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 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.

Positive

• Exercise of options for 45,000 shares indicates active interest from option holders.
• Settling the option with treasury shares avoids cash outflow.

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 45,000 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 775,000 treasury shares.

March 17, 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 announcement from Golden Ocean Group Limited (GOGL)?

Golden Ocean announced that an option holder exercised options to acquire 45,000 shares, which will be settled using treasury shares.

How many treasury shares does Golden Ocean Group Limited hold after the recent option exercise?

After the exercise of options, Golden Ocean will hold a total of 775,000 treasury shares.

What is the significance of the recent option exercise for GOGL?

The exercise reflects confidence from option holders and maintains financial stability by using treasury shares instead of cash.