The vessels were acquired for a combination of cash and shares. The vast majority of the cash portion of the transaction will be funded from senior secured financing which will be drawn within this week. Following these deliveries as well as the cancelation of the shares that have been acquired so far pursuant to the previously announced share repurchase programme of 29 November 2018, the company has 93 285 322 common shares issued and outstanding. Finally, on 8 January 2019 vessel M/V Star Delta, a 2001 built supramax vessel, was sold and delivered to her new buyers.
