Filing Details

CUSIP No.

Y27183 600 

 

1.

NAME OF REPORTING PERSONS

 

 

Shipping Participations Inc.

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

[_]

 

 

(b)

[X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

OO

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

2,310,409

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

 

2,310,409

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING

 

 

PERSON

 

 

 

 

 

2,310,409

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

 

 

CERTAIN SHARES

 

[_]

 

 

 

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

6.4% (1)

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

Y27183 600 

 

1.

NAME OF REPORTING PERSONS

 

 

Shipping Investments Treasurer Inc.

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

[_]

 

 

(b)

[X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

OO

 

 

 

 

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

[_]

 

 

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

 

 

The Republic of the Marshall Islands

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

2,310,409

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

 

2,310,409

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING

 

 

PERSON

 

 

 

 

 

2,310,409

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

 

 

CERTAIN SHARES

 

[_]

 

 

 

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

6.4% (1)

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

CO

 

CUSIP No.

Y27183 600 

 

1.

NAME OF REPORTING PERSONS

 

 

Georgios Giouroukos

 

 

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a)

[_]

 

 

(b)

[X]

 

 

 

3.

SEC USE ONLY

 

 

 

 

 

 

 

4.

SOURCE OF FUNDS

 

 

 

 

 

OO

 

 

 

 

5.

CHECK BOX 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

 

7.

SOLE VOTING POWER

 

 

 

 

 

0

 

 

 

 

8.

SHARED VOTING POWER

 

 

 

 

 

2,310,409

 

 

 

 

9.

SOLE DISPOSITIVE POWER

 

 

 

 

0

 

 

 

 

10.

SHARED DISPOSITIVE POWER

 

 

 

 

 

 

2,310,409

 

 

 

 

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING

 

 

PERSON

 

 

 

 

 

2,310,409

 

 

 

 

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES

 

 

CERTAIN SHARES

 

[_]

 

 

 

 

 

 

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

 

 

 

6.4% (1)

 

 

 

 

14.

TYPE OF REPORTING PERSON

 

 

 

 

 

IN

 

CUSIP No.

Y27183 600 

 

Item 1.

Security and Issuer.

 

 

 

 

 

This Schedule 13D relates to the Class A common shares, par value $0.01 per share (the “Class A Common Shares”), of Global Ship Lease, Inc., a Marshall Islands corporation (the “Issuer”), having its principal executive offices at c/o Portland House, Stag Place, London SWIE 5RS, United Kingdom. 

Item 2.

Identity and Background.

 

 

 

This Schedule 13D is being filed on behalf the following:

 

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”).

 

As of the date of this filing, Shipping Participations, Shipping Investments Treasurer and Mr. Giouroukos may be deemed the beneficial owners of approximately 5.9% of the Issuer’s outstanding Class A Common Shares.

 

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.

 

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.

 

The identity, present principal occupation/employment, citizenship and business address of the sole director of each of the Reporting Persons (the “Principal”), other than Mr. Giouroukos, are set forth below. None of such Reporting Persons has any executive officers.

Dimitrios Tsiaklagkanos (Director)

13 Defteras Merarchias Street

Alassia Building

18535 Piraeus Greece

Lawyer

Greek

 

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).

 

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.

 

Item 3.

Source and Amount of Funds or Other Consideration.

 

 

 

The source of the funds used by the Reporting Persons to purchase the Class A Common Shares was working capital of Shipping Participations Inc.

 

 

Item 4.

Purpose of Transaction.

 

 

 

The Reporting Persons acquired the Common Stock for investment purposes. Mr. Giouroukos serves as an executive officer and director 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 intend to review their investment 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: (i) acquiring additional shares of Class A Common Stock 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, “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, b)

As of the date of this filing:

 

Shipping Participations, Shipping Investments Treasurer, and Mr. Giouroukos may be deemed to be the beneficial owners of 2,310,409 Class A Common Shares, representing approximately 6.4% of the Issuer’s outstanding Class A Common Shares. Shipping Participations, Shipping Investments Treasurer, and Mr. Giouroukos have the shared power to vote and dispose of these Class A Common Shares.

 

To the best of the Reporting Persons’ knowledge, the Principal does not beneficially own any Class A Common Shares.

 

Except as set forth in this Item 5, none of the Reporting Persons beneficially owns any Class A Common Shares.

 

 

(c)

No transactions in the Class A Common Shares were effected by the Reporting Persons during the past 60 days.

 

 

(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.

 

 

 

In connection with the sale of Class A Common Shares, Shipping Participations Inc. entered into a Lock-Up Agreement with B. Riley Securities, Inc. (the “Seller”), dated as of September 1, 2021, which is attached hereto as Exhibit 1 and is incorporated herein by reference.

 

 

Item 7.

Material to be Filed as Exhibits.

 

 

 

Exhibit 1. Form of Lock-up Agreement, dated September 1, 2021, between B. Riley Securities, Inc. and Shipping Participations Inc.

 

Date:  September 10, 2021

 

 

SHIPPING PARTICIPATIONS INC.

 

 

 

By:

/s/ Dimitrios Tsiaklagkanos

 

Name:

Dimitrios Tsiaklagkanos

 

Title:

Director

 

 

 

 

SHIPPING INVESTMENTS TREASURER INC.

 

 

 

By:

/s/ Dimitrios Tsiaklagkanos

 

Name:

Dimitrios Tsiaklagkanos

 

Title:

Director

 

 

 

 

GEORGIOS GIOUROUKOS

 

 

 

/s/ Georgios Giouroukos