GOGL - LAST DAY OF TRADING IN SHARES OF GOLDEN OCEAN GROUP LIMITED
Shareholders of Golden Ocean as of the expiry of March 31, 2015 (cut-off date) as they will appear in Golden Ocean's shareholders register with the VPS as of expiry of April 7, 2015 (record date), will receive 0.13749 common shares of the combined company for each share they own in Golden Ocean as of expiry of the cut-off date as recorded with the VPS on the record date, rounded down to the nearest whole common share. Delivery of shares will take place on April 8, 2015. The combined company will not issue any fractional shares and each holder of a fractional share interest will be paid an amount in cash (without interest) on or about April 15, 2015.
Trading in the shares of the combined company will commence on the Oslo Stock Exchange on April 1, 2015. The combined company's shares will trade under its existing ticker symbol "VLCCF" on the Oslo Stock Exchange on April 1, 2015. Commencing on April 7, 2015 and thereafter, the shares of the combined company will trade under the ticker symbol "GOGL" on the Oslo Stock Exchange. The combined company's shares will begin trading on the Nasdaq Global Select Market under the ticker symbol "GOGL" on April 1, 2015.
Trading in the combined company's shares on the Oslo Stock Exchange will begin before delivery of the shares to eligible shareholders' VPS accounts, and accordingly no account-to-account transactions and no transactions with settlement prior to April 8, 2015 will be allowed in this period.
Any changes in the indicative timing of the consummation of the merger and the first day of trading of the shares in the combined company will be published by Golden Ocean and Knightsbridge through the Oslo Stock Exchange information system under the ticker symbols "GOGL" and "VLCCF", respectively.