-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EtT6SuccSiAro9qDr2KyTZWgznaNYmCE8o4Lv1lWZ8DTVBcuAOE/PKnCgjixW9WZ 2k71w8gYNHlIqlYO/1i7gA== 0000950144-08-004884.txt : 20080617 0000950144-08-004884.hdr.sgml : 20080617 20080617143923 ACCESSION NUMBER: 0000950144-08-004884 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080617 DATE AS OF CHANGE: 20080617 GROUP MEMBERS: ALEXIOS KOMNINOS GROUP MEMBERS: ATRION SHIPBUILDING CORP. GROUP MEMBERS: COMET SHIPHOLDING INC. GROUP MEMBERS: GEORGIOS KOUTSOLIOUTSOS GROUP MEMBERS: IOANNIS TSIGKOUNAKIS GROUP MEMBERS: PLAZA SHIPBUILDING CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEANERGY MARITIME CORP. CENTRAL INDEX KEY: 0001390707 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83156 FILM NUMBER: 08902906 BUSINESS ADDRESS: STREET 1: 10, AMFITHEAS AVENUE STREET 2: 17564 P. FALIRO CITY: ATHENS STATE: J3 ZIP: 000000 BUSINESS PHONE: 30-2109406900 MAIL ADDRESS: STREET 1: 10, AMFITHEAS AVENUE STREET 2: 17564 P. FALIRO CITY: ATHENS STATE: J3 ZIP: 000000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: United Capital Investments Corp. CENTRAL INDEX KEY: 0001436140 IRS NUMBER: 000000000 STATE OF INCORPORATION: N0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11 POSEIDONOS AVENUE CITY: ATHENS STATE: J3 ZIP: 167 77 BUSINESS PHONE: 30 210 8910 170 MAIL ADDRESS: STREET 1: 11 POSEIDONOS AVENUE CITY: ATHENS STATE: J3 ZIP: 167 77 SC 13D/A 1 g13896sc13dza.htm SEANERGY MARITIME CORP. Seanergy Maritime Corp.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1
)*
SEANERGY MARITIME CORP.
 
(Name of Issuer)
COMMON STOCK
 
(Title of Class of Securities)
Y 73760103
 
(CUSIP Number)
Evan Breibart
11 Poseidonos Avenue
Athens 167 77 Greece
+30 210 8910 170
 
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 6, 2008
 
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1 (f) or Rule 13d-1(g), check the following box. o
* 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 disclosures provided in a prior cover page.
The information required on 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 subject to all other provisions of the Act (however, see the Notes).


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 

 

           
1   NAMES OF REPORTING PERSONS

United Capital Investments Corp.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Liberia
       
  7   SOLE VOTING POWER
     
NUMBER OF   613,000
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,500,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,300,500
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  6,113,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  21.4%(1)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
(1) Calculated based upon 28,600,000 shares of Common Stock of the Issuer outstanding as of May 8, 2008, as reported on the Issuer’s Form 10-Q for the quarter ended March 31, 2008.


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 

 

           
1   NAMES OF REPORTING PERSONS

Atrion Shipbuilding Corp.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Marshall Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,500,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   687,500
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,500,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  19.2%(2)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
(2) Calculated based upon 28,600,000 shares of Common Stock of the Issuer outstanding as of May 8, 2008, as reported on the Issuer’s Form 10-Q for the quarter ended March 31, 2008.


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 

 

           
1   NAMES OF REPORTING PERSONS

Plaza Shipbuilding Corp.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Marshall Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,500,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   687,500
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,500,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  19.2%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
(3) Calculated based upon 28,600,000 shares of Common Stock of the Issuer outstanding as of May 8, 2008, as reported on the Issuer’s Form 10-Q for the quarter ended March 31, 2008.


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 

 

           
1   NAMES OF REPORTING PERSONS

Comet Shipholding Inc.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Marshall Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,500,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   687,500
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,500,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  19.2%(4)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
(4) Calculated based upon 28,600,000 shares of Common Stock of the Issuer outstanding as of May 8, 2008, as reported on the Issuer’s Form 10-Q for the quarter ended March 31, 2008.


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 

 

           
1   NAMES OF REPORTING PERSONS

Georgios Koutsolioutsos
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  PF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Greece
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,500,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   2,310,000
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,500,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  19.2%(5)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
(5) Calculated based upon 28,600,000 shares of Common Stock of the Issuer outstanding as of May 8, 2008, as reported on the Issuer’s Form 10-Q for the quarter ended March 31, 2008.


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 

 

           
1   NAMES OF REPORTING PERSONS

Alexios Komninos
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  PF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Greece
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,500,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   302,500
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,500,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  19.2%(6)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
(6) Calculated based upon 28,600,000 shares of Common Stock of the Issuer outstanding as of May 8, 2008, as reported on the Issuer’s Form 10-Q for the quarter ended March 31, 2008.


