GOGL - LAST DAY OF TRADING IN SHARES OF GOLDEN OCEAN GROUP LIMITED
(Thomson Reuters ONE) -
March 31, 2015 - The closing of the previously announced merger between
Knightsbridge Shipping Limited ("Knightsbridge") and Golden Ocean Group Limited
("Golden Ocean") with Knightsbridge as the surviving entity is expected to occur
after the close of trading on the Oslo Stock Exchange on March 31, 2015. The
combined company will also change its name to Golden Ocean Group Limited on
March 31, 2015. Golden Ocean will be dissolved and delisted from the Oslo Stock
Exchange upon completion of the merger.
Shareholders of Golden Ocean as of the expiry of March 31, 2015 (cut-off date)
as they will appear in Golden Ocean's shareholders register with the VPS as of
expiry of April 7, 2015 (record date), will receive 0.13749 common shares of the
combined company for each share they own in Golden Ocean as of expiry of the
cut-off date as recorded with the VPS on the record date, rounded down to the
nearest whole common share. Delivery of shares will take place on April
8, 2015. The combined company will not issue any fractional shares and each
holder of a fractional share interest will be paid an amount in cash (without
interest) on or about April 15, 2015.
Trading in the shares of the combined company will commence on the Oslo Stock
Exchange on April 1, 2015. The combined company's shares will trade under its
existing ticker symbol "VLCCF" on the Oslo Stock Exchange on April 1, 2015.
Commencing on April 7, 2015 and thereafter, the shares of the combined company
will trade under the ticker symbol "GOGL" on the Oslo Stock Exchange. The
combined company's shares will begin trading on the Nasdaq Global Select Market
under the ticker symbol "GOGL" on April 1, 2015.
Trading in the combined company's shares on the Oslo Stock Exchange will begin
before delivery of the shares to eligible shareholders' VPS accounts, and
accordingly no account-to-account transactions and no transactions with
settlement prior to April 8, 2015 will be allowed in this period.
Any changes in the indicative timing of the consummation of the merger and the
first day of trading of the shares in the combined company will be published by
Golden Ocean and Knightsbridge through the Oslo Stock Exchange information
system under the ticker symbols "GOGL" and "VLCCF", respectively.
March 31, 2015
Golden Ocean Group Limited
Hamilton, Bermuda
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. Forward-looking statements 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, but not limited to "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 Golden Ocean believes 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 the control of Golden Ocean, Golden Ocean cannot assure
you that they, or the combined company resulting from the merger, will achieve
or accomplish these expectations, beliefs or projections. The information set
forth herein speaks only as of the date hereof, and Golden Ocean disclaims any
intention or obligation to update any forward-looking statements as a result of
developments occurring after the date of this communication.
Important Information For Investors And Shareholders
This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval. In
connection with the proposed transaction between Golden Ocean and Knightsbridge,
Knightsbridge has filed relevant materials with the Securities and Exchange
Commission (the "SEC"), including a registration statement of Knightsbridge on
Form F-4, including Amendments No. 1, 2 and 3 thereto, containing a joint proxy
statement of Golden Ocean and Knightsbridge that also constitutes a prospectus
of Knightsbridge. The registration statement has been declared effective by the
SEC on February 25, 2015, and Golden Ocean and Knightsbridge commenced mailing
the definitive joint proxy statement/prospectus to shareholders of Golden Ocean
and Knightsbridge on or about February 26, 2015. INVESTORS AND SECURITY HOLDERS
OF GOLDEN OCEAN AND KNIGHTSBRIDGE ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED WITH THE
SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to
obtain free copies of the registration statement and the joint proxy
statement/prospectus and other documents filed with or furnished to the SEC by
Knightsbridge through the website maintained by the SEC at http://www.sec.gov.
Copies of the documents filed with or furnished to the SEC by Knightsbridge will
be available free of charge on Knightsbridge's website at
http://www.knightsbridgeshipping.com. Additional information regarding the
participants in the proxy solicitations and a description of their direct and
indirect interests, by security holdings or otherwise, are contained in the
joint proxy statement/prospectus and other relevant materials to be filed with
or furnished to the SEC when they become available.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1907718]
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2015 - 08:02 Uhr
Sprache: Deutsch
News-ID 382248
Anzahl Zeichen: 6959
contact information:
Town:
Hamilton
Kategorie:
Business News
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"GOGL - LAST DAY OF TRADING IN SHARES OF GOLDEN OCEAN GROUP LIMITED"
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Golden Ocean Group (Nachricht senden)
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