Star Bulk Carriers gains on announcing repurchase of 10 mln shares

Star Bulk Carriers

22/09/2023 14:10

** U.S.-listed shares of Greek shipping firm Star Bulk
Carriers  SBLK.O  rise 2.4% to $18.09 premarket
    ** Company says it has repurchased 10 mln of its shares from
OCM XL Holdings at $18.50/shr
    ** Purchase price will be funded from sale proceeds of
vessels sold - SBLK
    ** Company says it remains committed to its current dividend
policy
    ** SBLK has about 103.2 mln outstanding shares - LSEG data 
    ** Up to last close, U.S.-listed stock down 8.1% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))