GOGL - Grant of share options to senior management

GOGL - Grant of share options to senior management

ID: 506429

(Thomson Reuters ONE) -


Golden Ocean Group Limited ("Golden Ocean" or the "Company") hereby announces
that 700,000 share options have been issued to senior management in accordance
with the terms of the Company's Share Option Scheme. The share options will have
a five-year term and will vest equally one third over a three-year vesting
period. The exercise price is USD 4.20. The exercise price will be adjusted for
any distribution of dividends made before the relevant options are exercised.

The following primary insiders have been allocated options according to the
above and they have the following number of shares and options in the Company:

+----------------------+-----------------+-------------------+-------------+
|Primary Insider |New Share options|Total share options|Shareholdings|
+----------------------+-----------------+-------------------+-------------+
|Birgitte Vartdal (CEO)| 225,000| 236,000| 11,300|
+----------------------+-----------------+-------------------+-------------+
|Thomas Semino (CCO) | 150,000| 150,000| 0|
+----------------------+-----------------+-------------------+-------------+
|Per Heiberg (CFO) | 100,000| 105,638| 3,000|
+----------------------+-----------------+-------------------+-------------+




November 11, 2016

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.





Source: Golden Ocean Group Limited via GlobeNewswire




Unternehmensinformation / Kurzprofil:
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Bereitgestellt von Benutzer: hugin
Datum: 11.11.2016 - 08:45 Uhr
Sprache: Deutsch
News-ID 506429
Anzahl Zeichen: 2164

contact information:
Town:

Hamilton



Kategorie:

Business News



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