SHAREHOLDERS RIGHTS AGREEMENTShareholders Rights Agreement • April 12th, 2007 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
Exchange Provision: Any time after the date an Acquiring Person obtains more than 15% of the company's common stock and before that Acquiring Person acquires more than 50% of the company's outstanding common stock, the company may exchange each right owned by all other rights holders, in whole or in part, for one share of the company's common stock.
