GOGL - Buyback of 3.07% Golden Ocean Group Limited Convertible Bond Issue 2014/2019 - ISIN NO 001 0701055
19 April 2018 - 3:36PM
Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden
Ocean" or the "Company") announces that the Company has through
market purchase executed April 19, 2018 bought $400,000 notional in
the 3.07% Golden Ocean Group Limited Convertible Bond Issue
2014/2019 - ISIN NO 001 0701055 at a price of 97.75 per cent of par
value.
After the purchase, Golden Ocean holds $19,200,000 notional
representing 9.6 per cent in the 3.07% Golden Ocean Group Limited
Convertible Bond Issue 2014/2019 - ISIN NO 001 0701055, convertible
into 220,209 shares in the Company at the current conversion
price.
April 19, 2018
Hamilton, Bermuda
Forward-Looking Statements
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements, which 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 "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 we believe 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 our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections. The
information set forth herein speaks only as of the date hereof, and
we disclaim any intention or obligation to update any
forward-looking statements as a result of developments occurring
after the date of this communication.
In addition to these important factors and matters discussed
elsewhere herein, important factors that, in our view, could cause
actual results to differ materially from those discussed in the
forward-looking statements include the strength of world economies,
fluctuations in currencies and interest rates, general market
conditions, including fluctuations in charter hire rates and vessel
values, changes in demand in the dry bulk market, changes in our
operating expenses, including bunker prices, drydocking and
insurance costs, the market for our vessels, availability of
financing and refinancing, changes in governmental rules and
regulations or actions taken by regulatory authorities, potential
liability from pending or future litigation, general domestic and
international political conditions, potential disruption of
shipping routes due to accidents, political events or acts by
terrorists, and other important factors described from time to time
in the reports filed by the Company with the Securities and
Exchange Commission.
This information is subject to the disclosure requirements of
section 5-12 of the Norwegian Securities Trading Act.