GOGL - Share buy-back program

The Board of Directors of Golden Ocean Group Limited (the "Company") has on December 19 2018 authorized a share buy-back program to purchase up to an aggregate of 6 million of the Company's common shares. The maximum amount to be paid per share is USD 9 or equivalent in NOK if bought at Oslo Stock...

London, 20/12/2018 (informazione.news - comunicati stampa - trasporti)

The Board of Directors of Golden Ocean Group Limited (the "Company") has on December 19 2018 authorized a share buy-back program to purchase up to an aggregate of 6 million of the Company's common shares. The maximum amount to be paid per share is USD 9 or equivalent in NOK if bought at Oslo Stock Exchange. The timing and amount of any repurchases will depend on legal requirements, market conditions, stock price, alternative uses of capital and other factors.

The Company is not obligated under the terms of the program to repurchase any of its common shares. The buy-back program will be initiated today and end on December 20, 2019.

December 20, 2018

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

For further information, please contact:
Birgitte Ringstad Vartdal: CEO, Golden Ocean Management AS
+47 22 01 73 53

Per Heiberg: CFO, Golden Ocean Management AS
+47 22 01 73 45

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