Euroseas Ltd. · NASDAQ:ESEA
Euroseas — IPO Roadshow (May 2012)
12 slides from Euroseas's IPO roadshow presentation, May 30, 2012
Slide 1: Rights Offering Presentation
Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement No. 333-177014 Confidential Rights Offering Presentation May 30, 2012
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may re
Slide 3: Rights Offering Overview
Rights Offering Overview Ø Raise up to $15 million by offering approximately 13.85 million shares at $1.10 per share Ø All shareholders of record as of May 14, 2012 are eligible to participate Ø Rights Offering ends at 5:00 p.m., Eastern Daylight Time, on June 15, 2012, unless we extend the expirati
Slide 4: Why Pursue A Rights Offering Now
Why Pursue A Rights Offering Now Ø Pursue further acquisition opportunities Ø Both sectors we operate, drybulkers and containerships, will offer acquisition opportunities at historically low prices in the future Ø We are not raising cash due to any distress situation Ø We have more than $35 million
Slide 5: Asset Values at Historical Lows
Asset Values at Historical Lows 10-Year Secondhand Prices ? ? Page 5
Slide 6: Offering Details: Basic and Oversubscription Rights
Offering Details: Basic and Oversubscription Rights Ø Existing shareholders will receive the right to acquire 1 share for each 2.25 shares they owned on Ø May 14, issue We will 2102up(“basic subscription to a maximum right”) of 13,852,094 shares of common stock resulting in up to a maximum of 45,019
Slide 7: Rights Offering Economics
Rights Offering Economics Ø If participation in the rights offering is 100%, we will raise $15.2 million gross, or $14.9 million net Ø after offering Offering expenses expenses will cost amount approximately $0.01 per share Ø Shareholders who would not participate in the offering would suffer a math
Slide 8: Commitment of Founding Shareholder
Commitment of Founding Shareholder Ø Our founding shareholder, Friends Investment Company Inc., “Friends”, has indicated to us that it will exercise its basic subscription privilege in full and participate in the oversubscription Ø As of today, Friends holds approximately 11.2 million shares, or abo
Slide 9: Exercise Mechanics
Exercise Mechanics Ø Shareholders will receive a mailing with the prospectus supplement and instructions on how to exercise their subscription Ø In general, basic and oversubscription privileges forms and payment for both basic and oversubscription privilege are due by 5:00 p.m. on June Ø For 15, 20
Slide 10: Summary
Summary Ø Over the last 7 years, Euroseas has built a track record of being: Ø A conservative, value driven company Ø Focused on creating returns for our shareholders Ø We have maintained a strong balance sheet throughout the financial crisis and subsequent challenging years at the peak of the marke
Slide 11: Euroseas Contacts
Euroseas Contacts Euroseas Ltd. c/o Eurobulk Ltd 4, Messogiou & Evropis Street 151 25 Maroussi, Greece www.euroseas.gr euroseas@euroseas.gr Tel. +30-211-1804005 Fax.+30-211-1804097 or, Tasos Aslidis Nicolas Bornozis Chief Financial Officer Investor Relations Euroseas Ltd. Capital Link, Inc. 11 Cante
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