GOGL - Key information in connection with reverse share split for GOGL and GOGL R
(Thomson Reuters ONE) -
Reference is made to the previous stock exchange notices from Golden Ocean Group
Limited (the "Company") regarding the 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. The following are key dates for the Reverse Split:
29 July 2016: Last day including right. This is the last day the
Company's shares will trade on a before Reverse Split basis on the Oslo Stock
Exchange.
1 August 2016: Ex-date. The Company's shares will trade on a
Reverse Split basis and with new ISIN (see below) on the Oslo Stock Exchange
from and including 1 August 2016.
2 August 2016: VPS Record Date.
3 August 2016: ISIN change in VPS effective.
The Company's shares trading under the symbol "GOGL" will assume the new ISIN
BMG396372051.
The Company's shares trading under the symbol "GOGL R" will assume the new ISIN
BMG396371301.
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 NASDAQ at the
last trading day prior to the effective date for the Reverse Split. The cash
payment is expected to be made to eligible shareholders during the week starting
8 August 2016.
Following the Reverse Split, the number of outstanding shares in the Company
will be reduced to a maximum of 105,945,786, subject to adjustment for
fractional shares.
July 25, 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#2030329]
Datum: 25.07.2016 - 08:50 Uhr
Sprache: Deutsch
News-ID 485002
Anzahl Zeichen: 2781
contact information:
Town:
Hamilton
Kategorie:
Business News
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"GOGL - Key information in connection with reverse share split for GOGL and GOGL R"
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Golden Ocean Group Limited (Nachricht senden)
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