Golden Ocean Group Extends Share Buy-Back Program

Golden Ocean Group (GOGL) has released an update.

Golden Ocean Group Limited has announced the extension of its share buy-back program for an additional year, with a maximum budget of $100 million to repurchase up to 10 million shares. As of now, 1,507,328 shares have been repurchased for $11.6 million. The extension, according to Interim CEO Peder Simonsen, is in shareholder interest, aligning with the company’s capital allocation strategy amidst volatile market conditions.

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