10 September 2019

OKEANIS ECO TANKERS CORP.: Mandatory Notification of Trade by Primary Insider

Aristidis I. Alafouzos, COO, has purchased 5,000 shares in Okeanis Eco Tankers Corp. on September 10, 2019 at a price of NOK 66.50 per share. Following this transaction, Mr. Alafouzos holds 19,800 shares in Okeanis Eco Tankers Corp.

This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

30 August 2019

Okeanis Eco Tankers Corp. Announces Share Buyback

Okeanis Eco Tankers Corp. (the “Company”) announces that it has purchased 150,149 of its own shares for an aggregate consideration of $1,009,770, at an average price of NOK 61.00 per share.

Following this transaction, the Company owns 150,149 of its own shares. The purchased shares will be held as treasury stock.

Contact:

John Papaioannou, CFO

Tel: +30 210 480 4099

Email: jvp@okeanisecotankers.com

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers Corp. is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax/LR2 segments.

This information is subject to disclosure requirements pursuant to Section 4-4 of the Norwegian Securities Trading Act.

Okeanis Eco Tankers Corp. Announces Mandatory Notification of Trade

QVT Financial LP (“QVT”) has purchased 150,150 shares in Okeanis Eco Tankers Corp. (“OET”) on August 29, 2019 at a price of NOK 61.00 per share. Following this transaction, QVT holds 1,683,650 shares in OET.

This information is subject to disclosure requirements pursuant to Section 4-4 of the Norwegian Securities Trading Act.

15 August 2019

Okeanis Eco Tankers Corp. Reports Unaudited Interim Condensed Results for the Second Quarter and First Fiscal Half of 2019

GREECE, August 15, 2019 – Okeanis Eco Tankers Corp. (“OET” or the “Company”) today reported unaudited interim results for the second quarter and first half year ended June 30, 2019.

Q2 2019 Highlights

  • Time charter equivalent revenue and adjusted EBITDA of $14.4 million and $8.3 million, respectively. Loss for the period of $3.6 million or $0.11 per share (basic & diluted).
  • Fleetwide TCE rate of $20,253 per operating day; VLCC, Suezmax and Aframax TCE rates of $31,800, $19,400 and $18,000 per operating day, respectively.
  • Daily operating expenses of $7,660 per calendar day, including management fees.

Important Half-Year 2019 Events

  • In January 2019, the Company entered into a sale and lease back arrangement with Ocean Yield Malta Limited for the re-financing of M/T Milos.
  • In March 2019, the Company up-listed to Oslo Axess from the Merkur Market.
  • In April 2019, the Company was granted an option by the Alafouzos family to acquire two Suezmax newbuilding vessels to be constructed at Hyundai Heavy Industries with expected delivery dates in the third quarter of 2020. The option secures a right for the Company, at no cost, to acquire the vessels at the Alafouzos family’s contract price.
  • In May 2019, the Company took delivery of the first VLCC from its newbuilding program with Hyundai Heavy Industries, Nissos Rhenia (Hull 3012).
  • Also in May 2019, the Company successfully conducted a private placement, raising net proceeds of $15 million through the placement of 1,580,000 new shares at a subscription price of NOK 83 per share.
  • In June 2019, the Company took delivery of the second VLCC from its newbuilding program with Hyundai Heavy Industries, Nissos Despotiko (Hull 3013).
  • Also in June 2019, the Company entered into and drew down on an $11 million secured loan facility for its scrubber retrofit project from BNP Paribas. The financing carries an interest rate over Libor of 2.00%, a 5-year tenor, and a 4-year repayment profile beginning one year after drawdown.

The full unaudited interim results and presentation are attached to this press release.

OET will not be hosting a presentation or webcast to discuss the company’s results for the period ended June 30, 2019. Investors and analysts are urged to contact the company directly with any queries or feedback, or to organize a telephonic meeting with management.

Please contact:

John Papaioannou, CFO

Tel: +30 210 480 4099

Email: jvp@okeanisecotankers.com

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

Important information:

Forward Looking Statements Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

13 August 2019

CHANGE IN DATE FOR OKEANIS ECO TANKERS CORP. Q2 2019 FINANCIAL RESULTS PRESENTATION

Reference is made to the announcement dated February 25, 2019 by Okeanis Eco Tankers Corp. on the planned dates of release of financial information. The Q2 2019 Financial Results Presentation of the Company, originally scheduled for August 30, 2019, is now scheduled for August 15, 2019.

Contact:

John Papaioannou, CFO

jvp@okeanisecotankers.com
+30 210 480 4099

Important information:

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

13 August 2019

CHANGE IN DATE FOR OKEANIS ECO TANKERS CORP. Q2 2019 FINANCIAL RESULTS PRESENTATION

Reference is made to the announcement dated February 25, 2019 by Okeanis Eco Tankers Corp. on the planned dates of release of financial information. The Q2 2019 Financial Results Presentation of the Company, originally scheduled for August 30, 2019, is now scheduled for August 15, 2019.

