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Bluewater Acquisition Corp. — Board/Management Information 2020
May 1, 2020
47615_rns_2020-05-01_eb60e19e-58ef-4d0f-bdd5-bdf7aacd219c.pdf
Board/Management Information
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Bluewater Acquisition Corp. (the “ Company ”) 1133 Yonge Street, Toronto, ON M4T 2Y7
Item 2 Date of Material Change
May 1, 2020
Item 3 News Release
A news release was issued by the Company on May 1, 2020 and distributed through GLOBE NEWSWIRE. The news release was subsequently filed on SEDAR under the Company’s SEDAR profile at www.sedar.com.
Item 4 Summary of Material Change
The Company appointed Fotis Giannakoulis to act as a director of the Company effective May 1, 2020.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
Effective March 20, 2020, Peter Karos resigned as Chief Executive Officer and Director of the Company, Mihalis Sapountzoglou was appointed as Chief Executive Officer and will continue to serve as Bluewater’s Chief Financial Officer; and Antonios Backos was appointed as Chief Operating Officer.
Effective May 1, 2020, the Company appointed Fotis Giannakoulis to act as a director of the Company. Mr. Giannakoulis has over 18 years of experience in capital markets, equity research, investment banking and ship financing. Between 2010 and 2019, he was the Lead Maritime Analyst at Morgan Stanley covering shipping, offshore, LNG, and energy infrastructure. In that capacity, he was the topranked shipping analyst by Reuter’s Starmine and Institutional Investors and played a critical role during his tenure in building Morgan Stanley’s dominant position as the highest-ranked underwriter in the maritime sector. Prior to Morgan Stanley, Mr. Giannakoulis was an investment banker and credit analyst at Fortis Bank (sold to ABN AMRO & BNP Paribas) and Poten Capital Services. He has worked on debt and equity financing assignments, advising institutional investors and assisting companies raise in excess of $40 billion.
Mr. Giannakoulis holds a Bachelors degree in Economics from University of Piraeus and he earned his MBA with high honors from Loyola University Chicago, where he was the Walter F. Mullady scholar.
5.2 Disclosure for Restructuring Transaction
Not Applicable
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not Applicable.
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Item 7 Omitted Information
Not Applicable.
Item 8 Executive Officer
MIHALIS SAPOUNTZOGLOU President and Chief Executive Officer [email protected]
Item 9 Date of Report
May 1, 2020
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