Polys Hajioannou beneficially owns 49,881,427 SAFE BULKERS shares, equal to 43.8% of the outstanding common stock, after receiving 1,500,000 shares in the September 9 private placement. The activist 13D position gives Hajioannou reported voting and disposition power over the stake, which investors must consider when assessing ownership control.

Key Highlights

  • The private Placement generated total gross proceeds of 80,400,000.
  • Polys Hajioannou may purchase or sell the offer shares subject to a lock-up agreement.
  • Polys Hajioannou beneficially owns 49,881,427 SAFE BULKERS common shares, representing 43.8% of outstanding stock.
  • The position includes shares held through Vorini Holdings Inc. and six wholly owned entities.

SAFE BULKERS, INC. (NYSE: SB) reports that Polys Hajioannou beneficially owns 49,881,427 common shares, representing 43.8% of the outstanding stock. Hajioannou participated in the company’s private placement through Moutoulas and received 1,500,000 offer shares. The reported position also includes shares held indirectly through Vorini Holdings Inc. and several entities wholly owned by Hajioannou. The disclosure says he may direct the voting and disposition of all 49,881,427 shares.

Hajioannou’s 43.8% Position

Hajioannou’s beneficial ownership is divided among seven entities. Vorini Holdings Inc. holds 19,426,015 shares, while Bellapais Maritime Inc. Kyperounta Maritime Inc. and Lefkoniko Maritime Inc. each hold 5,000,000 shares. Akamas Maritime Inc. holds 8,555,412 shares. Chalkoessa Maritime Inc. holds 5,400,000 shares, and Moutoulas holds the 1,500,000 shares allocated in the private placement. The ownership percentage is calculated against SAFE BULKERS’ 113,833,473 issued and outstanding common shares. The share count reflects the issuance connected with the private placement.

12,000,000 Shares Placed

SAFE BULKERS placed 12,000,000 new common shares with selected institutional investors through an accelerated bookbuilding process on September 9, 2026. The transaction increased the number of common shares used for the ownership calculation to 113,833,473 as of September 11, 2026.

Voting And Disposal Powers

Hajioannou may direct voting and disposal decisions across the combined 49,881,427-share position. The stated purpose includes participation in the private placement and the purchase or sale of offer shares as appropriate for personal circumstances.