GOGL - Mandatory Notification of Trade
(Thomson Reuters ONE) -
Hemen Holding Limited, a company indirectly controlled by trusts affiliated with
John Fredriksen and his family, has settled a TRS agreement (Total Return Swap)
underlying 1,423,001 shares in Golden Ocean Group Limited ("Golden Ocean")
expiring December 14, 2010. Hemen Holding Limited has subsequently entered into
a new TRS agreement with exposure to the same number of underlying shares. New
expiry date is March 14, 2011, and the new TRS price is NOK 8.6556 per share.
Hemen Holding Limited's affiliated ownership in Golden Ocean Group Limited is
not influenced by the TRS agreements. Drew Investment, a company controlled by
Tor Olav Trøim, has settled a TRS agreement underlying 800,000 shares in Golden
Ocean expiring December 14, 2010. Drew Investment has subsequently entered into
a new TRS agreement with exposure to the same number of underlying shares. New
expiry date is March 14, 2011, and the new TRS price is NOK 8.6556 per share.
Drew Investment and Tor Olav Trøims ownership in Golden Ocean is not influenced
by the TRS agreements.
Hamilton, Bermuda
December 15, 2010
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Golden Ocean Group via Thomson Reuters ONE
[HUG#1472631]
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2010 - 08:59 Uhr
Sprache: Deutsch
News-ID 49726
Anzahl Zeichen: 1919
contact information:
Town:
Hamilton
Kategorie:
Business News
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"GOGL - Mandatory Notification of Trade"
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