Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 80

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 80
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 as well as our cash flows, including cash available to pay dividends to shareholders.

Our business depends upon certain members of our senior management and our affiliated managers and agencies who may not necessarily continue to work for us.

Our future success depends to a significant extent upon certain members of our senior management and our affiliated managers and agencies. Our affiliated managers and agencies and certain members of our senior management team are crucial to the execution of our business strategies and to the growth and development of our business. Jens Jacobsen has significant experience in the shipping industry, and his expertise is paramount to our agencies’ operations. If these individuals were no longer to be affiliated with us or our affiliated managers and agencies, or if we were to otherwise cease to receive services from them, we may be unable to recruit other employees with equivalent talent and experience, which could have a material adverse effect on our financial condition and results of operations.

Our chief executive officer has an affiliation with one of our agencies and our largest shareholder has affiliations with our affiliated managers, three of our agencies and others that could create conflicts of interest between us and our affiliated managers, our agencies or other entities in which they have an interest.

Our affiliated managers, which will provide services to us, our fleet and our vessel-owning subsidiaries under the Framework Agreement, the Services Agreement and the separate ship management agreements as the case may be, are controlled by our largest shareholder, Konstantinos Konstantakopoulos and a member of his family. Specifically, Costamare Shipping is controlled by Konstantinos Konstantakopoulos and Costamare Services is controlled by Konstantinos Konstantakopoulos and a member of his family. Costamare Shipping may subcontract certain of its obligations to affiliated sub-managers, such as Navilands and Navilands (Shanghai), both of which are also controlled by Konstantinos Konstantakopoulos, or subject to our consent to third party sub-managers. Following the spin-off and the completion of the Restructuring Transactions, Konstantinos**

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Konstantakopoulos will own approximately 28.6% of our common shares. In addition, pursuant to agreements dated November 14, 2022 (the “2022 Agency Agreements”), Local Agency A, Local Agency B and Local Agency C and pursuant to the agreement dated November 20, 2023 (together with the 2022 Agency Agreements, the “Agency Agreements”), Local Agency D provide chartering and other services