Bli medlem
Bli medlem

Du är här

2015-03-31

Golden Ocean Group: GOGL - KNIGHTSBRIDGE SHIPPING LIMITED ANNOUNCES CLOSING OF THE MERGER WITH GOLDEN OCEAN GROUP LIMITED

March 31, 2015 -Knightsbridge Shipping Limited ("Knightsbridge") has completed its previously announced merger with Golden Ocean Group Limited ("Old Golden Ocean").
In connection with the closing of the merger, Knightsbridge will change its
name to Golden Ocean Group Limited. Trading in the shares of the combined
company will commence on the Oslo Stock Exchange on April 1, 2015. The
combined company will trade on the Oslo Stock Exchange under the ticker code
"VLCCF" on April 1, 2015. Commencing on April 7, 2015, the combined company
will trade on the Oslo Stock Exchange under the ticker code "GOGL". The
combined company will begin trading under its new name and ticker symbol
"GOGL" on the Nasdaq Global Select Market on April 1, 2015.

Trading in the combined company's shares on the Oslo Stock Exchange will begin
before delivery of merger consideration shares to VPS accounts of eligible
Old Golden Ocean shareholders, and accordingly no account-to-account
transactions and no transactions with settlement prior to April 8, 2015 will
be allowed on the Oslo Stock Exchange during this period.

Prior to completion of the merger, Knightsbridge had 111,231,678 common shares
outstanding, par value $ 0.01 per share. Following completion of the merger
and the cancellation of 51,498 common shares pursuant to the terms of the
merger agreement, the combined company has 172,680,180 common shares
outstanding. The amount of issued and outstanding common shares of the
combined company will be adjusted during the week of April 7, 2015 to account
for the cash in lieu of fractional shares to be distributed as merger
consideration.

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. Words, such as, but not limited to "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although Knightsbridge believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of Knightsbridge, Knightsbridge cannot assure you that they, or the combined company resulting from the merger, will achieve or accomplish these expectations, beliefs or projections. The information set forth herein speaks only as of the date hereof, and Knightsbridge disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
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 OMX Corporate Solutions on behalf of NASDAQ OMX 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 via Globenewswire

HUG#1908129

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.