary listing and trading in SB remain unaffected by the Euronext Athens listing
• Regulatory approvals obtained from Euronext Athens and the Hellenic Capital Market Commission

Negative

• None.

Argus May 27 session

-4.95% close to close Open Argus

Details

News Market Reaction – SB

On May 27, the day this news came out, SB closed 4.95% below the previous close.

Data tracked by StockTitan Argus for the May 27 session.

Key Figures

Common shares listed: 101,826,580 shares Par value per share: $0.001 Listing requirements date: May 26, 2026 +2 more

Common shares listed

101,826,580 shares

All issued common shares admitted to trading on Euronext Athens

Par value per share

$0.001

Par value of each common share admitted to Euronext Athens

Listing requirements date

May 26, 2026

Euronext Athens confirmed all listing requirements for dual listing

Board approval date

April 1, 2026

Board approved admission of shares to Euronext Athens

Trading commencement date

June 2, 2026

Expected start of trading on Euronext Athens Main Market

Historical Context

5 past events · Latest: May 26

5 events

1. May 26

   Dual listing clearance

   24h Move

   +4.6%

   Euronext Athens confirmed all conditions for planned dual listing.

2. May 18

   Vessel sale

   24h Move

   -2.1%

   Sale of two older Japanese-built vessels for fleet renewal strategy.

3. May 11

   Fleet expansion

   24h Move

   +3.7%

   Agreements to acquire four Japanese newbuild dry-bulk vessels.

4. Apr 15

   Board changes

   24h Move

   +0.3%

   Board expansion and appointments of two new directors.

5. Apr 02

   Preferred dividends

   24h Move

   -0.3%

   Declaration of quarterly cash dividends on preferred shares.

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

Key Terms

prospectus, dual listing, regulated securities market, isin code

4 terms

prospectus regulatory

"the Board of Directors of the Hellenic Capital Market Commission has approved today the Company’s prospectus for the admission to trading"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

dual listing financial

"all listing requirements for a dual listing of Safe Bulkers’ shares of common stock on the Main Market of Euronext Athens"

A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.

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.

isin code technical

"expects trading to commence on June 2, 2026 under the Euronext ticker symbol “SB” and ISIN code: MHY7388L1039"

An ISIN code is a unique identifier for a specific financial asset, like a stock or bond, similar to a product's barcode. It helps investors, traders, and banks quickly and accurately find and track that asset across different markets worldwide. This makes buying, selling, and managing investments more organized and reliable.

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

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MONACO, May 27, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, is pleased to announce that following ascertainment by Euronext Athens of the fulfilment of all listing requirements for a dual listing of Safe Bulkers’ shares of common stock on the Main Market of Euronext Athens on May 26, 2026, the Board of Directors of the Hellenic Capital Market Commission has approved today the Company’s prospectus for the admission to trading all of 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) on the Main Market of the Regulated Securities Market of Euronext Athens. The listing prospectus is available on the Company’s website at www.safebulkers.com/Euronextathens. The Company is not issuing any additional shares of common stock pursuant to the listing prospectus.

The Common Stock is primarily listed and traded on the New York Stock Exchange (the “NYSE”), which will not be affected by the listing.

The Company’s board of directors approved the admission of its shares of common stock to trading on Euronext Athens on April 1, 2026 and expects trading to commence on June 2, 2026 under the Euronext ticker symbol “SB” and ISIN code: MHY7388L1039.

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 anticipated trading of its shares of common stock on 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, disruptions to the mechanics required to operate cross-border trading, disruptions to trading on Euronext Athens, other technical impediments to the commencement of trading 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 (NYSE: SB) announce about its Euronext Athens listing on May 27, 2026?

Safe Bulkers announced approval of its prospectus for admitting all existing common shares to trading on Euronext Athens. According to Safe Bulkers, 101,826,580 shares will be listed without issuing new stock, while its NYSE listing remains unchanged.

When will Safe Bulkers (SB) start trading on Euronext Athens and under which ticker?

Safe Bulkers expects trading on Euronext Athens to commence on June 2, 2026, under ticker SB. According to Safe Bulkers, the shares will carry ISIN MHY7388L1039 and represent all currently issued common stock.

Is Safe Bulkers issuing new shares for its dual listing on Euronext Athens?

Safe Bulkers is not issuing any additional common shares for the Euronext Athens listing. According to Safe Bulkers, the prospectus covers admission of all 101,826,580 already issued voting shares, so the transaction does not itself create dilution.

How does the Euronext Athens listing affect Safe Bulkers’ NYSE-listed common stock (SB)?

The Euronext Athens listing does not affect Safe Bulkers’ primary NYSE listing. According to Safe Bulkers, the common stock will continue to be primarily listed and traded on the NYSE, with Euronext Athens as an additional market.

How many Safe Bulkers shares are being admitted to trading on Euronext Athens?

Safe Bulkers is admitting all 101,826,580 issued common shares to trading on Euronext Athens. According to Safe Bulkers, these are dematerialized, registered voting shares, each with a par value of $0.001, matching the company’s existing share capital.