Contact:

John Papaioannou, CFO

jvp@okeanisecotankers.com
+30 210 480 4099

Important information:

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

24 July 2019

Delivery of VLCC Newbuilding Nissos Antiparos

Okeanis Eco Tankers Corp. (“the Company”) announces that it has taken delivery of the VLCC “Nissos Antiparos” today, and that the vessel has commenced its time charter to Koch Shipping Pte. Ltd.

The vessel was delivered from Hyundai Heavy Industries in South Korea and is the fourth in a series of eight VLCCs that will be delivered to the Company throughout the year.

5 July 2019

Delivery of VLCC Newbuilding Nissos Santorini

Okeanis Eco Tankers Corp. (“the Company”) announces that it has taken delivery of the VLCC “Nissos Santorini” today, and that the vessel has commenced its time charter to Koch Shipping Pte. Ltd.

The vessel was delivered from Hyundai Heavy Industries in South Korea and is the third in a series of eight VLCCs that will be delivered to the Company throughout the year.

27 June 2019

OKEANIS ECO TANKERS CORP. ANNOUNCES usd 11 MILLION SCRUBBER FINANCING

GREECE, June 27, 2019 – Okeanis Eco Tankers Corp. (OAX:OET) (the “Company”) announces that it has secured commitment to a usd 11 million secured loan facility (the “Facility”) for its scrubber retrofit project from BNP Paribas. The Facility carries an interest rate over Libor of 2.00%, a 5-year tenor, and a 4-year repayment profile beginning one year after drawdown.

The Facility is available immediately, and the Company expects to draw on it shortly to partly finance the capital expenditure required to retrofit scrubbers on six of its vessels (two Aframax/LR2s and four Suezmaxes).

Contact:

John Papaioannou, CFO

Tel: +30 210 480 4099

Email: jvp@okeanisecotankers.com

Important information:

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Forward Looking Statements:

Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

10 June 2019

Delivery of VLCC Newbuilding Nissos Despotiko

Okeanis Eco Tankers Corp. (“the Company”) announces that it has taken delivery of the VLCC “Nissos Despotiko” today, and that the vessel has commenced its time charter to Koch Shipping Pte. Ltd. The vessel was delivered from Hyundai Heavy Industries in South Korea and is the second in a series of eight VLCCs that will be delivered to the Company throughout the year.

27 May 2019

OKEANIS ECO TANKERS CORP.: DISCLOSURE OF TRADE

QVT Financial LP (“QVT”) has purchased 25,000 shares in Okeanis Eco Tankers Corp. on May 24, 2019 at a price of NOK 70.50 per share. Following this transaction, QVT holds 1,533,500 shares in Okeanis Eco Tankers Corp.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

24 May 2019

Okeanis Eco Tankers Corp. Reports Unaudited Interim Condensed Results for the First Fiscal Quarter of 2019

GREECE, May 24, 2019 – Okeanis Eco Tankers Corp. (“OET” or the “Company”) (OAX: OET) today reported unaudited interim results for the first fiscal quarter of 2019.

Q1 2019 Highlights

  • Time charter equivalent revenue and adjusted EBITDA of $14.9 million and $9.0 million, respectively. Profit for the quarter of $0.5 million or $0.02 per share (basic & diluted).
  • Fleetwide TCE rate of $23,600 per operating day; Suezmax TCE rate of $21,900 per operating day and Aframax TCE rate of $25,800 per operating day.
  • Daily operating expenses of $7,162 per calendar day, including management fees.
  • In January 2019, the Company entered into a sale and lease back arrangement with Ocean Yield Malta Limited for the re-financing of M/T Milos.
  • In March 2019, the Company up-listed to Oslo Axess from the Merkur Market.

Subsequent Events

  • In April 2019, the Company was granted an option by the Alafouzos family to acquire two Suezmax newbuilding vessels to be constructed at Hyundai Heavy Industries with expected delivery dates in the third quarter of 2020. The option secures a right for the Company, at no cost, to acquire the vessels at the Alafouzos family’s contract price.
  • In May 2019, the Company took delivery of the first VLCC from its newbuilding program with Hyundai Heavy Industries, Nissos Rhenia (Hull 3012).
  • Also in May 2019, the Company successfully conducted a private placement, raising net proceeds of $15 million through the placement of 1,580,000 new shares at a subscription price of NOK 83 per share.

The full unaudited interim results and presentation are attached to this press release.

OET will not be hosting a presentation or webcast to discuss the company’s results for the period ended March 31, 2019. Investors and analysts are urged to contact the company directly with any queries or feedback, or to organize a telephonic meeting with management.

Please contact:

John Papaioannou, CFO

Tel: +30 210 480 4099

Email: jvp@okeanisecotankers.com

16 May 2019

OKEANIS ECO TANKERS CORP.: RESULTS & MINUTES OF 2019 ANNUAL GENERAL MEETING

The Annual General Meeting (the “AGM”) of Okeanis Eco Tankers Corp. (the “Company”) was duly held today, on May 16, 2019 at 15:00 local time (UTC+3) at Ethnarchou Makariou av, & 2 D. Falireos str., 18547 Neo Faliro, Piraeus, Greece pursuant to a Notice dated April 25, 2019.

