GOGL - Transactions made under the buy-back program

Rhea-AI Summary

Golden Ocean Group Limited (GOGL) has announced the purchase of 45,000 of its own common stocks as part of its share buy-back program. 30,000 shares were bought on the Oslo Stock Exchange at an average price of NOK 74.52 per share, and 15,000 shares were bought on Nasdaq at an average price of USD 7.44 per share. Following these transactions, GOGL now owns a total of 1,812,328 of its own shares, corresponding to 0.90% of the Company's share capital.

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-month period from the announcement.

Golden Ocean Group Limited (“GOGL” or the “Company”) announces that the Company has during the week ending Friday 21 July 2023, purchased 45,000 of the Company’s own common stocks. 30,000 of the shares have been bought on the Oslo Stock Exchange at an average price of NOK 74.52 per share and 15,000 of the shares have been bought on Nasdaq at an average price of USD 7.44 per share. Following the completion of the above transactions, GOGL owns a total of 1,812,328 of own shares, corresponding to 0.90 % 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.

July 24, 2023
Hamilton, Bermuda

For more info please contact:

Peder Simonsen, Chief Financial Officer of Golden Ocean Management AS.
Telephone +47 22 01 73 40

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 29 - Overview
• GOGL buyback July 19 Oslo Stock Exchange
• GOGL buyback July 18 NASDAQ
• GOGL buyback July 18 Oslo Stock Exchange

FAQ

What is the share buy-back program announced by Golden Ocean Group Limited?

Golden Ocean Group Limited has announced a share buy-back program to purchase up to an aggregate of 10,000,000 of the company's common shares in a 12-month period.

How many shares has GOGL purchased under the buy-back program?

GOGL has purchased 45,000 of its own common stocks under the buy-back program.

At what prices were the shares bought?

30,000 shares were bought on the Oslo Stock Exchange at an average price of NOK 74.52 per share, and 15,000 shares were bought on Nasdaq at an average price of USD 7.44 per share.

What is the total number of shares GOGL now owns?

Following the recent transactions, GOGL now owns a total of 1,812,328 of its own shares.

What percentage of the Company's share capital does GOGL's owned shares represent?

GOGL's owned shares represent 0.90% of the Company's share capital.

Where can I find an overview of all transactions made under the buy-back program?

An overview of all transactions made under the buy-back program is available at www.newsweb.no.

Who can I contact for more information?

For more information, please contact Peder Simonsen, Chief Financial Officer of Golden Ocean Management AS, at Telephone +47 22 01 73 40.