GOGL - Issuance of new shares under the Company's 2010 Equity Incentive Plan
October 24 2016 - 11:03AM
Golden Ocean Group Limited (the "Company") advises that an
aggregate of 19,954 common shares, par value US$0.05 per share,
have been issued (the "Issuance") in connection with the Company's
2010 Equity Incentive Plan (the "Plan") and the restricted stock
unit ("RSU") award agreements related to the Plan. As a result of
the Issuance, there are currently no outstanding awards under the
Plan.
Included in the Issuance were 6,140 common
shares issued to Mr. Ola Lorentzon, director and chairman of the
Company's board of directors (the "Board"), and 4,605 common shares
issued to Mr. Hans Petter Aas, a director on the Board. Following
the Issuance, Mr. Lorentzon holds 16,877 common shares and Mr. Aas
holds 14,860 common shares of the Company, equal to approximately
0.016% and 0.014% of the Company's issued and outstanding common
shares, respectively.
Additionally, Golden Ocean Group Management
(Bermuda) Ltd., a wholly-owned subsidiary of the Company, and ICB
Shipping (Bermuda) Limited, a related party to the Company, each
surrendered and forfeited their right to receive the outstanding
RSUs awarded to each of them, including any vested RSUs that have
not been paid out and any related outstanding dividends payable in
cash or stock in respect of the forfeited RSUs.
Following the Issuance, the Company has
105,965,192 common shares outstanding, each with a par value of US$
0.05 and its share capital is US$5,298,260.
Questions should be directed to:
Birgitte Ringstad Vartdal: Chief Executive Officer, Golden Ocean
Management AS +47 22 01 73 53
Per Heiberg: Chief Financial Officer, Golden Ocean Management AS
+47 22 01 73 45
This information is subject to the disclosure requirements
pursuant to section 5 -12 of the Norwegian Securities Trading
Act.
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