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 

 

           
1   NAMES OF REPORTING PERSONS

Ioannis Tsigkounakis
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  PF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Greece
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,500,000
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   137,500
       
WITH 10   SHARED DISPOSITIVE POWER
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,500,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  19.2%(7)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
(7) Calculated based upon 28,600,000 shares of Common Stock of the Issuer outstanding as of May 8, 2008, as reported on the Issuer’s Form 10-Q for the quarter ended March 31, 2008.


 

                     
CUSIP No.
 
Y 73760103 
  Page  
  of   
12 
ITEM 1.   Security and Issuer.
     This statement relates to the common stock, par value $0.0001 per share (“Common Stock”) issued by Seanergy Maritime Corp., a Marshall Islands corporation (the “Issuer”), whose principal executive offices are located at c/o Vgenopoulos and Partners Law Firm, 15 Filikis Eterias Square, Athens, 106 73, Greece.
ITEM 2.   Identity and Background.
     (a) — (c), (f) This statement is being filed by each of the persons identified below (collectively the “Reporting Persons”):
             
        Jurisdiction of    
        Incorporation or    
        Place of    
Name   Address   Citizenship   Occupation
United Capital
  c/o 11 Poseidonos Avenue   Liberia   N/A
Investments Corp.
  16777 Elliniko        
 
  Athens, Greece        
 
  Attention: Dale Ploughman        
Atrion Shipbuilding Corp.
  c/o 11 Poseidonos Avenue   Marshall Islands   N/A
 
  16777 Elliniko        
 
  Athens, Greece        
 
  Attention: Dale Ploughman        
Comet Shipholding Inc.
  c/o 11 Poseidonos Avenue   Marshall Islands   N/A
 
  16777 Elliniko        
 
  Athens, Greece        
 
  Attention: Dale Ploughman        
Plaza Shipbuilding Corp.
  c/o 11 Poseidonos Avenue   Marshall Islands   N/A
 
  16777 Elliniko        
 
  Athens, Greece        
 
  Attention: Dale Ploughman        
Bella Restis (1)
  c/o 11 Poseidonos Avenue   Greece   Business and Philanthropy
 
  16777 Elliniko        
 
  Athens, Greece        
Claudia Restis (1)
  c/o 11 Poseidonos Avenue   Greece   Business and Philanthropy
 
  16777 Elliniko        
 
  Athens, Greece        
Katia Restis (1)
  c/o 11 Poseidonos Avenue   Greece   Business and Philanthropy
 
  16777 Elliniko        
 
  Athens, Greece        
Victor Restis (1)
  c/o 11 Poseidonos Avenue   Greece   Business and Philanthropy
 
  16777 Elliniko        
 
  Athens, Greece        
Georgios Koutsolioutsos
  c/o Vgenopoulos and   Greece   Vice President, Folli
 
  Partners Law Firm       Follie, S.A. and
 
  15 Filikis Eterias Square       Chairman of the Board of
 
  Athens, 106 73, Greece       Issuer
Alexios Komninos
  c/o Vgenopoulos and   Greece   Chief Operating Officer,
 
  Partners Law Firm       N. Komninos Securities,
 
  15 Filikis Eterias Square       S.A. and Chief Financial
 
  Athens, 106 73, Greece       Officer of Issuer
Ioannis Tsigkounakis
  c/o Vgenopoulos and   Greece   Attorney with
 
  Partners Law Firm       Vgenopoulos and Partners
 
  15 Filikis Eterias Square       Law Firm and Secretary
 
  Athens, 106 73, Greece       of Issuer
(1) The listed person is a shareholder of each of the corporate Reporting Persons.

 


 

                     
CUSIP No.
 
Y 73760103 
  Page  
10 
  of   
12 
     (d) – (e) None of the Reporting Persons has during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
ITEM 3.   Source and Amount of Funds or Other Consideration.
     The source of the funds for the acquisition of the Common Stock was the working capital of United Capital Investments Corp.
ITEM 4.   Purpose of Transaction.
     The purpose of the transactions is to increase United Capital Investments Corp.’s beneficial ownership by acquiring additional shares for investment purposes.
     Except as previously disclosed in the original Schedule 13D filed by the Reporting Persons on May 30, 2008, no Reporting Plan has any present plans or proposals which relate to or would result in the occurrence of any of the events described in Item 4 (a) through (j) of Schedule 13D.
ITEM 5.   Interest in Securities of the Issuer.
     (a) – (b) As of the date hereof, the Reporting Persons’ beneficial ownership is as set forth below:
                                         
