Okeanis Eco Tankers Corp. – Completion and pricing of USD 130 million offering of new common shares

ATHENS, Greece, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE: ECO, OSE: OET) is pleased to announce that it has successfully priced an offering of 3,611,111 new shares of the Company’s common stock, par value USD 0.001 per share (the “Offer Shares”), at a price of USD 36.00 per Offer Share, raising gross proceeds of approximately USD 130 million (the “Offering”).

The net proceeds from the Offering are expected to be used as partial consideration for the acquisition of two newbuilding Suezmax vessels (the “Vessel Acquisitions”), each currently under construction at Daehan Shipbuilding Co., Ltd., a South Korean shipyard, each from an unrelated third-party seller, for an acquisition price of USD 99.3 million per vessel. Each vessel is a sister vessel to the two vessels delivered in January 2026, and is expected to be delivered from the shipyard during the second quarter of 2026, subject to satisfaction of closing conditions for such delivery, including that the Company obtaining the necessary debt financing required to fully fund the Vessel Acquisitions beyond equity raised in the Offering. If one or both of the Vessel Acquisitions do not consummate, the net proceeds from the Offering may be used for general corporate purposes. The purchase of one vessel is not contingent on the purchase of the other.

Notification of allocation is expected to take place today, 21 January 2026, around 13:00 CET.

The Offering is expected to be completed by delivery of the allocated Offer Shares to investors through the Depository Trust Company (DTC) on a delivery versus payment basis on or about 23 January 2026 (DVP, T+2), subject to the satisfaction of customary closing conditions, including that the agreements for the Vessel Acquisitions remaining in full force and effect at the time of closing. The Offer Shares will be available for trading on New York Stock Exchange once the Offer Shares have been issued and settlement has taken place through the DTC, expected on or about 23 January 2026. After delivery of Offer Shares, such shares may be transferred from DTC to Euronext Securities Oslo (the "VPS") in accordance with the customary arrangements for transfers of the Company’s shares between DTC and VPS.