Golden Ocean Group Limited: GOGL – Key information relating to repair issue to be carried out by Golden Ocean Group Limited...
February 18 2021 - 1:57AM
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN
WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
18 February 2021, Hamilton, Bermuda
Reference is made to the stock exchange release
by Golden Ocean Group Limited (NASDAQ and OSE: GOGL)
(“Golden Ocean” or the "Company”)
on 17 February 2021 regarding the successful completion of the
private placement of new shares in the Company (the
"Private Placement") and a potential subsequent
offering at the same subscription price as in the Private
Placement.
Date on which the terms and conditions of the
repair issue were announced: 17 February 2021
Last day including right: 17 February 2021
Ex-date: 18 February 2021
Record date: 19 February 2021
Date of approval: on or about 26 March 2021
Maximum number of new shares: 2,710,377
Subscription price: NOK 53.00
Other information:
The Subsequent Offering is conditional on (i)
completion of the Private Placement, (ii) the Company's
extraordinary general meeting to be held on or about 26 March 2021
(the "EGM") resolving to increase the Company's
authorized share capital at the EGM and the Board resolving to
issue the Subsequent Offering Shares, and (iii) approval and
publication of an offering prospectus approved by the Financial
Supervisory Authority of Norway, expected to take place in April
2021. The Board may cancel the Subsequent Offering, depending on
the prevailing market conditions and considerations of the
Company.
For further queries, please contact:
Ulrik Andersen: Chief Executive Officer, Golden
Ocean Management AS
+47 22 01 73 53
Peder Simonsen: Chief Financial Officer, Golden
Ocean Management AS
+47 22 01 73 45
This information is published in accordance with
the requirements of the Continuing Obligations issued by the Oslo
Stock Exchange.
Important information:
The release is not for publication or
distribution, in whole or in part directly or indirectly, in or
into Australia, Canada, Japan or the United States (including its
territories and possessions, any state of the United States and the
District of Columbia). This release is an announcement issued
pursuant to legal information obligations, and is subject of the
disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act. It is issued for information purposes only,
and does not constitute or form part of any offer or solicitation
to purchase or subscribe for securities, in the United States or in
any other jurisdiction. The securities mentioned herein have not
been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "US Securities Act"). The
securities may not be offered or sold in the United States except
pursuant to an exemption from the registration requirements of the
US Securities Act. The Company does not intend to register any
portion of the offering of the securities in the United States or
to conduct a public offering of the securities in the United
States. Copies of this announcement are not being made and may not
be distributed or sent into Australia, Canada, Japan or the United
States. The issue, exercise, purchase or sale of subscription
rights and the subscription or purchase of shares in the Company
are subject to specific legal or regulatory restrictions in certain
jurisdictions. Neither the Company nor the Managers assumes any
responsibility in the event there is a violation by any person of
such restrictions. The distribution of this release may in certain
jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction. The Managers are acting for the Company and no one
else in connection with the Private Placement and will not be
responsible to anyone other than the Company providing the
protections afforded to their respective clients or for providing
advice in relation to the Private Placement and/or any other matter
referred to in this release.
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.
Golden Ocean (NASDAQ:GOGL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Golden Ocean (NASDAQ:GOGL)
Historical Stock Chart
From Apr 2023 to Apr 2024