Genco says advisers engage with Diana on revised bid offering USD 24.8 per share plus stock

• Board review continued on Diana Shipping’s revised proposal to buy remaining Genco shares for USD 24.80 cash plus one Diana share.
• Advisers held multiple recent discussions on price, terms, structure, aiming to reach consideration viewed as fully compensating Genco shareholders.
• Key issues include whether the offer reflects Genco NAV with a control premium, value risks in Diana stock, expected dilution from new issuance.
• Offer cash would be reduced by dividends declared, including Genco’s Q2 2026 dividend expected to be announced in early August.
• Board reiterated it will issue a formal response in due course; it also criticized Diana’s separate USD 24.80 tender offer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607231615PRIMZONEFULLFEED9767398) on July 23, 2026, and is solely responsible for the information contained therein.