Nicolaos Hadjioannou has sold shares worth around $1.5m in Safe Bulkers as part of a wider project for the family to increase liquidity.
The businessman, brother of Safe Bulkers chief executive Polys Hajioannou, has shed 492,000 shares via his investment company Kition since mid-November, according to an SEC filing.
It explains the sales may be followed by others as part of a scheme put in place “to enhance the liquidity position of Nicolaos Hadjioannou, the sole shareholder of Kition, for personal and family investment purposes”.
