Golden Ocean Group Ltd Stock Price, News & Analysis

Golden Ocean Group Limited has announced significant financial movements with the completion of a private placement that raised approximately USD 338 million through the issuance of 54,207,547 new shares at NOK 53.00 each. A subsequent offering of up to 2,710,377 shares aimed at eligible shareholders is set to raise an additional NOK 143.6 million. The Financial Supervisory Authority of Norway has approved a prospectus for listing these shares on the Oslo Børs, with trading to commence on April 15, 2021.

Golden Ocean Group Limited has announced that its 2021 Annual General Meeting will take place on May 26, 2021. Shareholders must note that the record date for voting is set for April 9, 2021. Details regarding the notice, agenda, and related materials will be provided prior to the meeting date. This announcement is compliant with the disclosure requirements of Section 5-12 of the Norwegian Securities Trading Act.

Golden Ocean Group Limited held a Special General Meeting on March 26, 2021, to discuss a significant change to its share capital. The shareholders approved a resolution to increase the authorized share capital from US$10 million (200 million common shares) to US$15 million (300 million common shares), allowing for the creation of an additional 100 million common shares. This move aims to provide the company with greater financial flexibility.

Golden Ocean Group Limited convened a Special General Meeting on March 26, 2021, where shareholders approved a resolution to increase the company’s authorized share capital. The capital will rise from US$10 million to US$15 million, allowing for the creation of 100 million additional common shares at a par value of US$0.05 each. This move expands the total common shares from 200 million to 300 million. The meeting took place in Hamilton, Bermuda.

Golden Ocean Group Limited (NASDAQ: GOGL) has filed its annual report on Form 20-F for the year ended December 31, 2020, with the U.S. Securities and Exchange Commission. The report is accessible on the company’s website www.goldenocean.bm and the SEC’s website. Shareholders may request a hard copy of the 2020 audited financial statements by contacting the Investor Relations department.

The Board of Golden Ocean Group Limited (NASDAQ and OSE: GOGL) announced that an option holder has exercised options to acquire 45,000 shares in the Company. These shares will be settled using treasury shares held by Golden Ocean. Following this transaction, the Company will retain 775,000 treasury shares.

This announcement is in accordance with previously disclosed terms and is subject to the disclosure requirements of the Norwegian Securities Trading Act.

The Board of Golden Ocean Group Limited (NASDAQ and OSE: GOGL) announced that an option holder has exercised options to acquire 25,000 shares in the Company. This exercise will be settled with treasury shares, resulting in 820,000 treasury shares held by Golden Ocean post-delivery. This information is aligned with the Company’s previous disclosures and follows the requirements of the Norwegian Securities Trading Act.

Golden Ocean Group Limited (GOGL) announced the resignation of Marius Hermansen as a Director, effective March 15, 2021. He served since September 2019. The Board expressed gratitude for his contributions. Mr. Bjørn Tore Larsen, who founded and chairs the OSM Maritime Group, will assume the directorship. Larsen also leads ADS Maritime Holdings Plc and OSM Aviation, bringing extensive maritime and aviation experience to the role. This change in leadership reflects GOGL's commitment to strategic growth and operational excellence.