24 Mar 2009 10:24
Goldenport Holdings Inc.
Athens, 24 March 2009
Director / PDMR shareholding
In accordance with DTR3.1.4R, Goldenport Holdings Inc ('Goldenport' or the 'Company'), (LSE: GPRT) announces that under the provisions of the Company's 2008 Annual Incentive Plan, a total of 175,014 shares were allotted on 23 March 2009 as follows:
| Name | Position | Number of shares |
| Captain Paris Dragnis | Chief Executive Officer | 81,998 |
| Mr. Christos Varsos | Chief Financial Officer | 36,899 |
| Mr. Konstantinos Kabanaros | Chief Accounting Officer | 30,493 |
| Mr. John Dragnis | Commercial Director | 25,624 |
| TOTAL |
| 175,014 |
On 8 March 2009 the Board of Directors approved the financial statements for 2008 and authorised the issuance of the shares relating to the Full Share Award in accordance with the terms of the Annual Incentive Plan, as approved in the first Annual General Meeting of 17 May 2007. Under the terms of the Annual Incentive Plan, the number of shares granted to each participant was calculated by reference to the closing market value of the Company's shares on 9 March 2009 of 98.5p, being the date of the announcement of the full year results for 2008.
The participants have all the rights arising from holding existing shares, but during a restricted period of one calendar year, the participants are not allowed to sell, assign, exchange, transfer, pledge, hypothecate or otherwise dispose of or encumber the granted shares.
Immediately following the allotment, the participants have total beneficial interests in the Company's shares as follows:
| Name | Number of shares | % of total share capital |
| Captain Paris Dragnis | 41,912,442 | 59.78% |
| Mr. Christos Varsos | 50,311 | 0.07% |
| Mr. Konstantinos Kabanaros | 30,493 | 0.04% |
| Mr. John Dragnis | 482,173 | 0.69% |
Goldenport was notified of these transactions on 23 March 2009.
- ENDS -
For further information, please contact
Goldenport Holdings Inc.
Christos Varsos, Chief Financial Officer +30 210 8910500
Eleftheria Savvidaki, Company Secretary +30 210 8910500
Investor Relations Coordinators
Capital Link
Annie Evangeli - London +44 (0) 20 3206 1320
Nicolas Bornozis - New York +1 212 661 7566
E-mail: goldenport@capitallink.com
info@goldenport.biz
Further Information
Overview of Goldenport
Goldenport is an international shipping company that owns and operates a fleet of thirty container and dry bulk vessels that transport cargo worldwide. The fleet consists of sixteen container vessels (including two new-build vessels with deliveries scheduled for 2010 and 2011) and fourteen dry bulk carriers (including seven new-build vessels with deliveries scheduled for 2009, 2010 and 2011). Goldenport is listed on the London Stock Exchange under the ticker GPRT.
Website: www.goldenportholdings.com or www.goldenport.biz