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Re: GOGL - Acquisition of 16 modern dry bulk vessels & Announcement of commencement of USD 60 million equity offering > is compleatedPublished: 08:47 CET 15-03-2017 /GlobeNewswire /Source: Golden Ocean Group Limited / : GOGL /ISIN: BMG396372051 GOGL - USD 60 million equity
offering successfully completed Golden Ocean Group Ltd. (NASDAQ/OSE: GOGL) (the "Company") is pleased to announce that the offering (the "Offering") of new shares (the "New Shares") announced on March 14, 2017, has been successfully completed at NOK 60 per New Share (equalling USD 6.97 at a NOK/USD exchange rate of 8.6078), raising gross proceeds of NOK 516.5 million (approximately USD 60 million) through the issuance of 8,607,800 New Shares. The private placement received very strong interest from large institutional investors and was multiple times subscribed.
Upon completion of the Offering, Hemen Holding Ltd., the Company's largest shareholder will own an aggregate of 46,487,224 shares in the Company, equalling approximately 40.6 per cent of the Company's shares and votes following completion of the Offering. Further, upon completion of the vessel purchase transactions announced on March 14, 2017, Hemen will own an aggregate of 49,787,224 shares in the Company equalling approximately 37.6 per cent of the Company's shares and votes, and Quintana Shipping Ltd and subsidiaries will own 11.0 per cent of the Company's outstanding shares and votes and become the second largest shareholder of the Company. Notifications of allocation of New Shares will be distributed on or about March 15, 2017. The due date for payment for allocated New Shares is expected to be March 17, 2017. Subject to full payment of the New Shares, delivery of the New Shares allocated in the Offering is expected to be delivered to the subscribers in the Offering on or about March 17, 2017 and to be registered in the Norwegian Central Securities Depository (VPS) with the Company's ISIN BMG396372051 and commence to trade under the Company's trading symbol "GOGL" and become tradable on the Oslo Stock Exchange and NASDAQ on or about March 17, 2017. Following issuance of the New Shares, the Company will have 114,572,992 issued common shares each having a par value of USD 0.05. Following issuance of the consideration shares to Quintana and Hemen under the vessel purchase agreements announced on March 14, 2017, the Company will have 132,372,992 issued common shares each having a par value of USD 0.05. |
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Msg # | Subject | Author | Recs | Date Posted |
11309 | Re: GOGL - Acquisition of 16 modern dry bulk vessels & Announcement of commencement of USD 60 million equity offering > is compleated | bulkrzzz | 0 | 3/17/2017 4:53:30 PM |
11310 | Re: GOGL - Acquisition of 16 modern dry bulk vessels & Announcement of commencement of USD 60 million equity offering > is compleated | Read2_Learn | 0 | 3/27/2017 1:42:43 PM |