GOGL – Declaration of options

Rhea-AI Summary

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.

Positive

• Exercise of options indicates active shareholder engagement.
• Settlement with treasury shares preserves cash flow.

Negative

• None.

 

The Board of Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“Golden Ocean” or the “Company”) announced an option holder has exercised options to acquire 25,000 shares in the Company in accordance with the terms previously disclosed. The option exercise will be settled in full with treasury shares held by the Company. Following the delivery of the shares, Golden Ocean will hold a total of 820,000 treasury shares.

March 15, 2021
Hamilton, Bermuda

The Board of Directors
Golden Ocean Group Limited

This information is subject to the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.

 

FAQ

What is the recent stock activity for Golden Ocean Group Limited (GOGL)?

Golden Ocean announced the exercise of options to acquire 25,000 shares, which will be settled with treasury shares.

How many treasury shares will Golden Ocean Group have after the recent option exercise?

After the option exercise, Golden Ocean Group will hold a total of 820,000 treasury shares.

When was the option exercise announced for Golden Ocean Group Limited (GOGL)?

The option exercise was announced on March 15, 2021.