Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 222

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 222
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 800 seafarers were serving on our owned vessels. As of December 31, 2024, CBI employed approximately 40 people, of which 20 people were also employed by Costamare Shipping and/or Costamare Services. As of December 31, 2023, Costamare Shipping, Costamare Services and the Agency Companies employed, in the aggregate, approximately 250 people and

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approximately 880 seafarers were serving on our owned vessels. As of December 31, 2023, CBI employed approximately 40 people, of which 23 people were also employed by Costamare Shipping and/or Costamare Services. As of December 31, 2022, Costamare Shipping, Costamare Services and the Agency Companies employed, in the aggregate, approximately 175 people and approximately 950 seafarers were serving on our owned vessels. As of December 31, 2022, CBI had three shore-based employees, of which one was also employed by Costamare Services. Our managers are responsible for recruiting, either directly or through manning agents, the officers and crew for our owned vessels that they manage. We believe the streamlining of crewing arrangements through our managers ensures that all of our owned vessels will be crewed with experienced crews that have the qualifications and licenses required by international regulations and shipping conventions.

| E. | Share Ownership |

The common shares beneficially owned by our directors and executive officers and/or entities affiliated with these individuals are disclosed in “Item 7. Major Shareholders and Related Party Transactions—7.A. Major Shareholders” below. Equity Compensation Plans We have not adopted any equity compensation plans.

| F. | Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation |

Not applicable.

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| ITEM 7. | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS |

| A. | Major Shareholders |

The information below describes the beneficial ownership of our shares prior to and immediately after completion of the spin-off and the Restructuring Transactions by:

| • | each person or entity that we know beneficially owns, or immediately following the spin-off and the completion of the Restructuring Transactions will (based on the assumptions described below) beneficially own, 5% or more of our shares; |

| • | each of our officers and directors; and |

| • | all our directors and officers as a