GOGL – Private placement: issue of New Shares
On 1 March 2021, Golden Ocean Group Limited (NASDAQ: GOGL) announced the completion of a private placement of new shares. The Company’s share capital has risen to USD 9,924,012.20, comprising 198,480,244 issued shares at a nominal value of USD 0.05 per share. The newly issued shares are registered under a separate ISIN and will remain unlisted and non-tradable on the Oslo Stock Exchange until a listing prospectus is approved by the Financial Supervisory Authority of Norway.
- Increased share capital to USD 9,924,012.20.
- 198,480,244 shares now issued, indicating investor interest.
- New shares are not tradable until the listing prospectus is approved, delaying liquidity.
1 March 2021, Hamilton, Bermuda
Reference is made to the stock exchange release by Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“Golden Ocean” or the "Company”) on 17 February 2021 regarding completion of the private placement of new shares in the Company (the "Private Placement").
The new shares have been legally and validly issued and fully paid, and the Company's issued share capital has been increased to USD 9,924.012.20, divided into 198,480,244 issued shares, each with a nominal value of USD 0.05.
The new shares are registered under a separate ISIN pending approval of a listing prospectus by the Financial Supervisory Authority of Norway, and will not be listed or tradable on the Oslo Stock Exchange until the listing prospectus is approved.
For further queries, please contact:
Ulrik Andersen: Chief Executive Officer, Golden Ocean Management AS
+47 22 01 73 53
Peder Simonsen: Chief Financial Officer, Golden Ocean Management AS
+47 22 01 73 45
FAQ
What is the latest update on Golden Ocean Group Limited's stock placement?
What is the share count after Golden Ocean's private placement?
Why are the new shares of Golden Ocean not tradable yet?
What is the nominal value of Golden Ocean's shares?
