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Okeanis Eco Tankers Corp. – Director Resignations

1. Two directors, Knapp and Nemser, resigned effective October 10, 2025. 2. Resignations were not due to disagreements with the company. 3. Majority of the board remains independent; committee composition unchanged. 4. The company has a fleet of scrubber-fitted Suezmax and VLCC tankers. 5. Continued operational risks highlighted in forward-looking statements.

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Why Neutral?

Director resignations often lead to speculation, but they were amicable. Historical cases show that director changes can be non-impactful unless tied to controversies.

How important is it?

While director resignations are crucial, they are reassuringly non-disruptive here.

Why No Impact?

The board's majority independence suggests stability; past similar resignations had minimal long-term effects.

Related Companies

OET
October 13, 2025 00:00 ET  | Source: Okeanis Eco Tankers Corp ATHENS, Greece, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE:ECO / OSE:OET) today announced that each of Robert Knapp and Joshua Nemser have decided to resign as directors of the Company, effective October 10, 2025. The two resignations did not result from any disagreement with the Company or its management. The board of directors of the Company has not yet determined whether to reduce the size of the board or to fill the relevant vacancies. The board of directors remains comprised of a majority of independent directors. The composition of each of the committees of the board of directors remains the same and is unaffected by these resignations, except for the remuneration committee, which remains comprised of Charlotte Stratos and Francis “Frank” Dunne. Ioannis Alafouzos, Chairman of the board, stated:“We sincerely thank Robert and Joshua for their many contributions and dedication to Okeanis. They both served as directors since the beginning of our journey, over seven years ago. Their experience, expertise, and guidance, were instrumental in forming the path that the Company has taken. We regret that they have resigned and wish them well.”  Contacts Company:Iraklis Sbarounis, CFOTel: +30 210 480 4200ir@okeanisecotankers.com Investor Relations / Media Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue, Suite 1540, New York, N.Y. 10169Tel: +1 (212) 661-7566okeanisecotankers@capitallink.com About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.  Forward-Looking Statements This communication contains “forward-looking statements”, including as defined under U.S. federal securities laws. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “hope,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company’s filings with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company's operating or financial results; the Company's liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the U.S. Securities and Exchange Commission, which can be obtained free of charge on the U.S. Securities and Exchange Commission’s website at www.sec.gov. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

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