GOGL – Declaration of options

Rhea-AI Summary

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) announced that an option holder has exercised options for 20,000 shares of the Company.

The transaction will be settled using treasury shares, which will result in Golden Ocean holding a total of 755,000 treasury shares after the exercise. This information aligns with prior disclosures and is mandated under the Norwegian Securities Trading Act.

Positive

• Exercise of options for 20,000 shares demonstrates shareholder interest.
• Settlement with treasury shares indicates no impact on cash liquidity.

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 20,000 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 755,000 treasury shares.

September 9, 2021

The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda

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

 

FAQ

What does the recent option exercise mean for GOGL shareholders?

The exercise of options for 20,000 shares suggests continued shareholder engagement and confidence in Golden Ocean Group.

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

After the option exercise, Golden Ocean will hold a total of 755,000 treasury shares.

What is the stock symbol for Golden Ocean Group?

The stock symbol for Golden Ocean Group is GOGL.

When was the option exercise announced by Golden Ocean Group?

The option exercise was announced on September 9, 2021.