Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 236

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 236
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 OF CONTENTS

| ITEM 10. | ADDITIONAL INFORMATION |

| A. | Share Capital |

Under our amended and restated articles of incorporation, which we will adopt in connection with the spin-off, our authorized capital stock will consist of common shares, par value $ per share, and preferred shares, par value $ per share. All of our shares are in registered form. Following the completion of the spin-off, we expect to have common shares and no preferred shares issued and outstanding. For further information on our shares, see “—Item 10.B. Memorandum and Articles of Association”.

| B. | Memorandum and Articles of Association |

Our purpose, as stated in our amended and restated articles of incorporation, will be to engage in any lawful act or activity for which corporations may now or hereafter be organized under the BCA. Our amended and restated articles of incorporation and bylaws will not impose any limitations on the ownership rights of our shareholders. Under our bylaws, annual shareholder meetings will be held at a time and place selected by our board of directors. The meetings may be held inside or outside of the Marshall Islands and may be virtual, subject to certain requirements. Special meetings may be called by the chairman of the board of directors, the chief executive officer or a majority of the board of directors. Our board of directors may set a record date between 15 and 60 days before the date of any meeting to determine the shareholders that will be eligible to receive notice and vote at the meeting. Our bylaws permit shareholder action by unanimous written consent. We are registered in the Republic of the Marshall Islands at The Trust Company of the Marshall Islands, Inc., Registrar of Corporation for non-resident corporations, under registration number 122047. Directors Under our bylaws, our directors will be elected by a plurality of the votes cast at each annual meeting of the shareholders by the holders of shares entitled to vote in the election. There will be no provision for cumulative voting. Pursuant to the provisions of our bylaws, the board of directors may change the number of directors to not less than three, nor more than 15, by a vote of a majority of the entire board. Each director, other than our initial directors, shall be elected to serve until the third succeeding annual meeting of shareholders and until his or her successor shall have been duly elected and qualified, except in the event of death, resignation or removal. The board of directors shall be divided into three classes, designated Class I, Class II and Class III.