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Diana Shipping calls on Genco to set annual meeting date
Diana Shipping Inc. has publicly urged Genco Shipping & Trading Limited to set the date for its 2026 annual meeting, expressing concern that Genco filed a preliminary proxy statement without confirming a meeting or record date. Diana Shipping, which owns nearly 15% of Genco, stated that shareholders deserve to vote on company matters, including Diana’s nominated directors, especially after Genco rejected Diana’s acquisition offer of $23.50 per share, citing undervaluation and inadequate premium. Genco has, in recent news, also been active in vessel acquisitions and sales.