B PLUS H OCEAN CARRIERS LTD

election_required = True...cord a total of fewer than 100 shares and so certified in the appropriate place on the Letter of Transmittal who properly tender all of their shares at or below the purchase price we determine and do not properly withdraw them prior to the Expiration Time and complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery; If the Company determines in its sole discretion that the purchase of all shares tendered by Odd Lot Holders would have a reasonable likelihood of reducing the ownership of the Company’s outstanding shares so that such shares would be held of record by fewer than 300 holders resid...

expiry = 2008-11-17...Cash by B+H OCEAN CARRIERS LTD. of Up to 600,000 Shares of its Common Stock at a Purchase Price Not Greater Than $5.00 nor Less Than $4.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON NOVEMBER 17, 2008 UNLESS THE OFFER IS EXTENDED. B+H Ocean Carriers Ltd. (the “Company,” “BHO,” “we” or “us”), a corporation organized under the law of Liberia, is offering to purchase up to 600,000 shares of its common stock, par value $0.01 per share (the...

mechanism = DUTCH...are offering to purchase up to 600,000 shares of our common stock, par value $0.01 per share. See Section 1. What will the purchase price for the shares be and what will be the form of payment? We are conducting the Offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price (in multiples of $0.125) within a price range specified by us at which you are willing to sell your shares. The price range for the Offer is $4.00 to $5.00 per share. After the Expiration Time, we will look at the prices chosen by stockholders for all of the shares properly tendered. We wil...

must_tender_all = True...properly withdrawn prior to the Expiration Time, we will purchase shares: · First, from all persons (“Odd Lot Holders”) who owned beneficially or of record a total of fewer than 100 shares and so certified in the appropriate place on the Letter of Transmittal who properly tender all of their shares at or below the purchase price we determine and do not properly withdraw them prior to the Expiration Time and complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery; If the Company determines in its sole discretion that the purchase of all shares tendered by Odd Lot...

price = USD 4.0-5.0...fied “Dutch Auction.” This procedure allows you to select the price (in multiples of $0.125) within a price range specified by us at which you are willing to sell your shares. The price range for the Offer is $4.00 to $5.00 per share. After the Expiration Time, we will look at the prices chosen by stockholders for all of the shares properly tendered. We will then select the lowest purchase price (in multiples of $0.125) that will allow us...

threshold = 100...such greater number of shares as we may elect to accept for payment, subject to applicable law) are properly tendered at or below the purchase price and not properly withdrawn prior to the Expiration Time, we will purchase shares: · First, from all persons (“Odd Lot Holders”) who owned beneficially or of record a total of fewer than 100 shares and so certified in the appropriate place on the Letter of Transmittal who properly tender all of their shares at or below the purchase price we determine and do not properly withdraw them prior to the Expiration Time and complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed...

txn_type = TENDER_OFFEREX-99.1 2 ex_99-1.htm OFFER TO PURCHASE, DATED OCTOBER 20, 2008 ex_99-1.htm 063595.001-1511615.8 Offer to Purchase for Cash by B+H OCEAN CARRIERS LTD. of Up to 600,000 Shares of its Common Stock at a Purchase Price Not Greater Than $5.00 nor Less Than $4.00 Per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON NOVEMBE...