The following resolutions were passed:

1. The audited financial statements and the annual report of the Company for the year ended December 31, 2018 were approved; and

2. The remuneration of the Company’s independent auditors, Deloitte Certified Public Accountants S.A., of €150,000 for the audit of the year ending 2019 was approved.

Please find attached the minutes of the AGM, which are also available on the Company’s website: www.okeanisecotankers.com

For further information, please contact:
John Papaioannou, CFO 
jvp@okeanisecotankers.com
+30 210 4804099

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber fitted tanker company operating a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

14 May 2019

OKEANIS ECO TANKERS CORP.: PRIVATE PLACEMENT – ISSUANCE OF THE NEW SHARES; COMMENCEMENT OF TRADING IN NEW SHARES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OAX: OET) (the “Company”) on 14 May 2019 regarding the successful private placement (the “Private Placement”) of 1,580,000 new shares (the “Offer Shares”) in the Company for a subscription price of NOK 83 per Offer Share, equalling gross proceeds of NOK 131,140,000, corresponding to approximately USD 15 million (based on a currency exchange rate of USD/NOK 8.74).

The Company has today issued the Offer Shares, which are now eligible for trading on the Oslo Axess. Following issuance of the Offer Shares, the Company has an issued share capital of USD 32,890 divided into 32,890,000 common shares, each share with a nominal value of USD 0.001.

Fearnley Securities acts as managers in the Private Placement. Advokatfirmaet BAHR AS acts as legal advisor in connection with the Private Placement.

Contact:

John Papaioannou, CFO

jvp@okeanisecotankers.com

+30 210 4804099

Additional information about the Company can be found at: www.okeanisecotankers.com.

This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12.

This announcement is not and does not form a part of any offer for sale of any securities, and is for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register of its securities in the United States.

The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.

OKEANIS ECO TANKERS CORP.: PRIVATE PLACEMENT SUCCESSFULLY PLACED

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OAX: OET) (the “Company”) on 13 May 2019 regarding a contemplated private placement (the “Private Placement”) of new shares in the Company.

The Private Placement has been successfully placed, raising gross proceeds of NOK 131,140,000, corresponding to approximately USD 15 million (based on a currency exchange rate of USD/NOK 8.74), through the subscription of 1,580,000 new shares (the “Offer Shares”) at a subscription price of NOK 83 per share. Notices of allocation will be distributed to the investors on 14 May 2019.

Completion of the Private Placement is conditional upon the Offer Shares having been fully paid and legally issued. Settlement in the Private Placement will take place on 15 May 2019 with delivery of the Offer Shares expected to take place simultaneously (DVP T+2). Following issuance of the Offer Shares, the Company will have an issued share capital of USD 32,890 divided into 32,890,000 common shares, each with a nominal value of USD 0.001. The Offer Shares will be registered under ISIN MHY 641771016 in the VPS. Upon delivery, the Offer Shares will be tradable on Oslo Axess under the trading symbol “OET”.

Fearnley Securities AS acts as manager in the Private Placement. Advokatfirmaet BAHR AS acts as legal advisor in connection with the Private Placement.

Contact:

John Papaioannou, CFO

jvp@okeanisecotankers.com

+30 210 4804099

Additional information about the Company can be found at: www.okeanisecotankers.com.

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

OKEANIS ECO TANKERS CORP.: DISCLOSURE OF TRADE

Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OAX: OET) (the “Company”) dated 14 May 2019 regarding the private placement (the “Private Placement”) of 1,580,000 new shares in the Company, raising gross proceeds of NOK 131,140,000, corresponding to approximately USD 15 million (based on a currency exchange rate of USD/NOK 8.74).

Glafki Marine Corp. (“Glafki”), the Company’s majority shareholder, has underwritten the Private Placement in its entirety and was accordingly allocated 1,580,000 shares in the Private Placement at a subscription price of NOK 83 per share. Following completion of the Private Placement, Glafki will own 17,580,000 shares in the Company, equalling approximately 53.45% per cent of the Company’s common shares and votes.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.

OKEANIS ECO TANKERS CORP.: PRIVATE PLACEMENT – ISSUANCE OF THE NEW SHARES; COMMENCEMENT OF TRADING IN NEW SHARES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OAX: OET) (the “Company”) on 14 May 2019 regarding the successful private placement (the “Private Placement”) of 1,580,000 new shares (the “Offer Shares”) in the Company for a subscription price of NOK 83 per Offer Share, equalling gross proceeds of NOK 131,140,000, corresponding to approximately USD 15 million (based on a currency exchange rate of USD/NOK 8.74).

The Company has today issued the Offer Shares, which are now eligible for trading on the Oslo Axess. Following issuance of the Offer Shares, the Company has an issued share capital of USD 32,890 divided into 32,890,000 common shares, each share with a nominal value of USD 0.001.

Fearnley Securities acts as managers in the Private Placement. Advokatfirmaet BAHR AS acts as legal advisor in connection with the Private Placement.

Contact:

John Papaioannou, CFO

jvp@okeanisecotankers.com

+30 210 4804099

Additional information about the Company can be found at: www.okeanisecotankers.com

This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12.

