2020 Bulkers Ltd. (2020) – Distribution of cash by way of a special dividend and share repurchases

Oslo, Norway, April 16, 2026
 

As separately reported, 2020 Bulkers Ltd (“2020 Bulkers” or the “Company”) have completed the sales of Bulk Santos, Bulk Santiago, Bulk Sydney, Bulk Sao Paulo, Bulk Shenzhen and Bulk Sandefjord, which have now all been delivered to their new owners. Following these sales, the Company has now sold all its vessels.

 
Based on this, and in line with the Company’s communicated strategy of returning capital, the Board of Directors of the Company has determined to return a total of approximately US$316.4 million to its shareholders, amounting to US$13.8 per share.
 
The capital return will be carried out through a payment of a one-time special dividend of US$13.8 per share. The remaining cash available to the Company after payment of the special dividend will amount to approximately US$4 million, and will be retained to enable the Company to capitalize on its platform, listing and management, and pursue potential strategic or other relevant value-creating opportunities.
 
To offer shareholders an alternative to receiving the special dividend, the Company will initiate share repurchases at a price equal to the NOK equivalent of US$13.8 per share. Both the special dividend and the share repurchases will be settled in NOK, based on the achieved exchange rate when converting the USD amount to a NOK amount during 16 April. The specific NOK amount will be announced separately.
 
The share repurchases will be conducted as market repurchases on Euronext Oslo Børs from 17 April 2026 and be concluded no later than 22 April 2026. The Company reserves the right to suspend or terminate the share repurchases at any time, without prior notice. The Company has appointed Clarksons Securities AS to manage the share repurchases.
 
Dividend: 
 
The Board has approved a special dividend of US$13.8 per share.
 
Key information:
 

Dividend amount: US$13.8 per share

 
Declared currency: US$
           
Date of approval: April 16, 2026
 
Last day including right: April 28, 2026
 
Ex-date: April 29, 2026
 
Record date: April 30, 2026
 
Payment date: On or about May 8, 2026

For further queries, please contact:
Lars-Christian Svensen, Chief Executive Officer
Telephone +47 476 38 756