Golden Ocean extends share buy-back program 12 months up to 10M shares

Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited dated 4 October 2022 and 3 October 2023 regarding the establishment and renewal of a share buy-back program. The Company has repurchased a total of 1,507,328 shares under the program for a total consideration of $11,629,758. A total of 741,900 shares have been repurchased at average price of $7.84 per share at Nasdaq and 765,428 shares have been repurchased at an average price of NOK 81.2 at Oslo Stock Exchange. The Board of Directors of Golden Ocean Group Limited has on 2 October 2024, resolved to extend the existing share buy-back program with a further 12 months and the following main terms: Maximum USD 100M to purchase up to an aggregate of 10,000,000 of the Company’s common shares, with 1,507,328 shares repurchased for USD 11,629,758 as of the date hereof. A period from and including 5 October 2024 to and including 4 October 2025. The share buy-backs will be carried out by way of repurchases in the market, both on the Oslo Stock Exchange and on Nasdaq.