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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
4 May 2021, Hamilton, Bermuda
Reference is made to the inventory change launch by Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the “Company“) on 27 April 2021 concerning closing outcomes of a subsequent providing of new shares within the Company (the “Subsequent Offering“).
The new shares within the Subsequent Offering have been legally and validly issued and absolutely paid, and the Company’s issued share capital has been elevated to USD 10,058,281.05, divided into 201,165,621 issued shares, every with a nominal worth of USD 0.05.
The new shares are anticipated to be delivered to the VPS accounts of the subscribers within the Subsequent Offering on or about 5 May 2021.
The new shares issued within the Subsequent Offering are restricted shares below the U.S. securities legal guidelines and will solely be supplied or offered within the United States pursuant to an exemption from the registration necessities of the US Securities Act (outlined beneath). Accordingly, the brand new shares are topic to the phrases and circumstances, together with the switch restrictions, set forth within the Subscription Form.
For additional queries, please contact:
Ulrik Andersen: Chief Executive Officer, Golden Ocean Management AS
+47 22 01 73 53
Peder Simonsen: Chief Financial Officer, Golden Ocean Management AS
+47 22 01 73 45
Important data:
The launch shouldn’t be for publication or distribution, in entire or partly immediately or not directly, in or into Australia, Canada, Japan or the United States (together with its territories and possessions, any state of the United States and the District of Columbia). This launch is an announcement issued pursuant to authorized data obligations, and is topic of the disclosure necessities pursuant to part 5-12 of the Norwegian Securities Trading Act. It is issued for data functions solely, and doesn’t represent or type half of any provide or solicitation to buy or subscribe for securities, within the United States or in another jurisdiction. The securities talked about herein haven’t been, and won’t be, registered below the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities might not be supplied or offered within the United States besides pursuant to an exemption from the registration necessities of the US Securities Act. The Company doesn’t intend to register any portion of the providing of the securities within the United States or to conduct a public providing of the securities within the United States. Copies of this announcement will not be being made and might not be distributed or despatched into Australia, Canada, Japan or the United States. The subject, train, buy or sale of subscription rights and the subscription or buy of shares within the Company are topic to particular authorized or regulatory restrictions in sure jurisdictions. Neither the Company nor the Managers assumes any duty within the occasion there’s a violation by any particular person of such restrictions. The distribution of this launch could in sure jurisdictions be restricted by regulation. Persons into whose possession this launch comes ought to inform themselves about and observe any such restrictions. Any failure to adjust to these restrictions could represent a violation of the securities legal guidelines of any such jurisdiction. The Managers are appearing for the Company and nobody else in reference to the Subsequent Offering and won’t be accountable to anybody apart from the Company offering the protections afforded to their respective purchasers or for offering recommendation in relation to the Subsequent Offering and/or another matter referred to on this launch.
Forward-looking statements:
This launch and any supplies distributed in reference to this launch could comprise sure forward-looking statements. By their nature, forward-looking statements contain danger and uncertainty as a result of they replicate the Company’s present expectations and assumptions as to future occasions and circumstances that won’t show correct. A quantity of materials elements might trigger precise outcomes and developments to vary materially from these expressed or implied by these forward-looking statements. Please see the knowledge that we file with and furnish to the U.S. Securities and Exchange Commission for a extra full dialogue of these elements and different dangers and uncertainties. The data set forth herein speaks solely as of the date hereof, and the Company disclaims any intention or obligation to replace any forward-looking statements consequently of developments occurring after the date of this communication.
