In a recent filing with the US Securities and Exchange Commission, Greek billionaire George Economou reported increasing his position in Danaos Corporation (NYSE:DAC). The filing showed that Economou owns around 16.22 million shares of Danaos, which represent 14.78% of the company’s outstanding stock. The filing also showed that Economou’s Sphinx Investment Corp has acquired recently 4.75 million shares of Danaos Corporation, while the other 11.47 million shares were acquired back in 2010.
George Economou has a net worth of around $1.50 billion as of 2015 and serves as CEO, Chairman and President of Ocean Rig UDW Inc (NASDAQ:ORIG) and DryShips Inc. (NASDAQ:DRYS).
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Sphinx Investment Corp||16,221,621||0||16,221,621||0||16,221,621||14.78%|
|Maryport Navigation Corp||0||16,221,621||0||16,221,621||16,221,621||14.78%|
Page 1 of 14 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
(212) 506 3740
to Receive Notices and Communications)
(Date of Event which Requires Filing of this Statement)