[Correction] GOGL – Special General Meeting

Rhea-AI Summary

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.

Positive

• Increased authorized share capital to US$15 million, providing greater financial flexibility.

Negative

• None.

26.03.2021

Golden Ocean Group Limited (the “Company”) advises that a Special General Meeting of the Shareholders of the Company was held on March 26, 2021 at 9:00 a.m. at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton, Bermuda (the “Meeting”). The following resolution was in line with the proposal in the notice to the Meeting.

The Company’s authorized share capital be increased from US$10,000,000.00 divided into 200,000,000 common shares of US$0.05 par value each to US$15,000,000.00 divided into 300,000,000 common shares of US$0.05 par value each by the creation of 100,000,000 common shares of US$0.05 par value each.

Hamilton, Bermuda
March 26, 2021

 

FAQ

What was decided at the Golden Ocean Group Special General Meeting on March 26, 2021?

The meeting approved an increase in the authorized share capital from US$10 million to US$15 million.

How many additional shares will Golden Ocean Group create following the March 26 meeting?

Golden Ocean Group will create an additional 100 million common shares.

What is the new total authorized share capital for Golden Ocean Group?

The new total authorized share capital is US$15 million.

What was the purpose of increasing the share capital of Golden Ocean Group?

The increase in share capital is intended to provide the company with greater financial flexibility.