GOGL - Buyback of 3.07% Golden Ocean Group Limited Convertible Bond Issue 2014/2019 - ISIN NO 001 0701055
December 15 2017 - 9:56AM
Golden Ocean Group Limited (NASDAQ and OSE: GOGL)
("Golden Ocean" or the "Company") announces that the
Company has through market purchase executed December 15, 2017
bought $9,400,000 notional in the 3.07% Golden Ocean Group Limited
Convertible Bond Issue 2014/2019 - ISIN NO 001 0701055 at a price
of 96.85 per cent of par value.
After the purchase, Golden Ocean holds $9,400,000 notional
representing 4.7 per cent in the 3.07% Golden Ocean Group Limited
Convertible Bond Issue 2014/2019 - ISIN NO 001 0701055, convertible
into 106,636 shares in the Company at the current conversion
price.
December 15, 2017Hamilton, Bermuda
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
Forward-Looking Statements
Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements, which include statements concerning
plans, objectives, goals, strategies, future events or performance,
and underlying assumptions and other statements, which are other
than statements of historical facts. Words such as "believe",
"anticipate", "intends", "estimate", "forecast", "project", "plan",
"potential", "may", "should", "expect", "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press
release are based upon various assumptions. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections. The information set forth herein speaks only as of the
date hereof, and we disclaim any intention or obligation to update
any forward-looking statements as a result of developments
occurring after the date of this communication.
In addition to these important factors and
matters discussed elsewhere herein, important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the strength of
world economies, fluctuations in currencies and interest rates,
general market conditions, including fluctuations in charter hire
rates and vessel values, changes in demand in the dry bulk market,
changes in our operating expenses, including bunker prices,
drydocking and insurance costs, the market for our vessels,
availability of financing and refinancing, changes in governmental
rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general
domestic and international political conditions, potential
disruption of shipping routes due to accidents, political events or
acts by terrorists, and other important factors described from time
to time in the reports filed by the Company with the Securities and
Exchange Commission.
This information is subject to the disclosure
requirements of section 5-12 of the Norwegian Securities Trading
Act.