This announcement is not and does not form a part of any offer for sale of any securities, and is for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register of its securities in the United States.

The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.

13 May 2019

OKEANIS ECO TANKERS CORP.: CONTEMPLATED PRIVATE PLACEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Okeanis Eco Tankers Corp. (the “Company”) announces that it is contemplating a private placement (the “Private Placement”) of new shares (the “Offer Shares”), which will be offered to investors subject to and in compliance with applicable exemptions from relevant prospectus or registration requirements. Targeted gross proceeds are USD 15 million, corresponding to approximately NOK 131 million at a subscription price of NOK 83 per share. The Offer Shares will be common shares, vested with equal rights in all respects to the Company’s existing shares in issue. The Company has retained Fearnley Securities AS as manager in the Private Placement (the “Manager”), and Advokatfirmaet BAHR AS is acting as Norwegian legal advisor. Glafki Marine Corp. (“Glafki”), the Company’s majority shareholder, will underwrite the Private Placement in its entirety at the aforementioned amount and price. Net proceeds will be used by the Company for working capital and general corporate purposes.

The Private Placement addresses feedback received from external investors during recent non-deal investor meetings, as shared by the Company’s Board of Directors and top management, and is intended to both strengthen the Company’s balance sheet and ensure flexibility and ample liquidity under any market conditions. The decision to raise additional equity underscores the Company’s policy of responsive communication with its shareholders and illustrates Glafki’s strong long-term belief in the Company, as well as its commitment to supporting the Company in a way that benefits all shareholders.

It is considered by the Board of Directors that a capital raise through the structure of a private placement is in the best interest of the Company and its shareholders in the relevant circumstances. The capital raise can thereby be executed at an attractive price compared to alternative structures, and uncertainties are eliminated due to the full underwriting by Glafki.

The Company anticipates its daily cash breakeven reducing by USD 2,700 per calendar day if it does not draw on the USD 15 million revolving credit facility (the “Shareholder Loan”) available to it from Glafki. The Shareholder Loan will remain available to the Company until June 30, 2020.

The application period for the Private Placement will start today, 13 May 2019, at 16:45 CEST and close on 14 May 2019 at 08:00 CEST. The Company reserves the right to close or extend the application period at any time at its sole discretion. The minimum order size and allocation in the Private Placement will be the NOK equivalent of EUR 100,000.

Allocation of Offer Shares will be made at the discretion of the Company’s Board of Directors in consultation with the Manager, on or about 14 May 2019, and notification of allotment will be sent to the applicants by the Manager on or about 14 May 2019, subject to any shortening or extension of the application period.

Completion of the Private Placement is conditional upon the Offer Shares having been fully paid and validly issued. The Private Placement will be cancelled if the conditions are not fulfilled, and may be cancelled by the Company in its sole discretion for any other reason.

The Offer Shares will be delivered through the Norwegian Central Securities Depository (the “VPS”). Payment for the Offer Shares is expected to take place on or about 15 May 2019 (the “Payment Date”) and delivery of the Offer Shares is expected to take place on or about 15 May 2019 (the “Delivery Date”). The Offer Shares will be registered under ISIN MHY 641 771016 in the VPS. Upon delivery, the Offer Shares will be tradable on Oslo Axess under the trading symbol “OET”.

Contact:

John Papaioannou, CFO

jvp@okeanisecotankers.com

+30 210 480 4099

Additional information about the Company can be found at: www.okeanisecotankers.com.

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

25 April 2019

OKEANIS ECO TANKERS CORP.: NOTICE OF ANNUAL GENERAL MEETING 2019 & ANNUAL REPORT 2018

Notice is hereby given that the 2019 Annual General Meeting (the “AGM”) of Okeanis Eco Tankers Corp. (the “Company”) will be held on Thursday, 16 May 2019 at 15:00 local time (UTC+3) at Ethnarchou Makariou av, & 2 D. Falireos str., 18547 Neo Faliro, Piraeus, Greece.

Please find attached the following documents:

AGM Notice, including the Proxy Statement and Proxy Voting Instructions

2018 Annual Report, containing the financial statements of the Company for the year ended December 31, 2018.

The attachments will be available on the Company’s website: www.okeanisecotankers.com.

For further information, please contact:

John Papaioannou, CFO

jvp@okeanisecotankers.com

+30 210 4804099

***

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber fitted tanker company operating a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

This information is subject to disclosure requirements pursuant to Section

4 April 2019

OKEANIS ECO TANKERS CORP.: OPTION TO ACQUIRE TWO SUEZMAX NEWBUILDINGS

Okeanis Eco Tankers Corp. (the “Company”) has been granted an option (the “Option”) by the Company’s Chairman (the “Sponsor”) to acquire two Suezmax newbuilding vessels to be constructed at Hyundai Heavy Industries delivering in Q3 2020 (the “Option Vessels”). The Option secures a right for the Company, at no cost, to acquire the Option Vessels at the Sponsor’s acquisition price. The Option was given by the Sponsor following a unanimous decision by the board of the directors of the Company (the “Board”) not to exercise its right of first refusal to step into tanker transactions sourced by the Sponsor. The Option is exercisable at any time on or before 1 November 2019. In the event that the Company does not exercise the Option, the Company will receive a daily fee of USD 600 per vessel from the Sponsor for the commercial management of the Option Vessels upon their delivery.

