Genco extends shareholder rights plan to Sept 30, 2027, eases Qualifying Offer terms

GENCO SHIPPING & TRADING LTD

Fourth Amendment to Shareholder Rights Agreement, dated September 25, 2026, extends the Final Expiration Date to September 30, 2027.
Minimum Qualifying Offer price measurement period shortened from 24 months to 12 months prior to the offer's commencement, and that price test no longer applies after the offer is made.
Board consideration and special-meeting periods to exempt a Qualifying Offer changed from 90 business days to 90 calendar days.
Amendment permits an offeror to withdraw an offer if a Material Adverse Effect has occurred and is continuing; other Rights Agreement provisions unchanged.
Board cited the advisory shareholder vote at the June 18, 2026 annual meeting approving extension plus shareholder feedback as basis for the change.

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