Aegean Marine Petroleum Network Inc., an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced that it has filed a registration statement with the Securities and Exchange Commission for the secondary offering by two of its shareholders of an aggregate of 6,750,000 shares of common stock.
Leveret International Inc., which is controlled by Aegean's founder, Dimitris Melisanidis, is expected to offer 6,500,000 shares of common stock and John P. Tavlarios, Director, is expected to offer 250,000 shares of common stock. The selling shareholders also intend to grant the underwriters of the secondary offering an option to purchase up to an additional 1,012,500 shares of common stock for purposes of covering over-allotments. Following the offering, the share ownership of Leveret International Inc. is expected to be 15,928,000 shares and the share ownership of John P. Tavlarios is expected to be 1,151,750 shares. The share ownership of the Company's Chairman, Peter Georgiopoulos, is expected to remain unchanged at 4,205,250 shares. The Company will not receive any proceeds from the shares of common stock sold by the selling shareholders.