GOGL - Transactions made under the buy-back program

Rhea-AI Summary

Golden Ocean Group Limited (NASDAQ: GOGL) reported the acquisition of 150,000 of its own shares on December 7, 2022, as part of its $100 million buy-back program initiated on October 4, 2022. The shares were purchased at an average price of NOK 82.43 on the Oslo Stock Exchange and USD 8.20 on Nasdaq. Following this transaction, GOGL holds a total of 705,000 shares, representing 0.35% of its share capital.

Details of the buy-back program are available on the company's website, with further statements highlighting the inherent risks associated with forward-looking statements.

Positive

• Completed purchase of 150,000 shares under buy-back program.
• Total shares owned after purchase is 705,000, enhancing shareholder value.

Negative

• None.

Reference is made to the stock announcement on October 4, 2022, where Golden Ocean Group Limited (OSE/NASDAQ: GOGL) announced the commencement of its share buy-back program of maximum USD 100 million to purchase up to an aggregate of 10,000,000 of the company's common shares in a 12 months period from the announcement.

Golden Ocean Group Limited (“GOGL” or the “Company”) announces that the Company has on December 7, 2022, purchased 150,000 of the Company’s own common stocks. 50,000 of the shares have been bought on the Oslo Stock Exchange at an average price of NOK 82.43 per share and 100,000 of the shares have been bought on Nasdaq at an average price of USD 8.20 per share. Following the completion of the above transactions, GOGL owns a total of 705,000 of own shares, corresponding to 0.35% of the Company’s share capital.

An overview of all transactions made under the buy-back program that have been carried out during the above-mentioned date is attached to this report and available at www.newsweb.no.

December 12, 2022
Hamilton, Bermuda

For more info please contact:

Peder Simonsen, Chief Financial Officer of Golden Ocean Management AS.
Telephone +47 23 11 40 00

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

Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

Attachments

• Week 49 overview
• GOGL buyback Dec 7 Oslo Stock Exchange
• GOGL buyback Dec 7 Nasdaq

FAQ

What did Golden Ocean Group Limited announce on December 7, 2022, regarding its share buy-back program?

On December 7, 2022, Golden Ocean Group purchased 150,000 shares under its $100 million buy-back program.

How many shares has GOGL bought back as of December 7, 2022?

As of December 7, 2022, GOGL has bought back a total of 150,000 shares.

What was the average purchase price of GOGL shares on December 7, 2022?

The average purchase price was NOK 82.43 on the Oslo Stock Exchange and USD 8.20 on Nasdaq.

What percentage of share capital does GOGL own after the recent buy-back?

After the buy-back, GOGL owns 0.35% of its share capital.