SAFE BULKERS placed 12,000,000 new common shares at €6.70 each, generating €80,400,000 in gross proceeds. The transaction gives investors the final pricing and size of the Capital raise, while CEO and largest Shareholder Polys Hajioannou received 1,500,000 shares after requesting 2,000,000.

Key Highlights

  • CEO and largest shareholder Polys Hajioannou received 1,500,000 Offer Shares.
  • Safe Bulkers’ common stock trades under SB, while its Series C and Series D Preferred Shares trade under SB.PR.C and SB.PR.D.
  • The 12,000,000 Offer Shares were priced at €6.70 each, generating €80,400,000 in total gross proceeds.

SAFE BULKERS, INC. (NYSE: SB) raised €80,400,000 through a private Placement of 12,000,000 new common shares priced at €6.70 apiece. The transaction was completed on September 9, 2026, after selected investors participated in an accelerated bookbuilding process.

€80,400,000 Placement Completed

Safe Bulkers accepted offers for all 12,000,000 Offer Shares following the bookbuilding process. The placement price was set at €6.70 per Offer Share, producing total gross proceeds of €80,400,000. Polys Hajioannou, the company’s chief executive officer and largest shareholder, was allocated 1,500,000 Offer Shares. His allocation was reduced from an initial subscription for 2,000,000 Offer Shares.

CEO Allocation and Share Listings

Safe Bulkers’ Series C preferred shares are listed on the New York Stock Exchange under SB.PR.C, while its Series D preferred shares are listed under SB.PR.D. The company identified the placement as an offering of common stock to selected investors.