Chairman and Chief Executive Officer Ioannis Alafouzos commented:

“After careful evaluation of the opportunity, its entailed capital requirements and impact on the Company’s forecasted per-share financial metrics relative to the Company’s current potential, the Board decided to forego the opportunity to grow the Company. The Board is of the unanimous view that the Company’s fleet is already well-positioned –- in terms of size, composition, age and growing spot market exposure –- to capitalize on the strengthening tanker market, and that further growth is thus not warranted at this time.

Nonetheless, as the Sponsor of the Company, I have granted the Company the Option to acquire these vessels from my private vehicle at the price I contracted them, further enhancing the Company’s already considerable exposure to rising tanker asset value upside at no cost. The main drivers of the decision by the Company to exercise or not exercise the Option will be the prevailing market conditions, asset values and the Company’s cost of capital (of which the share price discount or premium to Net Asset Value is a key metric) at the relevant time.

We believe that the transparent, disciplined and analytically rigorous approach by which this transaction was evaluated, as well as the Company’s continued free optionality derived from the Option Vessels, demonstrates the Sponsor’s alignment with and commitment to the Company and its shareholders to only pursue accretive, value-enhancing transactions on their behalf.”

Contact:

John Papaioannou, CFO
Tel: +30 210 480 4099
Email: jvp@okeanisecotankers.com

Additional information about the Company can be found at: www.okeanisecotankers.com

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of fifteen modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

This information is subject to disclosure requirements pursuant to the Continuing Obligations and Section 5-12 of the Norwegian Securities Trading Act.

Forward Looking Statements

Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

2 April 2019

MANDATORY NOTIFICATION OF TRADE

OET-ME: Primary Insider Notification

Aristidis I. Alafouzos, COO, has purchased 2,000 shares in Okeanis Eco Tankers Corp. on 1 April 2019 at a price of NOK 67.50 per share. Following this transaction, Mr. Alafouzos holds 14,800 shares in Okeanis Eco Tankers Corp.

1 March 2019

Okeanis Eco Tankers Corp. Reports Unaudited Results for the Fourth Quarter of 2018

GREECE, 1 March 2019 – Okeanis Eco Tankers Corp. (Merkur Markets: OET-ME) today reported unaudited results for the fourth quarter and since inception 2018.

Q4 2018 Highlights

  • Time charter equivalent (TCE) revenue and adjusted EBITDA of $12.4 million and $7.4 million, respectively. Net loss for the quarter of $(0.6) million or $(0.02) per share (basic & diluted).
  • Fleetwide TCE rate of $20,630 per operating day; Suezmax TCE rate of $20,260 per operating day and Aframax TCE rate of $21,060 per operating day.
  • Daily operating expenses (Opex) of $6,852 per calendar day, including management fees.
  • 1Q19 to date, 90% of the available Suezmax spot days have been booked at an average TCE rate of $28,000 per day, while 96% of the available Aframax spot days have been booked at an average TCE rate of $27,500 per day.
  • In December 2018, the Company successfully conducted a private placement, raising gross proceeds of $30 million through the placement of 3,910,000 new shares at a subscription price of NOK 66 per share.
  • The Company signed loan agreements with Credit Suisse, BNP Paribas, ABN Amro and Credit Agricole for four secured loan facilities for an aggregate amount of $233 million for the financing of four VLCC newbuildings. The facilities carry a blended annual interest rate of LIBOR plus 2.27% and a blended repayment profile of 17 years, and all permit pre-delivery financing.
  • The Company entered into a revolving credit facility agreement with an affiliate of the Company’s largest shareholder, Glafki Marine Corp. (“Glafki’’), whereby the Company may borrow an amount of up to USD 15 million. The facility matures in June 2020 and bears a fixed annual interest rate of 6.25% on the drawdown amount at each time, with no fixed repayment schedule.
  • Post quarter end, the Company entered into a sale and lease back arrangement with Ocean Yield for the re-financing of M/T Milos. Proceeds of $49 million were used to repay $31 million of existing debt, providing the Company with additional net liquidity of $18 million.

The full report and interim financial statements are attached to this press release.

OET will not be hosting a presentation or webcast to discuss the company’s results for the period ended 31 December 2018. Investors and analysts are urged to contact the company directly with any queries or feedback, or to organize a telephonic meeting with management.

Please contact:

Aristidis Alafouzos, COO
Tel: +30 210 480 4245
Email: aia@okeanisecotankers.com

John Papaioannou, CFO
Tel: +30 210 480 4099
Email: jvp@okeanisecotankers.com

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

Important information:

Forward Looking Statements Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Okeanis Eco Tankers Corp.: Approval and Publication of Prospectus

(GREECE, 1 March 2019)

The Norwegian Financial Supervisory Authority (Nw: Finanstilsynet) has today approved the prospectus of Okeanis Eco Tankers Corp. (the “Company”) relating to the listing of the Company’s common shares (the “Shares”) on Oslo Axess.

