LONDON, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today announced the
election of three Term I Directors at the Company’s Annual Meeting of Shareholders, held today in London.
The Directors, Philippe Lemonnier, Henry Mannix III and Alain Pitner, were elected to serve until the 2021 Annual Meeting of
Shareholders and until such time as a successor has been duly elected and qualified.
Additionally, Shareholders ratified the appointment of PricewaterhouseCoopers S.A. as the Company’s independent public
accounting firm for the fiscal year ended December 31, 2018.
About Global Ship Lease
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller
containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of
owning and chartering out containerships under mainly long-term, fixed-rate charters to top tier container liner companies.
On November 15, 2018, it completed a strategic combination with Poseidon Containers.
Global Ship Lease owns 38 vessels ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with
a total capacity of 198,793 TEU and an average age, weighted by TEU capacity, of 11.0 years determined as at December 31, 2018.
The average remaining term of the charters at December 31, 2018 was 2.5 years on a weighted basis.
Safe Harbor Statement
This press release contains forward-looking statements. 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. Words or phrases such as “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “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. These forward-looking statements are based on
assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these
forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the
forward-looking statements as a result of various factors, including the factors described in “Risk Factors” in the Company’s
Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time 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 press release. The Company undertakes no obligation to publicly revise any forward-looking statement to
reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.
Investor and Media Contact:
The IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438
