Golden Ocean announces issuance of new shares in connection with delivery of vessel

By Finance

Reference is made to the stock exchange notice dated October 16, 2017 where Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (Golden Ocean or the Company) announced that it has entered into agreements to acquire two modern Capesize vessels from affiliates of Hemen Holding Limited, a company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family (Hemen), the Company's largest shareholder, at a purchase price of USD 43.0 million per vessel.

Golden Ocean announces issuance of new shares in connection with delivery of vessel
Caption: Bulk carrier Sea Behike (to be renamed Golden Behike) - Image courtesy of jkong

Golden Ocean Group announced yesterday that it has taken delivery of one vessel, Sea Behike (to be renamed Golden Behike).

Golden Ocean has issued 2,000,000 shares to Hemen as part of the purchase price for the vessel. Following this transaction, the Company's issued share capital is USD 7,106,884.85 divided into 142,137,697 issued shares, each with a nominal value of USD 0.05.

Source: GOGL