Golden Ocean Group Ltd - GOGL STOCK NEWS

Golden Ocean Group has announced it will release its Q4 2024 financial results on Wednesday, February 26, 2025. The company will host a conference call and webcast at 3:00 P.M. CET (9:00 A.M. New York Time) on the same day.

The presentation materials will be available for download from the Investor Relations section of the company's website prior to the event. Participants can join via webcast through the company's website or register for the conference call online. A Q&A session will follow the presentation.

Golden Ocean Group (GOGL) has announced the appointment of Tonesan Amissah as Director of the Company. Ms. Amissah brings over 30 years of experience in international corporate law to the board. She currently serves as a Client Director at Ocorian Services (Bermuda) , where she oversees client service operations.

Ms. Amissah's professional background includes a partnership at Appleby (Bermuda) , where she led the funds & investment services team. She holds a law degree from the London School of Economics and Political Science, qualified as a Barrister in London in 1988, and was called to the Bermuda Bar in 1992. She is also a member of the Institute of Directors and serves as a director for insurance companies.

Golden Ocean Group (NASDAQ/OSE: GOGL) has announced the declaration of purchase options for eight Capesize vessels currently under long-term charter-in agreements with SFL subsidiaries. The total purchase price is set at $112 million en-bloc, with the options being exercised at the 10-year anniversary of the charter agreements.

The acquisition will be financed through a combination of a new $90 million revolving credit facility and cash on hand. The transaction is expected to complete during Q3 2025, subject to standard documentation and closing procedures.

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.

Golden Ocean Group (GOGL) has continued its share buy-back program, purchasing 545,000 of its own common stocks between December 11-17, 2024. The company acquired 420,000 shares on the Oslo Stock Exchange at an average price of NOK 101.62 per share and 125,000 shares on Nasdaq at an average price of USD 9.21 per share. Following these transactions, GOGL now owns 1,707,328 of its own shares, representing 0.85% 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.

Golden Ocean Group (GOGL) has announced its third quarter 2024 results presentation, which will be discussed in a webcast/conference call scheduled for 14:30 CET. Participants can join via webcast using the provided link or through a conference call requiring prior online registration. The presentation materials are available for download on the company's website, and a Q&A session will follow the presentation. A replay of the event will also be made available on the company's website.

Golden Ocean Group (NASDAQ/OSE: GOGL) reported Q3 2024 results with a net income of $56.3 million and earnings per share of $0.28, compared to $62.5 million and $0.31 in Q2 2024. The company achieved Adjusted EBITDA of $124.4 million, up from $120.3 million in Q2. TCE rates were $28,295 per day for Capesize and $16,361 for Panamax vessels. The company announced vessel sales, renewed its share buy-back program, secured a $150 million refinancing facility, and declared a cash dividend of $0.30 per share.

Golden Ocean Group has announced it will release its Q3 2024 financial results on Wednesday, November 27, 2024. The company will host a conference call and webcast at 2:30 P.M. CET (8:30 A.M. New York Time) on the same day. The presentation materials will be available for download from the company's Investor Relations website prior to the event. A Q&A session will follow the presentation, with participation details to be provided at the start of the session.

Golden Ocean Group (OSE/NASDAQ: GOGL) has announced the renewal of its share buy-back program for an additional 12 months, from 5 October 2024 to 4 October 2025. The program allows for the repurchase of up to 10,000,000 common shares, with a maximum expenditure of USD 100 million. As of the announcement date, 1,507,328 shares have been repurchased for USD 11,629,758.

The company will conduct repurchases on both the Oslo Stock Exchange and Nasdaq, reporting buy-backs in accordance with Oslo Stock Exchange disclosure requirements. The timing and amount of repurchases will depend on various factors, including market conditions and stock price.

Peder Simonsen, Interim CEO and CFO, stated that the program extension is in shareholders' interest, citing volatile market conditions and periods where GOGL shares traded at a discount to underlying substance values. The buy-back program will be used opportunistically alongside the company's focus on dividends.