A Global Ship Lease (GSL) investor's stake fallen by more than half as a result of a significant share issue carried out by the boxship owner.
US-based Nokomis Capital's stake in GSL has fallen to 3.4% from 7.4% because GSL issued 18.4m more shares in January, bringing its number of shares to 36.1m units.
GSL issued 13m shares when it converted preferred convertibles shares upon redeeming our high yield notes due 2022 and 5.4m
