Diana Shipping has laid out just under $15m in buying back almost 4.2 million shares.
The Simeon Palios-led company returned $14,999,998 in total back to stakeholders taking part in the share repurchase effort announced in late November.
Shares were offered at $3.60 each in cash through the close of the 21 December US east coast business day.
Because the offer was oversubscribed by about six million shares, the number of units bought from each shareholder was prorated so that the total came to 4.2 million.
