GOGL - Golden Ocean and CMB.TECH - Last Day of Trading in Golden Ocean shares
Rhea-AI Summary
Golden Ocean Group Limited (NASDAQ: GOGL) has announced that August 19, 2025 will be the last trading day for its shares, subject to approval at today's Special General Meeting and successful completion of its merger with CMB.TECH NV (NYSE: CMBT). The announcement follows the company's previous disclosure on August 18, 2025, which outlined key dates for the merger completion.
This marks a significant milestone in the merger process between Golden Ocean and CMB.TECH, with trading of GOGL shares set to cease on both NASDAQ and Euronext Oslo Børs exchanges.
Positive
- Strategic merger with CMB.TECH NV expanding market presence
- Dual-listed company consolidation potentially improving trading efficiency
Negative
- Delisting of GOGL shares from NASDAQ and Euronext Oslo Børs
- Uncertainty pending Special General Meeting approval
HAMILTON, Bermuda, 19 August 2025 – Reference is made to the stock exchange announcement on 18 August 2025 by Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) ("Golden Ocean") relating to the key dates for completion of the merger between Golden Ocean and CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (the "Merger").
Subject to timely approval by today’s Special General Meeting in Golden Ocean and completion of the Merger as set out therein, the last day of trading in and listing of the Golden Ocean shares will be today, 19 August 2025.
For further details on the timeline for completion of the Merger, see announcement on 18 August 2025.
About Golden Ocean
Golden Ocean is a Bermuda incorporated shipping company specialising in the transportation of dry bulk cargoes. The Golden Ocean fleet consists of 89 vessels, with an aggregate capacity of approximately 13.5 million deadweight tonnes. Golden Ocean's ordinary shares are listed on Nasdaq with a secondary listing on the Euronext Oslo Børs under the ticker symbol "GOGL".
For further queries, please contact:
Peder Simonsen, CEO of Golden Ocean Management AS
Telephone: +47 22 01 73 40
Randi Navdal Bekkelund, CFO of Golden Ocean Management AS
Telephone: +47 22 01 73 40
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
FAQ
When is the last trading day for Golden Ocean (GOGL) shares?
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What approvals are needed for the Golden Ocean and CMB.TECH merger?
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