Golden Ocean Group Ltd Stock Price, News & Analysis

Golden Ocean Group Limited is set to publish its financial results for the second quarter of 2021 on August 26, 2021. A teleconference and webcast will occur at 4:00 P.M. CET (10:00 A.M. New York Time) on the same day. Investors can access the presentation on www.goldenocean.bm prior to the event. For participation, callers must provide their full name and the Conference ID 1877317. Replay details are also available for those unable to attend live. This announcement complies with the Norwegian Securities Trading Act.

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) has announced the termination of its joint venture with Capesize Chartering Ltd. (CCL), which coordinated the Capesize spot chartering services with other partners. CEO Ulrik Andersen stated that the company has modernized its fleet by acquiring 18 new dry bulk vessels. Golden Ocean believes it can now achieve greater commercial scale independently and gain better control over its commercial strategy and customer relations, enhancing its position in the market.

Golden Ocean Group Limited held its 2021 Annual General Meeting on May 26, 2021. The meeting presented audited financial statements for the year ending December 31, 2020. Key resolutions included setting a maximum of eight directors, re-electing several board members including John Fredriksen and approving auditor reappointment. The Board's remuneration was set at a maximum of $600,000 for 2021, and a reduction in Share Premium account was approved.

Golden Ocean Group Limited will present its first quarter 2021 results in a live webcast/conference call at 15:00 CET. Investors can join the event via the provided link or dial in using the applicable telephone numbers listed for various regions. A confirmation code is required for access. Presentation materials will be available for download on the company’s website. Replay details will also be provided. This announcement adheres to the disclosure requirements under the Norwegian Securities Trading Act.

GOGL announced its first quarter 2021 results, achieving a net income of $23.6 million and earnings per share of $0.14, marking its best first quarter performance ever. Adjusted EBITDA was $54.6 million. The company entered a Heads of Agreement to acquire 15 dry bulk vessels and three newbuildings for $752 million. A successful $338 million private placement helped finance this acquisition. A cash dividend of $0.25 per share was announced, reflecting optimistic market expectations.

Golden Ocean Group Limited is set to release its financial results for Q1 2021 on May 20, 2021. A teleconference/webcast will take place at 03:00 P.M. CET (09:00 A.M. New York Time). Interested participants can access the presentation through the Investor Relations section at www.goldenocean.bm. To join, dial in using the provided international numbers and enter the Conference ID: 9661474. The presentation slides will be available for download before the event. Replay access details will be shared post-conference.

Golden Ocean Group Limited (NASDAQ: GOGL) announced the successful completion of its Subsequent Offering of new shares on 4 May 2021. The new shares, now issued and fully paid, have increased the company's share capital to USD 10,058,281.05, divided into 201,165,621 shares at a nominal value of USD 0.05 each. Share delivery to subscribers' VPS accounts is expected on or about 5 May 2021. The shares are restricted under U.S. securities laws, highlighting the company's compliance with legal obligations.

Golden Ocean Group Limited (NASDAQ: GOGL) announced the results of its Subsequent Offering, allocating a total of 2,710,377 shares at NOK 53.00 each, raising gross proceeds of NOK 143.6 million. Notifications of allocations will be sent to subscribers, with payment due by April 29, 2021. The new shares are subject to restrictions under U.S. law. The expected issuance date is May 3, 2021, with delivery to subscribers' VPS accounts on May 5, 2021. This communication adheres to the Norwegian Securities Trading Act's disclosure requirements.

Golden Ocean Group Limited (NASDAQ: GOGL) has concluded its Subsequent Offering period on April 26, 2021, allowing for the subscription of up to 2,710,377 new shares at NOK 53.00 each, aiming to raise approximately NOK 143.6 million. Preliminary results show an oversubscription with around 10,448,720 shares requested. Final allocations will be determined on April 27, 2021, with notifications sent to subscribers shortly after.