Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 238

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 16C
Chunk 238
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ant if Greater than

50%

Not applicable.

Item 16D. Exemptions from the Listing Standards for Audit

Committees

Our Audit Committee

consists of

two independent

members of our

Board of

Directors. Otherwise,

our Audit

Committee

conforms

to

each

other

requirement

applicable

to

audit

committees

as

required

by

the

applicable listing standards of the NYSE.

Item

16E.

Purchases

of

Equity

Securities

by

the

Issuer

and

Affiliated

Purchasers

On May 23, 2014, we announced that our

Board of Directors authorized a share repurchase

plan for up to

$100 million of the Company’s common shares. The

plan does not have an expiration date. During 2024,

we did

not repurchase

any shares

of common

stock and

as of

December 31,

2024 and

the date

of this

report, there

is an

outstanding value

of about

$66.3 million

of common

shares that

can be

repurchased

under

the

plan.

On

December

2,

2024,

the

Company

commenced

a

tender

offer

to

purchase

up

to

15,000,000 shares of its

outstanding common stock, at

$2.00 per share, using

funds available from cash

and

cash

equivalents.

The

tender

offer

was

settled

on

January

7,

2025

and

we

purchased

a

total

of

11,442,645 shares of common stock for an aggregate amount of $22.9 million.

Item 16F.

Change in Registrant’s Certifying Accountant

On May

21, 2024,

the Audit

Committee of

the Board

of Directors

approved and

signed the

engagement

letter

appointing

Deloitte

Certified

Public

Accountants

S. A.

(“ Deloitte”)

as

the

Company’s

independent

registered public accounting firm for the year ending December 31, 2024. The Company's annual general