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GlobeNewswire·

Performance Shipping Inc. Announces $4.0 Million Share Buyback Plan

  • Performance Shipping Inc. (NASDAQ: PSHG) announced its Board of Directors approved a share repurchase plan effective immediately.
  • The company may repurchase up to $4.0 million of its outstanding common shares.
  • Repurchases may be executed pursuant to Rule 10b-18 or a Rule 10b5-1 trading plan.
  • Any share buybacks will occur at management's discretion based on market conditions, stock prices, liquidity, financial performance, alternative capital uses, applicable laws, stock availability, best interests of shareholders, \& the cost of repurchasing.
  • The plan does not obligate the company to purchase any shares, can be suspended, terminated, or modified at any time, \& expires on June 30, 2027.
  • Performance Shipping Inc. operates as a global shipping provider that owns tanker vessels utilized on spot voyages, pool arrangements, \& time charters.
Company
Performance Shipping Inc.
Keywords
Nasdaq:PSHG, Performance Shipping Inc.