GOGL: Private Placement: Issue of New Shares
(Thomson Reuters ONE) -
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange notices published in connection with the
Private Placement of 343,684,000 new shares (the "New Shares") in Golden Ocean
Group Limited (the "Company").
The new shares have been validly issued, and the Company's issued share capital
has been increased to USD 5,163,596.37, divided into 516,359,637 issued shares,
each with a nominal value of USD 0.01.
The New Shares are restricted shares in the U.S., and are subject to a six month
holding period during which they cannot be traded in the U.S. The New Shares
will therefore be delivered and registered on a separate ISIN BMG396371145 and
listed on Oslo Børs only under a separate trading symbol "GOGL R", expected to
be on or about February 24, 2016.
During the second half of 2016, the New Shares are expected to be registered
with the ordinary ISIN BMG396371061 of the Company and thereafter commence to
trade under the Company's ordinary trading symbol "GOGL" and become freely
tradable on both Oslo Børs and NASDAQ Global Select Market.
February 23, 2016
Hamilton, Bermuda
Golden Ocean Group Limited
***
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements, which 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 "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 we believe 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 our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections. The information set forth herein
speaks only as of the date hereof, and we disclaim any intention or obligation
to update any forward-looking statements as a result of developments occurring
after the date of this communication.
In addition to these important factors and matters discussed elsewhere herein,
important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies, fluctuations in currencies and interest rates,
general market conditions, including fluctuations in charter hire rates and
vessel values, changes in demand in the dry bulk market, changes in our
operating expenses, including bunker prices, drydocking and insurance costs, the
market for our vessels, availability of financing and refinancing, changes in
governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes due
to accidents, political events or acts by terrorists, and other important
factors described from time to time in the reports filed by the Company with the
Securities and Exchange Commission.
This information is subject of 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#1988452]
Datum: 23.02.2016 - 12:01 Uhr
Sprache: Deutsch
News-ID 452665
Anzahl Zeichen: 5024
contact information:
Town:
Hamilton
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 175 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"GOGL: Private Placement: Issue of New Shares"
steht unter der journalistisch-redaktionellen Verantwortung von
Golden Ocean Group Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