Trading in the Shares on Oslo Axess is expected to commence during March 2019, on ISIN MHY641771016 and under the trading symbol “OET”.

For more information, please refer to the prospectus which will, subject to regulatory restrictions in certain jurisdictions in certain jurisdictions, be available at the following website: www.okeanisecotankers.com. Hard copies of the prospectus may be obtained free of charge by contacting Fearnley Securities AS (tel.: 22 93 60 00).

The Board of Directors

Okeanis Eco Tankers Corp.

Please contact:

John Papaioannou, CFO
Tel: +30 210 480 4099
Email: jvp@okeanisecotankers.com

Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

Important information:

Forward Looking Statements Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

25 February 2019

OKEANIS ECO TANKERS CORP.: ANNOUNCEMENT REGARDING RELEASE OF Q3 2018 FINANCIALS, UPDATE ON LISTING PROCESS AND REVISED FINANCIAL CALENDAR

As indicated in its announcement dated 29 October 2018, Okeanis Eco Tankers Corp. (the “Company” or “OET”) has initiated a process to transfer the listing and trading of its shares from Merkur Market to Oslo Axess, a regulated market operated by the Oslo Stock Exchange. The process is expected to be completed shortly, and the Company expects its shares to be admitted for listing on Oslo Axess during March 2019.

In anticipation of the uplisting to Oslo Axess and the publication of a listing prospectus (the “Prospectus”) in connection therewith, the Board of Directors of OET has approved the Company’s audited financial statements in respect of the period from 30 April (date of the Company’s inception) to 30 September 2018 as per the enclosed document, which will also be included in the Prospectus.

The Company will publish its Q4 2018 earnings report and presentation before market opening on 1 March 2019.

In anticipation of the Oslo Axess listing, the Company’s financial calendar for 2019 as published on 25 January 2019 has been amended to be as follows:

FINANCIAL YEAR 2018

  • 25 February 2019: Quarterly Report – Q3 2018
  • 1 March 2019: Quarterly Report – Q4 2018
  • 25 April 2019: Annual Report 2018

FINANCIAL YEAR 2019

  • 16 May 2019: Annual General Meeting
  • 24 May 2019: Quarterly Report – Q1 2019
  • 30 August 2019: Half-Yearly Report and Q2 2019
  • 29 November 2019: Quarterly Report – Q3 2019

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099

ABOUT OKEANIS ECO TANKERS CORP.

Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of 15 modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

This information is subject to disclosure requirements pursuant to the Continuing Obligations and Section 5-12 of the Norwegian Securities Trading Act.

Important information:

Forward Looking Statements Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

16 January 2019

OKEANIS ECO TANKERS CORP.: Refinancing of Suezmax Tanker Milos

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Okeanis Eco Tankers Corp. (OSE: OET-ME) (“Company”) today announced that the Company has entered into a USD 56 million sale and 13-year bareboat charter arrangement with Ocean Yield ASA (“Ocean Yield”) for the Milos (“Milos Refinancing”). The sale price includes a seller’s credit of USD 7 million, resulting in net sale proceeds of USD 49 million to the Company.
The Milos Refinancing will generate approximately USD 18 million of free cash to the Company once the vessel delivers to Ocean Yield in Q1 2019 and a portion of the net sale proceeds are used to repay approximately USD 31 million of existing debt. The Company will have certain options to acquire the vessel during the charter period.

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099

Important information:
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction.
The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the
US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.
Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.

Forward-looking statements:
This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these
forward-looking statements.

5 December 2018

OKEANIS ECO TANKERS CORP.: PRIVATE PLACEMENT – ISSUE OF THE NEW SHARES; COMMENCEMENT OF TRADING IN NEW SHARES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OSE: OET-ME) (the “Company”) on 3 December 2018 regarding the successful private placement (the “Private Placement”) of 3,910,000 new shares (the “Offer Shares”) in the Company for a subscription price of NOK 66 per Offer Share, equalling gross proceeds of NOK 258 million, corresponding to approximately USD 30 million (based on a currency exchange rate of USD/NOK 8.55).

The Company has today issued the Offer Shares, which are now eligible for trading on the Merkur Market. Following issuance of the Offer Shares, the Company has an issued share capital of USD 31,310 divided into 31,310,000 common shares, each share with a nominal value of USD 0.001.

Fearnley Securities AS and Pareto Securities AS act as managers in the Private Placement. Advokatfirmaet BAHR AS acts as legal advisor in connection with the Private Placement.

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099
Mobile: +30 6972098171 

This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12.

This announcement is not and does not form a part of any offer for sale of any securities, and is for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register of its securities in the United States.

The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.

3 December 2018

OKEANIS ECO TANKERS CORP.: PRIVATE PLACEMENT SUCCESSFULLY PLACED

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OSE: OET-ME) (the “Company”) on 29 November 2018 regarding a contemplated private placement (the “Private Placement”) of new shares in the Company.

The Private Placement has been successfully placed within the applicable range, raising gross proceeds of USD 30 million, corresponding to approximately NOK 260 million (based on a currency exchange rate of USD/NOK 8.6), through the subscription of 3,910,000 new shares (the “Offer Shares”) at a subscription price of NOK 66 per share. Notices of allocation will be distributed to the investors on 3 December 2018.

