GOGL - Reverse share split
(Thomson Reuters ONE) -
Golden Ocean Group Limited (the "Company"), hereby announces that the Board of
Directors has resolved to carry out a 5-to-1 reverse share split of the
Company's ordinary shares (the "Reverse Split").
Upon effectiveness of the Reverse Split, every five shares of the Company's
issued and outstanding ordinary shares par value USD 0.01 per share will be
automatically combined into one issued and outstanding ordinary share par value
USD 0.05 per share. This will reduce the number of outstanding common shares
from 529,728,928 to a maximum of 105,945,786 (depending on fractions). The
effective date for the reverse share split, which means the first date the
shares will be traded on a reverse share split basis on NASDAQ and the OSE, will
be August 1, 2016.
No fractional shares will be issued in connection with the Reverse Split. The
Company will purchase fractional shares for cancellation for a cash payment
equal to the closing price per share for the Company's shares on the NASDAQ at
the last trading day prior to the effective date for the reverse share split.
July 14, 2016
Hamilton, Bermuda
Golden Ocean Group Limited
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#2028787]
Datum: 14.07.2016 - 22:15 Uhr
Sprache: Deutsch
News-ID 483496
Anzahl Zeichen: 1994
contact information:
Town:
Hamilton
Kategorie:
Business News
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"GOGL - Reverse share split"
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