Scorpio Services buys fifth tranche of Scorpio Bulkers shares

Scorpio Services buys fifth tranche of Scorpio Bulkers shares

Scorpio Services Holding (SSH) has purchased 694,421 common shares in NYSE-listed Scorpio Bulkers, the fifth tranche of shares to be bought by the affiliate company since July.

SSH paid an average price of $1.62 per share for the tranche, which is a slight increase on the average $1.61 per share paid on September 1, when the company completed its acquisition of 552,481 common shares.

Scorpio Bulkers currently has 336,227,302 common shares outstanding, of which SSH now owns 6% (20,036,403 shares).

SSH technically and commercially manages the Scorpio fleet through its subsidiaries.

At the time of writing, Scorpio Bulkers’ stock is trading at $1.60 per share.

 

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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