Filing Details
- Accession Number:
- 0001140361-25-023209
- Form Type:
- 13D Filing
- Publication Date:
- 2025-06-19 20:00:00
- Filed By:
- Shipping Participations Inc.
- Company:
- Global Ship Lease Inc. (NYSE:GSL)
- Filing Date:
- 2025-06-20
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Shipping Participations Inc. | 0 | 2,730,423 | 0 | 2,730,423 | 2,730,423 | 7.7% |
| Shipping Investments Treasurer Inc. | 0 | 2,730,423 | 0 | 2,730,423 | 2,730,423 | 7.7% |
| Georgios Giouroukos | 0 | 2,730,423 | 0 | 2,730,423 | 2,730,423 | 7.7% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
|
Global Ship Lease, Inc. (Name of Issuer) |
Class A Common Shares, par value $0.01 per share (Title of Class of Securities) |
Y27183600 (CUSIP Number) |
c/o Technomar Shipping Inc. 3-5 Menandrou Str., Kifisia, Athens, J3, 14561 30 210 6233670 Filana R. Silberberg, Esq. Watson Farley & Williams LLP, 120 West 45th Street, 20th Floor New York, NY, 10036 (212) 922-2225 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
04/09/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | Y27183600 |
| 1 |
Name of reporting person
Shipping Participations Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
MARSHALL ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,730,423.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
Note to Row 13: Percentage calculation is based on 35,641,636 Class A Common Shares outstanding (which is based on 35,605,438 Class A Common Shares outstanding as of March 31, 2025, as reported by the Issuer on Form 6-K filed with the U.S. Securities and Exchange Commission (the "Commission") on May 20, 2025 plus 36,198 Class A Common Shares that are issuable to Shipping Participations Inc. as described in Item 3 herein).
SCHEDULE 13D
|
| CUSIP No. | Y27183600 |
| 1 |
Name of reporting person
Shipping Investments Treasurer Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
MARSHALL ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,730,423.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
Note to Row 13: Percentage calculation is based on 35,641,636 Class A Common Shares outstanding (which is based on 35,605,438 Class A Common Shares outstanding as of March 31, 2025, as reported by the Issuer on Form 6-K filed with the Commission on May 20, 2025 plus 36,198 Class A Common Shares that are issuable to Shipping Participations Inc. as described in Item 3 herein).
SCHEDULE 13D
|
| CUSIP No. | Y27183600 |
| 1 |
Name of reporting person
Georgios Giouroukos | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
GREECE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,730,423.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Note to Row 13: Percentage calculation is based on 35,641,636 Class A Common Shares outstanding (which is based on 35,605,438 Class A Common Shares outstanding as of March 31, 2025, as reported by the Issuer on Form 6-K filed with the Commission on May 20, 2025 plus 36,198 Class A Common Shares that are issuable to Shipping Participations Inc. as described in Item 3 herein).
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Class A Common Shares, par value $0.01 per share | |
| (b) | Name of Issuer:
Global Ship Lease, Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
9 Irodou Attikou Street, Kifisia, Athens,
GREECE
, 14561. | |
Item 1 Comment:
This Amendment No. 1 to Schedule 13D (this "Schedule 13D") amends and restates, in its entirety, the Schedule 13D that was filed by the Reporting Persons (as defined herein) on September 10, 2021, and is being filed primarily to reflect an increase in beneficial ownership of the Class A Common Shares by such Reporting Persons. | ||
| Item 2. | Identity and Background | |
| (a) | This Schedule 13D is being filed on behalf of the following persons:
Shipping Participations Inc., a Marshall Islands corporation ("Shipping Participations");
Shipping Investments Treasurer Inc., a Marshall Islands corporation ("Shipping Investments Treasurer"), and the sole shareholder of Shipping Participations; and
Georgios Giouroukos, a citizen of Greece and the sole shareholder of Shipping Investments Treasurer ("Mr. Giouroukos", and together with Shipping Participations and Shipping Investments Treasurer, the "Reporting Persons").