    Percentage of Shares   Voting   Dispositive
Name   Beneficially Owned   Sole   Shared   Sole   Shared
United Capital Investments Corp.
    21.4 %     613,000       5,500,000       1,300,500       0  
Atrion Shipbuilding Corp.
    19.2 %     0       5,500,000       687,500       0  
Plaza Shipbuilding Corp.
    19.2 %     0       5,500,000       687,500       0  
Comet Shipholding Inc.
    19.2 %     0       5,500,000       687,500       0  
Georgios Koutsolioutsos
    19.2 %     0       5,500,000       2,310,000       0  
Alexios Komninos
    19.2 %     0       5,500,000       302,500       0  
Ioannis Tsigkounakis
    19.2 %     0       5,500,000       137,500       0  
     (c) On May 20, 2008, United Capital Investments Corp., Atrion Shipbuilding Corp., Comet Shipholding Inc. and Plaza Shipbuilding Corp. (collectively, the “Investors”), on the one hand, and Messrs. Panagiotis and Simon Zafet, on the other hand, entered into a stock purchase agreement (the “SPA”), pursuant to which Messrs. Panagiotis and Simon Zafet agreed to sell to the Investors 2,750,000 shares (the “Purchased Shares”) of the Issuer’s Common Stock and 8,008,334 warrants to purchase shares of the Issuer’s Common Stock (the “Warrants” and collectively with the Purchased Shares, the “Securities”) for an aggregate purchase price of $25,000,000.00. The Securities are subject to restrictions on transfer, and as a result, each of Messrs. Panagiotis and Simon Zafet transferred his beneficial interests in the Securities to the Investors, subject to a delayed recording of the transfer and delivery of the Securities, as required by the agreements pursuant to which the Securities are restricted.
     In addition, on each of June 5, 2008 and June 10, 2008, United Capital Investments Corp. purchased in open market transactions 413,000 shares and 200,000 shares of Common Stock, respectively, at $9.97 and $9.98 per share, respectively (the “Open Market Shares”).

 


 

                     
CUSIP No.
 
Y 73760103 
  Page  
11 
  of   
12 
ITEM 6.   Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
     Concurrently with entering into the SPA, the Issuer, the Issuer’s former Chief Executive Officer and Co-Chairman of the Board of Directors, Mr. Panagiotis Zafet, and the Issuer’s former Chief Operating Officer and director, Mr. Simon Zafet, the Investors and Georgios Koutsolioutsos, Alexios Komninos and Ioannis Tsigkounakis (Messrs Koutsolioutsos, Komninos and Tsigkounakis are collectively referred to as the “Insiders”) entered into a voting agreement (the “Voting Agreement”), a copy of which is incorporated herein by this reference for the original Schedule 13D filed on May 30, 2008. Because the Securities sold by Messrs. Panagiotis and Simon Zafet to the Investors could not be transferred of record to the Investors until the applicable lock-up period associated with the Securities expired, they are parties to the Voting Agreement.
     The Voting Agreement applies with respect to the voting of the Purchased Shares, the shares of the Issuer’s Common Stock issuable to the Investors pursuant to the terms of the Master Agreement and to the shares of the Issuer’s Common Stock issued to the Insiders prior to the Issuer’s initial public offering. The Voting Agreement does not apply to shares of the Issuer’s Common Stock issuable upon exercise of warrants or to shares of the Issuer’s Common Stock purchased in the open market, including the Open Market Shares.
     Under the terms of the Voting Agreement for a period of up to two years: (i) each of the Investors and the Insiders has the right to nominate, and each such other party shall vote its shares in favor of, the election of six directors appointed by the other group, and (ii) the Investors and the Insiders shall jointly nominate the thirteenth director. Notwithstanding the foregoing, in the event that either the Investors’ or the Insiders’ ownership of Common Stock subject to the Voting Agreement falls below certain agreed to thresholds, then the other group shall have the right to terminate the Voting Agreement prior to the expiration of the two-year term. In addition, the Voting Agreement provides that upon request of the Investors, the Issuer shall cause its officers, other than Mr. Ploughman, to resign as officers and the Investors shall have the right to appoint such officers’ replacements.
ITEM 7.   Materials to be Filed as Exhibits.
1.   Stock Purchase Agreement dated May 20, 2008.*
 
2.   Voting Agreement dated May 20, 2008*
 
3.   Joint Filing Agreement dated May 30, 2008 among United Capital Investments Corp., Atrion Shipbuilding Corp., Plaza Shipbuilding Corp., Comet Shipholding Inc., Georgios Koutsolioutsos, Alexios Komninos, Ioannis Tsigkounakis*
 
*   Previously filed as an exhibit to the Schedule 13D filed on May 30, 2008.

 


 

                     
CUSIP No.
 
Y 73760103 
  Page  
12 
  of   
12 
Signature
     After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: June 17, 2008
         
  UNITED CAPITAL INVESTMENTS CORP.
 
 
  By:   /s/ Evan Breibart    
    Name:   Evan Breibart   
    Title:   Attorney in fact   
 
  ATRION SHIPBUILDING CORP.
 
 
  By:   /s/ Evan Breibart    
    Name:   Evan Breibart   
    Title:   Attorney in fact   
 
  PLAZA SHIPBUILDING CORP.
 
 
  By:   /s/ Evan Breibart    
    Name:   Evan Breibart   
    Title:   Attorney in fact   
 
  COMET SHIPHOLDING INC.
 
 
  By:   /s/ Evan Breibart    
    Name:   Evan Breibart   
    Title:   Attorney in fact   
 
     
  /s/ Georgios Koutsolioutsos    
  Georgios Koutsolioutsos   
     
 
     
  /s/ Alexios Komninos    
  Alexios Komninos   
     
 
     
  /s/ Ioannis Tsigkounakis    
  Ioannis Tsigkounakis   
     
 

 

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