Genco Shipping amends poison pill, raising ownership trigger to 15% for all shareholders

GENCO SHIPPING & TRADING LTD

Second Amendment to Shareholder Rights Agreement dated May 1, 2026 rescinds the earlier First Amendment.
Beneficial ownership threshold to become an Acquiring Person raised to 15% for all shareholders.
Board acted based on shareholder feedback; Rights Agreement otherwise remains in full force and effect.

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