Dated: November 2, 2020
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By:
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/s/ Andreas Michalopoulos
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Andreas Michalopoulos
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Chief Executive Officer, Director and Secretary
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The name of the Corporation is: Performance Shipping Inc.
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2. |
The Articles of Incorporation were filed with the Registrar of Corporations on the 7th day of January, 2010.
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The Articles of Incorporation were amended and restated in their entirety and filed with the Registrar of Corporations on the 19th day of February, 2010;
were further amended and restated in their entirety and filed with the Registrar of Corporations on the 5th day of March, 2010; and were further amended and restated in their entirety and filed with the Registrar of Corporations on
the 5th day of April, 2010 (the “Amended and Restated Articles of Incorporation”).
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The Statement of Designations of rights, preferences and privileges of the Corporation’s Series A Participating Preferred Stock was filed with the Registrar of
Corporations on the 2nd day of August, 2010.
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Articles of Amendment were filed with the Registrar of Corporations on the 8th day of June, 2016.
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The Statement of Designations of rights, preferences and privileges of the Corporation’s Series B-1 Convertible Preferred Stock was filed with the Registrar of
Corporations on the 21st day of March, 2017.
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The Statement of Designations of rights, preferences and privileges of the Corporation’s Series B-2 Convertible Preferred Stock was filed with the Registrar of
Corporations on the 21st day of March, 2017.
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The Statement of Designations of rights, preferences and privileges of the Corporation’s Series C Preferred Stock was filed with the Registrar of Corporations on the 30th
day of May, 2017.
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Articles of Amendment were filed with the Registrar of Corporations on the 3rd day of July, 2017.
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Articles of Amendment were filed with the Registrar of Corporations on the 26th day of July, 2017.
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Articles of Amendment were filed with the Registrar of Corporations on the 23rd day of August, 2017.
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Articles of Amendment were filed with the Registrar of Corporations on the 22nd day of September, 2017.
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Articles of Amendment were filed with the Registrar of Corporations on the 1st day of November, 2017.
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Articles of Amendment were filed with the Registrar of Corporations on the 25th day of February, 2019.
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Section D of the Amended and Restated Articles of Incorporation is hereby amended by adding the following paragraph to the end of such Section:
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All of the other provisions of the Amended and Restated Articles of Incorporation shall remain unchanged.
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This amendment to the Amended and Restated Articles of Incorporation was approved by the affirmative vote of a majority of all outstanding shares of the Corporation with a right to vote thereon at the Special Meeting of Shareholders of the Corporation held on October 29, 2020, and by the
Corporation’s Board of Directors on September 29, 2020 and October 29, 2020.
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/s/ Andreas Michalopoulos
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Name: Andreas Michalopoulos
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Title: Chief Executive Officer
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Corporate Contact:
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Andreas Michalopoulos
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Chief Executive Officer, Director and Secretary
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Telephone: +30-216-600-2400
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Email: amichalopoulos@pshipping.com
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Website: www.pshipping.com
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Investor and Media Relations:
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Edward Nebb
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Comm-Counsellors, LLC
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Telephone: + 1-203-972-8350
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Email: enebb@optonline.net
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Exited the container ship sector to focus exclusively on the tanker sector;
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Acquired four Aframax tankers;
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Chartered one of our tankers for approximately 18 months at $28,000 to a major national oil company;
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Simplified its capital structure, leaving only common shares outstanding;
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Appointed a new management team and maintained full transparency with all management functions performed in house; and
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Initiated a new variable quarterly dividend policy coupled with our specific low leverage target and declared our first dividend.
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