Welcome to our dedicated page for Golden Ocean Group news (Ticker: GOGL), a resource for investors and traders seeking the latest updates and insights on Golden Ocean Group stock.
Golden Ocean Group Limited (NASDAQ: GOGL, OSE: GOGL) is a Bermuda-based dry bulk shipping company specializing in the transportation of dry bulk cargo such as ores, coal, grains, and fertilizers. Operating under the international trade and development sector, the company is headquartered in Madrid, Spain. Golden Ocean Group leverages a robust fleet comprised of owned and chartered vessels, including bareboat vessels and commercial management vessels. These vessels are chartered out on both fixed-rate time charters and index-linked time charter contracts, ensuring flexibility and adaptability in various market conditions.
In recent developments, the company announced the appointment of Mr. Cato Stonex as Director. Additionally, Golden Ocean Group has been transparent with its financial performance, presenting its fourth quarter 2023 results in a webcast and conference call. The company's annual report for the year ended December 31, 2023, has been filed with the U.S. Securities and Exchange Commission and is accessible through their website. Shareholders can also request a hard copy of the report which includes the complete audited financial statements for 2023.
Looking ahead, Golden Ocean Group has scheduled its 2024 Annual General Meeting for April 29, 2024, with the associated information and financial statements available on their website. The company has also released its first-quarter 2024 results, offering insights through another webcast and conference call.
In a significant leadership change, Lars-Christian Svensen, the Chief Executive Officer of Golden Ocean Management AS, has stepped down to pursue new opportunities. The company's Chief Financial Officer, Peder Simonsen, has been appointed as the Interim CEO and CFO. The Board expressed their gratitude for Mr. Svensen's contributions and leadership, wishing him success in his future endeavors.
GOGL announced its first quarter 2021 results, achieving a net income of $23.6 million and earnings per share of $0.14, marking its best first quarter performance ever. Adjusted EBITDA was $54.6 million. The company entered a Heads of Agreement to acquire 15 dry bulk vessels and three newbuildings for $752 million. A successful $338 million private placement helped finance this acquisition. A cash dividend of $0.25 per share was announced, reflecting optimistic market expectations.
Golden Ocean Group Limited is set to release its financial results for Q1 2021 on May 20, 2021. A teleconference/webcast will take place at 03:00 P.M. CET (09:00 A.M. New York Time). Interested participants can access the presentation through the Investor Relations section at www.goldenocean.bm. To join, dial in using the provided international numbers and enter the Conference ID: 9661474. The presentation slides will be available for download before the event. Replay access details will be shared post-conference.
Golden Ocean Group Limited (NASDAQ: GOGL) announced the successful completion of its Subsequent Offering of new shares on 4 May 2021. The new shares, now issued and fully paid, have increased the company's share capital to USD 10,058,281.05, divided into 201,165,621 shares at a nominal value of USD 0.05 each. Share delivery to subscribers' VPS accounts is expected on or about 5 May 2021. The shares are restricted under U.S. securities laws, highlighting the company's compliance with legal obligations.
Golden Ocean Group Limited (NASDAQ: GOGL) announced the results of its Subsequent Offering, allocating a total of 2,710,377 shares at NOK 53.00 each, raising gross proceeds of NOK 143.6 million. Notifications of allocations will be sent to subscribers, with payment due by April 29, 2021. The new shares are subject to restrictions under U.S. law. The expected issuance date is May 3, 2021, with delivery to subscribers' VPS accounts on May 5, 2021. This communication adheres to the Norwegian Securities Trading Act's disclosure requirements.
Golden Ocean Group Limited (NASDAQ: GOGL) has concluded its Subsequent Offering period on April 26, 2021, allowing for the subscription of up to 2,710,377 new shares at NOK 53.00 each, aiming to raise approximately NOK 143.6 million. Preliminary results show an oversubscription with around 10,448,720 shares requested. Final allocations will be determined on April 27, 2021, with notifications sent to subscribers shortly after.
On April 26, 2021, Golden Ocean Group Limited announced the closing of its Subsequent Offering, allowing the subscription of up to 2,710,377 new ordinary shares at NOK 53.00 each. The subscription period ends at 16:30 CEST today, with unused subscription rights lapsing without value. Details about the offering can be found in the prospectus dated April 14, 2021. Arctic Securities AS and DNB Markets are the Managers for this offering. Notably, the offering does not constitute a public offering in the U.S., Canada, Australia, or Japan.
Golden Ocean Group Limited announces its 2021 Annual General Meeting will be held on May 26, 2021. Shareholders can access the Notice of Annual General Meeting and Consolidated Financial Statements on the company's website. The details are in compliance with the Norwegian Securities Trading Act. Interested parties can find the associated documents, including the 2020 Form 20-F and Notice of Annual General Meeting 2021.
Golden Ocean Group Limited announced approval of a prospectus by Norway's Financial Supervisory Authority on April 14, 2021. This includes the listing of 54,207,547 new shares from a previous private placement that raised USD 338 million. A subsequent offering will allow eligible shareholders to subscribe for up to 2,710,377 new shares at USD 53.00 each, beginning April 15, 2021, and ending April 26, 2021. The offering aims to raise NOK 143.6 million. These shares will trade on Oslo Børs under the ticker GOGL, with expected trading commencement on May 5, 2021.
Golden Ocean Group Limited has announced significant financial movements with the completion of a private placement that raised approximately USD 338 million through the issuance of 54,207,547 new shares at NOK 53.00 each. A subsequent offering of up to 2,710,377 shares aimed at eligible shareholders is set to raise an additional NOK 143.6 million. The Financial Supervisory Authority of Norway has approved a prospectus for listing these shares on the Oslo Børs, with trading to commence on April 15, 2021.
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