The Company has agreed to enter into a USD 15 million unsecured revolving credit facility (the “Facility”) with an affiliate of the Company’s largest shareholder, Glafki Marine Corp, securing thereby inter alia the required cash liquidity and fulfilling certain criteria required in connection with its anticipated listing on Oslo Axess. The Facility will carry a 6.25% fixed interest rate, payable semi-annually, and matures in full 30 June 2020. The Company may repay the loan at any time prior to maturity without penalty. The Facility is covenant free and does not trigger any commitment fee.

Completion of the Private Placement is conditional upon the Offer Shares having been fully paid and legally issued. Settlement in the Private Placement will take place on 5 December 2018 with delivery of the Offer Shares expected to take place simultaneously (DVP T+2). Following issuance of the Offer Shares, the Company will have an issued share capital of approximately USD 310 million divided into 31,310,000 common shares, each with a nominal value of USD 0.01. The Offer Shares will be registered under ISIN MHY 641771016 in the VPS. Upon delivery, the Offer Shares will be tradable on Merkur Market under the trading symbol “OET-ME”.The share issue has been carried out as a Private Placement in order to take advantage of the current market conditions. Different transaction alternatives have been considered, and it has been concluded that the Private Placement structure would best attend to the common interest of the Company and its shareholders, taking into consideration inter alia a limited discount, pre-announced and broadly marketed placement, transaction risk, availability and expected terms of alternative transaction structure and financing sources.

With the previously announced bank financing commitments in place for three newbuildings, the expected debt financing commitment in respect of the last newbuilding, the successful completion of the Private Placement, and the availability of the Facility, the Company’s newbuilding program will be fully financed. Thus, the Company is well positioned to benefit from the expected strengthening tanker market going forward.

Fearnley Securities AS and Pareto Securities AS act as managers in the Private Placement. Advokatfirmaet BAHR AS acts as legal advisor in connection with the Private Placement.

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099
Mobile: +30 6972098171 

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

3 December 2018

OKEANIS ECO TANKERS CORP.: DISCLOSURE OF TRADE

Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OSE: OET-ME) (the “Company”) on 3 December 2018 regarding the private placement (the “Private Placement”) of 3,910,000 new shares in the Company.
Three primary insiders in the Company were allocated shares in the Private Placement at a subscription price of NOK 66 per share as follows:

  1. QVT Financial LP (“QVT”),was allocated 640,000 new shares,
  2. Ironsides Partners (“Ironsides”), was allocated 1,030,000 new shares, and
  3. VR Capital Group (“VR Capital”), was allocated 212,553 new shares.

Upon completion of the Private Placement,

  1. QVT will own 1,508,500 shares in the Company, equalling approximately 4.82% per cent of the Company’s common shares and votes;
  2. Ironsides will own 1,830,000 shares in the Company, equalling approximately 5.84% per cent of the Company’s common shares and votes; and
  3. VR Capital will own 1,698,033 shares in the Company, equalling approximately 5.42% per cent of the Company’s common shares and votes.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.

30 November 2018

OKEANIS ECO TANKERS CORP.: STATUS OF PRIVATE PLACEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

In furtherance of the announcement by Okeanis Eco Tankers Corp. (the “Company”) yesterday, the Company has been informed by Fearnley Securities and Pareto Securities (acting as Managers in the private placement) that subscriptions have been received in an amount that will ensure that the combination of new equity and the RCF will meet the Company’s requirement of USD 45 million, within the subscription price range. As set out earlier, the bookbuilding period will close on 30 November 2018 at 16:00 CET unless other notice is given.

