GOGL - Transactions made under the buy-back program
Rhea-AI Summary
Golden Ocean Group (GOGL) has reported new transactions under its share buy-back program. Between December 20-23, 2024, the company purchased 80,000 of its own common stocks on the Oslo Stock Exchange at an average price of NOK 99.15 per share. Following these transactions, GOGL now owns 1,787,328 shares, representing 0.89% of the company's share capital. This is part of the previously announced USD 100 million buy-back program launched on October 2, 2024, which allows for purchasing up to 10,000,000 common shares over a 12-month period.
Positive
- Share buyback program demonstrates confidence in company value and returns capital to shareholders
- USD 100 million commitment shows substantial financial capacity for share repurchases
Negative
- None.
News Market Reaction
On the day this news was published, GOGL gained 2.17%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Reference is made to the stock announcement on October 2, 2024, where Golden Ocean Group Limited (OSE/NASDAQ: GOGL) announced the renewal of its share buy-back program of maximum USD 100 million to purchase up to an aggregate of 10,000,000 of the company's common shares in a 12 months period from the announcement.
Golden Ocean Group Limited (“GOGL” or the “Company”) announces that the Company has between December 20, 2024, and December 23, 2024, purchased 80,000 of the Company’s own common stocks on the Oslo Stock Exchange at an average price of NOK 99.15 per share. Following the completion of the above transactions, GOGL owns a total of 1,787,328 of own shares, corresponding to
An overview of all transactions made under the buy-back program that have been carried out during the above-mentioned date is attached to this report and available at www.newsweb.no.
December 30, 2024
Hamilton, Bermuda
For more info please contact:
Peder Simonsen, Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS.
Telephone +47 23 11 40 00
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
Attachments
FAQ
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