Glafki Marine Corp. Discloses 11M+ Share Stake in Okeanis Eco Tankers

TL;DR

**Glafki Marine Corp. now controls 11M+ shares of Okeanis Eco Tankers, a big deal for OET's future.**

AI Summary

Glafki Marine Corp., a Marshall Islands-based entity, reported beneficial ownership of 11,018,937 common shares of Okeanis Eco Tankers Corp. as of December 31, 2023. This represents a significant stake, giving Glafki Marine Corp. shared voting and dispositive power over these shares. This matters to investors because a large institutional holding can signal confidence in the company's future, but also means a single entity has substantial influence over corporate decisions.

Why It Matters

This filing reveals a major shareholder's significant influence over Okeanis Eco Tankers, which could impact future strategic decisions and stock performance.

Risk Assessment

Risk Level: medium — A large block of shares held by one entity can lead to concentrated voting power, potentially influencing company direction in ways that may not always align with minority shareholders.

Analyst Insight

Investors should monitor future filings from Glafki Marine Corp. for any changes in their ownership stake, as significant increases or decreases could signal shifts in their confidence in Okeanis Eco Tankers Corp.'s prospects.

Key Numbers

• 11,018,937 — Shares Beneficially Owned (Represents the total common shares of Okeanis Eco Tankers Corp. that Glafki Marine Corp. has shared voting and dispositive power over.)
• $0.001 — Par Value per Share (The nominal value of each common share of Okeanis Eco Tankers Corp.)
• December 31, 2023 — Date of Event (The date that triggered the requirement for Glafki Marine Corp. to file this Schedule 13G.)

Key Players & Entities

• Glafki Marine Corp. (company) — reporting person and beneficial owner
• Okeanis Eco Tankers Corp. (company) — issuer of the securities
• Marshall Islands (company) — place of organization for Glafki Marine Corp.
• IOANNIS ALAFOUZOS (person) — group member

Forward-Looking Statements

• Glafki Marine Corp. will maintain its significant stake in Okeanis Eco Tankers Corp. for the foreseeable future. (Glafki Marine Corp.) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — e of Issuer) Common Shares, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• tm2333470d1_sc13g.htm (SC 13G) — 71KB
• 0001104659-24-000069.txt ( ) — 72KB

From the Filing

SC 13G 1 tm2333470d1_sc13g.htm SC 13G UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment ____)* OKEANIS ECO TANKERS CORP. (Name of Issuer) Common Shares, par value $0.001 per share (Title of Class of Securities) Y64177101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be CUSIP No Y64177101 1. NAMES OF REPORTING PERSONS Glafki Marine Corp. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Marshall Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 11,018,937 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 11,018,937 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,018,937 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable. 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 34.2%* 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO * Percentage calculations based on 32,194,108 common shares outstanding, which number of shares does not include any treasury shares held by the issuer. Page 2 of 8 pages CUSIP No Y64177101 1. NAMES OF REPORTING PERSONS Ioannis Alafouzos 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Greece NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 437,286* 6. SHARED VOTING POWER 11,018,937* 7. SOLE DISPOSITIVE POWER 437,286* 8. SHARED DISPOSITIVE POWER 11,018,937* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,456,223* 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable. 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 35.6%** 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN * Mr. Alafouzos may be deemed to beneficially own common shares through Glafki Marine Corp., a Marshall Islands corporation controlled by Mr. Alafouzos. Mr. Alafouzos disclaims beneficial ownership in the common shares reported herein except to the extent of his pecuniary interest therein. ** Percentage calculations based on 32,194,108 common shares outstanding, which number of shares does not include any treasury shares held by the issuer. Page 3 of 8 pages CUSIP No Y64177101 Item 1. (a). Name of Issuer: Okeanis Eco Tankers Corp. (the “Issuer”) (b). Address of Issuer's Principal Executive Offices: c/o OET Chartering Inc. Ethnarchou Makariou Ave., & 2 D. Falireos St. 185 47 N. Faliro, Greece Item 2. (a). Name of person filing: Glafki Marine Corp. ("Glafki") Ioannis Alafouzos ("Mr. Alafouzos" and together with Glafki, the "Reporting Persons") (b). Address of principal business office, or if none, residence: The principal business office of each Reporting Person is: Ethnarchou Makariou Ave., & 2 D. Falireos St. 185 47 N. Faliro, Greece (c). Citizenship: Glafki is a Marshall Islands corporation. Mr. Alafouzos is a Greek citizen. (d). Title of class of securities: Common Shares, par value $0.001 per share (e). CUSIP No.: Y64177101 Item 3. If This Statement is filed pursuant to Rules 240.13d-1(b), or 13d-2(b), or (c), check whether the person filing is a: Not applicable (a) Broker or dealer registered under Section 15 of the Act; (b) Bank as defined in Section 3(a)(6) of the Act; (c) Insurance company as defined in Section 3(a)(19) of the Act; (d) Investment company registered under Section 8 of the Investment Company Act of 1940; (e) An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); Page 4 of 8 pages (i) A church plan that is excluded from the definiti

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