GOGL – 2020 Annual General Meeting

Rhea-AI Summary

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.

Positive

• Authorized share capital increased from US$10 million to US$15 million.
• Creation of additional 100 million common shares enhances capital structure.

Negative

• Potential dilution of existing shareholder value due to increased share count.

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
August 31, 2020

 

 

FAQ

What decision was made at the Golden Ocean Group Limited meeting on March 26, 2021?

Shareholders approved an increase in authorized share capital from US$10 million to US$15 million.

How many new common shares were created by Golden Ocean Group Limited?

Golden Ocean Group Limited created 100 million new common shares.

What will be the total number of common shares after the capital increase?

The total number of common shares will increase to 300 million.

What is the par value of the common shares for Golden Ocean Group Limited?

The par value for the common shares is US$0.05 each.

Where was the Special General Meeting held for Golden Ocean Group Limited?

The meeting was held at Par-la-Ville Place, Hamilton, Bermuda.