Euroseas CEO reports share purchase, 33.3% ownership interest

By Lisa Kerner

Charlotte, N.C., Dec. 1 - Euroseas Ltd. investors led by Friends Investment Co. Inc. bought 753,126 shares of the company's stock between June 13 and Dec. 1 at prices from $3.11 to $13.29 each.

Friends Investment includes Euroseas chairman, president, chief executive officer and class A director Aristides J. Pittas.

Pittas and his affiliates beneficially own approximately 10.17 million, or 33.3%, of Euroseas' outstanding shares, according to a schedule 13D filed with the Securities and Exchange Commission.

Euroseas is a Maroussi, Greece-based owner and operator of drybulk and container vessels.

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