Capital Maritime & Trading Corp. Amends 13D Filing

Ticker: CCEC · Form: SC 13D/A · Filed: Sep 3, 2024 · CIK: 1392326

Sentiment: neutral

Topics: ownership-change, sec-filing, amendment

TL;DR

Marinakis Group updates Capital Clean Energy stake - watch for ownership changes.

AI Summary

On September 3, 2024, Capital Maritime & Trading Corp. filed an amendment (No. 31) to its Schedule 13D regarding Capital Clean Energy Carriers Corp. The filing indicates changes in beneficial ownership for Evangelos M. Marinakis and Miltiadis E. Marinakis, who are part of the "EVANGELOS M. MARINAKIS GROUP MEMBERS" and "MILTIADIS E. MARINAKIS GROUP MEMBERS" respectively. The filing pertains to common shares of Capital Clean Energy Carriers Corp.

Why It Matters

This amendment signals potential shifts in control or significant holdings by key individuals within Capital Clean Energy Carriers Corp., which could impact the company's strategic direction or stock performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts for the company.

Key Players & Entities

FAQ

What specific changes in beneficial ownership are detailed in this Amendment No. 31?

The filing indicates changes in beneficial ownership for the EVANGELOS M. MARINAKIS GROUP MEMBERS and MILTIADIS E. MARINAKIS GROUP MEMBERS, but the exact percentage or number of shares is not detailed in the provided header information.

When was this amendment filed with the SEC?

This amendment was filed on September 3, 2024.

What is the primary business of Capital Clean Energy Carriers Corp.?

Capital Clean Energy Carriers Corp. is involved in DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT, as indicated by its SIC code [4412].

What was the former name of Capital Clean Energy Carriers Corp.?

The former name of Capital Clean Energy Carriers Corp. was Capital Product Partners L.P., with a name change date of March 7, 2007.

Who are the main entities involved in this filing besides the subject company?

The main entities involved are Capital Maritime & Trading Corp. as the filer, and the reporting groups associated with Evangelos M. Marinakis and Miltiadis E. Marinakis.

Filing Stats: 1,828 words · 7 min read · ~6 pages · Grade level 9.5 · Accepted 2024-09-03 17:00:57

Key Financial Figures

Filing Documents

is hereby amended and supplemented by adding the following

Item 4 is hereby amended and supplemented by adding the following: On August 29, 2024, Capital Maritime transferred 1,500,000 Common Shares to CGP LLC. Item5. Interest in Securities of the Issuer.

is hereby amended and restated as follows

Item 5 is hereby amended and restated as follows: (a) Capital Maritime beneficially owns 28,308,881 Common Shares, representing 48.5% of the outstanding Common Shares. The Marinakis family, including Evangelos M. Marinakis, may be deemed to beneficially own, in aggregate, 28,308,881 Common Shares through its beneficial ownership of Capital Maritime, representing, in aggregate, 48.5% of the outstanding Common Shares. The Marinakis family, including Mr. Miltiadis E. Marinakis, may be deemed to beneficially own, in aggregate, 6,153,846 Common Shares, representing 10.5% of the outstanding Common Shares, through Mr. Miltiadis E. Marinakis beneficial ownership of 100% of CGP LLC and 100% of Capital Gas. Disclosure contained in Item 4 is incorporated herein by reference. (b) CUSIP No. Y00408 107 Page 6 of 8 Reporting Person Shares Beneficially Owned % of Shares Beneficially Owned Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Capital Maritime (1) 28,308,881 48.5 % 0 28,308,881 0 28,308,881 Evangelos M. Marinakis (1) 28,308,881 48.5 % 0 28,308,881 0 28,308,881 Miltiadis E. Marinakis (2) (3) 6,153,846 10.5 % 0 6,153,846 0 6,153,846 (1) Capital Maritime shares voting and dispositive power over the 28,308,881 Common Shares that it beneficially owns with the Marinakis family, including Evangelos M. Marinakis. (2) CGP LLC shares voting and dispositive power over the 5,000,000 Common Shares that it beneficially owns with the Marinakis family, including Miltiadis E. Marinakis. (3) Capital Gas shares voting and dispositive power over the 1,153,846 Common Shares that it beneficially owns with the Marinakis family, including Miltiadis E. Marinakis. Neither the filing of the Schedule 13D nor any of its contents shall be deemed to constitute an admission that any of the Reporting Persons (other than Capital Maritime) or the persons set forth on Schedule A is the benefi

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: September 3, 2024 CAPITAL MARITIME & TRADING CORP. /s/ Gerasimos (Jerry) Kalogiratos Name: Gerasimos (Jerry) Kalogiratos Title: Chief Financial Officer EVANGELOS M. MARINAKIS /s/ Evangelos M. Marinakis MILTIADIS E. MARINAKIS /s/ Miltiadis E. Marinakis CUSIP No. Y00408 107 Page 8 of 8 SCHEDULE A Directors and Executive Officers of Capital Maritime: Name and Position Principal Business Address Citizenship Evangelos M. Marinakis Capital Maritime & Trading Corp. Greece Director and Chairman 3 Iassonos Street Piraeus, 18537, Greece Gerasimos (Jerry) Kalogiratos Capital Maritime & Trading Corp. Greece Director, President, Chief Executive Officer, Chief Financial Officer and Secretary 3 Iassonos Street Piraeus, 18537, Greece Pierre de Demandolx-Dedons Capital Maritime & Trading Corp. France Director 3 Iassonos Street Piraeus, 18537, Greece

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