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 June 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 September 14, 2010, and the new TRS price is NOK 8.8428 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 June 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 September 14, 2010, and the new TRS price is NOK
8.8428 per share. Drew Investment and Tor Olav Trøims ownership in Golden Ocean
is not influenced by the TRS agreements.
Hamilton, Bermuda
June 15, 2010
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1423881]
Unternehmensinformation / Kurzprofil:
Datum: 15.06.2010 - 07:25 Uhr
Sprache: Deutsch
News-ID 22393
Anzahl Zeichen: 0
contact information:
Town:
Hamilton
Kategorie:
Business News
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"GOGL - Mandatory Notification of Trade"
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