Eneti Inc. Announces the Repurchase of Common Stock

Monaco - Aug. 31, 2022

Eneti Inc. (NYSE:NETI) (the “Company”) announced today that it repurchased 2,292,310 shares of its common stock (the “Shares”) from INCJ, Ltd., for approximately $17.0 million.

The Company had issued the Shares to INCJ, Ltd. as part of the acquisition price paid by the Company to acquire Seajacks in August 2021.

The repurchase of the Shares was made under the Company’s existing board authorized repurchase plan. As of August 31, 2022, $14.9 million remains available under the repurchase plan.

About Eneti Inc.
Eneti Inc. is a leading provider of installation and maintenance vessels to the offshore wind sector and has invested in the next generation of wind turbine installation vessels.

The Company is listed on the New York Stock Exchange under the ticker symbol NETI. Additional information about the Company is available on the Company’s website: www.eneti-inc.com.

Eneti Inc. press release