Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

Rhea-AI Summary

Toro Corp. (NASDAQ: TORO), an international energy transportation services company, held its 2024 Annual General Meeting of Shareholders on September 6, 2024, in Limassol, Cyprus. The meeting resulted in two key approvals:

1. The re-election of Mr. Petros Zavakopoulos as the Company's Class A Director until the 2027 Annual General Meeting.

2. The appointment of Deloitte Certified Public Accountants S.A. as the Company's independent auditors for the fiscal year 2024.

Toro Corp. currently operates a fleet of five vessels with a total capacity of 0.1 million dwt, consisting of one Handysize tanker and four 5,000 cbm LPG carriers. The company specializes in transporting crude oil, petroleum products, and petrochemical gases worldwide.

Positive

• Re-election of Mr. Petros Zavakopoulos as Class A Director, ensuring continuity in leadership
• Appointment of Deloitte as independent auditors, potentially enhancing financial credibility
• Diverse fleet composition with tankers and LPG carriers, indicating operational flexibility

Negative

• None.

News Market Reaction – TORO

+2.13%

+2.13% Session move

In the trading session that priced this news, TORO gained 2.13%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LIMASSOL, Cyprus, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that the Company’s 2024 Annual General Meeting of Shareholders (the “Meeting”) was duly held on September 6, 2024, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.

At the Meeting, the following proposals were approved and adopted:

1. The re-election of Mr. Petros Zavakopoulos to serve as the Company’s Class A Director until the 2027 Annual General Meeting of Shareholders;
   
   
2. The appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year of 2024.
   

About Toro Corp.

Toro Corp. is an international energy transportation services company with a fleet of tankers and LPG carriers that carry crude oil, petroleum products and petrochemical gases worldwide. Toro Corp. currently owns a fleet of five vessels with an aggregate capacity of 0.1 million dwt, which consists of one Handysize tanker and four 5,000 cbm LPG carriers.

For more information, please visit the Company’s website at www.torocorp.com. Information on our website does not constitute a part of this press release.

CONTACT DETAILS

For further information please contact:

Petros Panagiotidis
Toro Corp.
Email: ir@torocorp.com

FAQ

What were the key outcomes of Toro Corp's 2024 Annual General Meeting?

The key outcomes were the re-election of Mr. Petros Zavakopoulos as Class A Director until 2027 and the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for fiscal year 2024.

What is the current fleet composition of Toro Corp (TORO)?

Toro Corp's fleet consists of five vessels with a total capacity of 0.1 million dwt, including one Handysize tanker and four 5,000 cbm LPG carriers.

When and where was Toro Corp's 2024 Annual General Meeting held?

Toro Corp's 2024 Annual General Meeting was held on September 6, 2024, at 5:00 p.m. local time in Limassol, Cyprus.

What types of energy transportation services does Toro Corp (TORO) provide?

Toro Corp provides international energy transportation services, carrying crude oil, petroleum products, and petrochemical gases worldwide using its fleet of tankers and LPG carriers.