GOGL - Cancellation of Fractional Shares
(Thomson Reuters ONE) -
April 8, 2015 - In connection with the previously announced closing of the
merger between Knightsbridge Shipping Limited (now renamed Golden Ocean Group
Limited) (the "Company") and Golden Ocean Group Limited ("Old Golden Ocean"),
the Company will today cancel 4,530 common shares, which account for the
fractional shares that will not be distributed to the Old Golden Ocean
shareholders as merger consideration. Also, as previously disclosed, the Company
plans to distribute cash In lieu of the fractional shares to shareholders of Old
Golden Ocean as of March 31, 2015, as registered in the shareholder register of
Old Golden Ocean on April 7, 2015.
Following the cancellation of shares, the Company will have 172,675,650 common
shares outstanding, with a par value of $ 0.01 per share.
April 8, 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.
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 Limited via GlobeNewswire
[HUG#1909516]
Datum: 08.04.2015 - 15:16 Uhr
Sprache: Deutsch
News-ID 384298
Anzahl Zeichen: 3106
contact information:
Town:
Hamilton
Kategorie:
Business News
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