Attached as Exhibit A hereto and incorporated herein by reference is a list containing the (i) name, (ii) residence or business address, (iii) present principal occupation or employment and the name, principal business address of any corporation or other organization in which such employment is conducted, and (iv) citizenship, in each case of the sole director (the "Principal") of Shipping Participations and Shipping Investments Treasurer. There are no executive officers of Shipping Participations and Shipping Investments Treasurer. | |
| (b) | The principal business address and principal office address of each of the Reporting Persons is c/o Technomar Shipping Inc., 3-5 Menandrou Str., Kifisia 14561, Athens, Greece. | |
| (c) | The principal business of each of Shipping Participations and Shipping Investments Treasurer is acting as a holding company for investments in the shipping industry. Mr. Giouroukos is the Executive Chairman of the Issuer, the Founder, Managing Director, and majority beneficial owner of Technomar Shipping Inc., and the sole beneficial owner of ConChart Commercial Inc. | |
| (d) | The Reporting Persons, and to the best of their knowledge, the Principal, have not, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). | |
| (e) | The Reporting Persons, and to the best of their knowledge, the Principal, have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws. | |
| (f) | The information set forth in Item 2(a) above is hereby incorporated herein by reference. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
Shipping Participations acquired an aggregate of 2,694,225 Class A Common Shares in transactions directly with the Issuer (including through equity compensation awards under the Issuer's Omnibus Incentive Plan) and in open market transactions using funds from working capital. In addition, Shipping Participations has the right to acquire an additional 36,198 Class A Common Shares pursuant to a fully vested award to Mr. Giouroukos under the Issuer's Omnibus Incentive Plan. | ||
| Item 4. | Purpose of Transaction | |
Mr. Giouroukos serves as the Executive Chairman of the Issuer. Accordingly, the Reporting Persons may have influence on the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
The Reporting Persons acquired the Class A Common Shares for investment purposes.
The Reporting Persons review their respective investments in the Issuer on a continuing basis and may, from time to time and at any time in the future, depending on various factors, including, without limitation, the Issuer's financial position and strategic direction, actions taken by the Issuer's Board of Directors, price levels of the Issuer's securities, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, take such actions with respect to the investment in the Issuer as they deem appropriate. These actions may include, among others: (i) acquiring additional Class A Common Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer (collectively with the Class A Common Shares reported in this Schedule 13D, "Securities") in the open market or otherwise; (ii) disposing of any or all of their Securities in the open market or otherwise; (iii) engaging in any hedging or similar transactions with respect to the Securities; or (iv) proposing or considering one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.
Except as set forth herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | As of the date of this filing, Shipping Participations, Shipping Investments Treasurer, and Mr. Giouroukos may be deemed to be the beneficial owners of 2,730,423 Class A Common Shares, representing approximately 7.7% of the Issuer's outstanding Class A Common Shares. The percentage calculation is based on 35,641,636 Class A Common Shares outstanding (which is based on 35,605,438 Class A Common Shares outstanding as of March 31, 2025, as reported by the Issuer on Form 6-K filed with the Commission on May 20, 2025 plus 36,198 Class A Common Shares that are issuable to Shipping Participations Inc. as described in Item 3 herein).
To the best of the Reporting Persons' knowledge, the Principal does not beneficially own any Class A Common Shares. | |
| (b) | The Reporting Persons have the shared power to vote and dispose of 2,730,423 Class A Common Shares. | |
| (c) | To the best of the Reporting Persons' knowledge, transactions in the Class A Common Shares effected by the Reporting Persons during the past 60 days and not previously reported are set forth on Exhibit C-1 to this Schedule 13D. | |
| (d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Class A Common Shares beneficially owned by the Reporting Persons. | |
| (e) | Not applicable. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
As described herein, Mr. Giouroukos (or his designated nominee) has been, and is expected in the future to be, granted Class A Common Shares in accordance with the Issuer's Omnibus Incentive Plan, as may be amended and restated from time to time. As of the date of this filing, 108,599 Class A Common Shares may be issued to Shipping Participations pursuant to an award to Mr. Giouroukos under the Issuer's Omnibus Incentive Plan, of which 36,198 Class A Common Shares relating to such award have fully vested but have not yet been issued, and 72,401 Class A Common Shares are subject to certain vesting provisions prior to issuance. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit A - Additional Information to Item 2
Exhibit B - Joint Filing Agreement
Exhibit C-1 - Information with Respect to Transactions Effected | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature:
Each Reporting Person disclaims beneficial ownership in the Class A Common Shares reported herein except to the extent of their pecuniary interest therein. The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement; provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. |