Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo vessels, and Navios Maritime Containers Inc. (“Navios Containers”) (Oslo OTC: NMCI), a growth vehicle dedicated to the container sector, announced on Oct. 19 that Navios Partners plans to distribute approximately 2.5% of the outstanding equity of Navios Containers to unitholders of Navios Partners in connection with the proposed listing of Navios Containers on a U.S. stock exchange as set forth in the registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission.
Following the distribution, Navios Partners will own approximately 33.5% of the equity in Navios Containers. It is anticipated that approximately 855,050 shares of common equity of Navios Containers will be distributed by Navios Partners to its unitholders, with the actual number of shares of common equity distributed depending on the number of units of Navios Partners that are issued and outstanding on the record date.
The common shares of common equity may not be distributed before the Navios Containers’ registration statement on Form F-1 has been declared effective by the Securities and Exchange Commission. There can be no assurance that Navios Partners’ distribution will occur on the terms contained in this release or that Navios Containers’ listing will be achieved. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The distribution may be made only by means of a prospectus. When available, copies of the prospectus related to the distribution may be obtained from by contacting Navios Maritime Partners L.P. at the telephone numbers or email addresses set forth at the end of this release.