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099
Mobile: +30 6972098171 

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

29 November 2018

OKEANIS ECO TANKERS CORP.: CONTEMPLATED PRIVATE PLACEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

As indicated in its announcement dated 29 October 2018, Okeanis Eco Tankers Corp. (OSE: OET-ME) (the “Company”) is contemplating a private placement (the “Private Placement”) of new shares (the “Offer Shares”), which will be offered to investors subject to and in compliance with applicable exemptions from relevant prospectus or registration requirements. Targeted gross proceeds are USD 20-45 million corresponding to approximately NOK 171 – 385 million, at a subscription price in the range of NOK 66–68. The Company has retained Fearnley Securities AS and Pareto Securities AS as managers in the Private Placement (the “Managers”). Net proceeds will be used for (i) part financing of existing vessel newbuilding orders, (ii) working capital, and (iii) general corporate purposes.
The Private Placement is intended to secure required cash liquidity and for the Company to fulfill certain criteria required in connection with its anticipated listing on Oslo Axess. Regarding the former point, the Company has received commitments from an affiliate of its largest shareholder in respect of a revolving credit facility of up to USD 25 million, at terms deemed to be attractive to the Company, the final amount of which is intended to be reduced on a USD for USD basis to the extent the total amount of Offer Shares allocated exceeds USD 20 million. Several of the Company’s other large shareholders have also committed to participate in the Private Placement with an amount at or above that which is required to maintain their prorated ownership. Thus, depending on investor interest for Offer Shares, and considering price achieved and dilution resulting from the Private Placement, the Company expects to put satisfactory arrangements in place.
The bookbuilding and application period for the Private Placement will start today, 29 November 2018 at 16:45 CET and will close on 30 November 2018 at 16:00 CET. The Company reserves the right to close or extend the application period at any time at its sole discretion. The minimum order size and allocation in the Private Placement will be the NOK equivalent of EUR 100,000.
Allocation of Offer Shares will be made at the discretion of the Company’s Board of Directors in consultation with the Managers, on or about 30 November 2018, subject to any shortening or extension of the application period.
Completion of the Private Placement is conditional upon the necessary corporate resolutions in the Company being made and the Offer Shares having been fully paid and validly issued. The Private Placement will be cancelled if the conditions are not fulfilled, and may be cancelled by the Company in its sole discretion for any other reason.
The Offer Shares will be delivered through the Norwegian Central Securities Depository (the “VPS”). Payment for the Offer Shares is expected to take place on 04 December 2018 (the “Payment Date”) and the delivery of the Offer Shares is expected to take place on or about 04 December 2018 (the “Delivery Date”). The Offer Shares will be registered under ISIN MHY 641 771016 in the VPS. Upon delivery, the Offer Shares will be tradable on Merkur Market under the trading symbol “OET-ME”.

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099
Mobile: +30 6972098171 

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

29 November 2018

OKEANIS ECO TANKERS CORP.: SECURED USD 59 MILLION COMMITMENT FOR NEWBUILDING FINANCING

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Okeanis Eco Tankers Corp. (OSE: OET-ME) (the “Company”) has secured one additional firm commitment for a secured loan facility (the “Facility”) in the aggregate amount of USD 59 million from ABN Amro in respect of the financing of one of its VLCC newbuildings, hull 3050, under construction at Hyundai Heavy Industries (the “Vessel”). The Facility carries similar terms to the financings announced on 29 October 2018. The Company has now secured competitive financing for three of its last four VLCC newbuildings. The Company is in advanced discussions with potential lenders in respect of its last remaining unfinanced VLCC newbuilding and expects to conclude financing arrangements for this on substantially similar terms to the Facility by the end of the year, thus drawing to a close the debt financing of the Company’s newbuilding program.

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099
Mobile: +30 6972098171 

Important information:

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

29 October 2018

OKEANIS ECO TANKERS CORP. ANNOUNCES COMMITMENTS
FROM LENDERS FOR $116.3 MILLION OF NEW LOAN FACILITIES AND INITIATION OF PROCESS TO UPLIST TO OSLO AXESS

Okeanis Eco Tankers Corp. (the “Company”) announced that it has secured firm commitments for two secured loan facilities (the “Facilities”) for an aggregate amount of $116.3 million from Credit Suisse AG and BNP Paribas in respect of the financing of two of its VLCC newbuildings, hull 3051 (Credit Suisse – $58.125 million) and hull 3089 (BNP Paribas – $58.175 million), under construction at Hyundai Heavy Industries (the “Vessels”). The Facilities each carry an interest rate over Libor of less than 2.5%, a 6-year tenor, a blended average repayment profile of 17.5-years, and allow for drawdowns to finance pre-delivery yard instalments. These commitments mark the successful conclusion of the first step in the Company’s efforts to secure competitive financing for its last four VLCC newbuildings, in line with the Company’s previous guidance. The Company is in advanced discussions with potential lenders in respect of its two remaining unfinanced VLCC newbuildings and expects to conclude financing arrangements for these on substantially similar terms to the Facilities. While these discussions are yet to be concluded, the Company remains confident that bank finance on acceptable terms will be secured in respect of the two remaining VLCCs within November 2018, thus drawing to a close the debt financing of the Company’s newbuilding program.

In parallel, the Company has initiated the process of up-listing the Company’s shares from Merkur Markets to Oslo Axess, a regulated market operated by Oslo Børs ASA. In connection therewith, the Company will, inter alia, contact a select group of potential investors (including existing shareholders in the Company) to discuss a potential equity raise of up to USD 55,000,000. Depending on the circumstances, the Company may resolve to effect such equity raise as a private placement of common shares expected in the near term, with a view to satisfying the Oslo Axess listing requirements and financing the remaining equity portion of the Company’s newbuilding program. The information above is indicative, and as final details of a potential transaction have not yet been determined no assurance can be given that the Company will proceed with the indicated process. Fearnley Securities AS and Pareto Securities AS (the “Managers”) have been retained to arrange such meetings and, if so resolved, to arrange the placement that may arise.

For further information, please contact:

John Papaioannou
Chief Financial Officer
Okeanis Eco Tankers Corp.
Email: jvp@okeanisecotankers.com
Direct: +30 210 4804099
Mobile: +30 6972098171 

ABOUT OKEANIS ECO TANKERS CORP. 

Okeanis Eco Tankers is a pure play eco and scrubber fitted tanker company that owns and operates a fleet of 15 modern,
high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax segments.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with a potential equity increase and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to a potential equity increase and/or any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.