International Seaways Completes Share Exchange with Bruton Shareholders, Issues 1.62M Shares

International Seaways, Inc. has completed previously announced exchange transactions with key shareholders of Bruton Limited. These shareholders, representing approximately 50.5% of Bruton's outstanding common shares, exchanged their interests for an aggregate of 1,624,036 shares of International Seaways common stock. This transaction is a key step related to a planned merger.

Key Details

• Transaction Completion: The exchange transactions were completed on October 20 and 21, 2026.
• Consideration: Shareholders holding approximately 50.5% of Bruton Limited common shares received a total of 1,624,036 unregistered shares of International Seaways common stock.
• Securities Information: The shares were issued in a private transaction, exempt from registration under Section 4(a)(2) of the Securities Act of 1933.