GOGL – 2025 AGM Results Notification

Rhea-AI Summary

Golden Ocean Group Limited (GOGL) held its 2025 Annual General Meeting on May 8, 2025, in Hamilton, Bermuda. The shareholders approved several key resolutions, including setting a maximum of eight Directors and re-electing six Directors: Patrick De Brabandere, Patrick Molis, James O'Shaughnessy, Tonesan Amissah, James Ayers, and Carl Erik Steen. The meeting also approved the reappointment of PricewaterhouseCoopers AS as auditors and authorized a Board remuneration package not exceeding US$750,000 for the year ending December 31, 2025.

News Market Reaction

%

1 alert

% News Effect

On the day this news was published, GOGL declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Golden Ocean Group Limited (the “Company”) advises that the 2025 Annual General Meeting of the Shareholders of the Company was held on 8 May 2025 at 08:30 hrs, at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2024 were presented to the Meeting.

In addition, the following resolutions were passed:

1. To set the maximum number of Directors to be not more than eight.
   
   
2. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorized to fill such vacancies as and when it deems fit.
   
   
3. To re-elect Patrick De Brabandere as a Director of the Company.
   
   
4. To re-elect Patrick Molis as a Director of the Company.
   
   
5. To re-elect James O’Shaughnessy as a Director of the Company.
   
   
6. To re-elect Tonesan Amissah as a Director of the Company.
   
   
7. To re-elect James Ayers as a Director of the Company.
   
   
8. To re-elect Carl Erik Steen as a Director of the Company.
   
   
9. To re-appoint PricewaterhouseCoopers AS as auditors and to authorize the Directors to determine their remuneration.
   
   
10. To approve remuneration of the Company’s Board of Directors of a total amount of fees not to exceed US$750,000 for the year ended 31 December 2025.
    
    

8 May 2025

The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

FAQ

When was Golden Ocean Group's (GOGL) 2025 Annual General Meeting held?

Golden Ocean Group's 2025 Annual General Meeting was held on May 8, 2025, at 08:30 hrs at Hamilton Princess and Beach Club in Bermuda.

Who were the directors re-elected to GOGL's board in the 2025 AGM?

Six directors were re-elected: Patrick De Brabandere, Patrick Molis, James O'Shaughnessy, Tonesan Amissah, James Ayers, and Carl Erik Steen.

What is the maximum number of directors approved for GOGL's board?

The maximum number of directors was set to not more than eight.

What is the approved board remuneration for GOGL directors for 2025?

The approved board remuneration package is not to exceed US$750,000 for the year ending December 31, 2025.