Golden Ocean Group's Sound Progress in Share Buy-Back Program
Golden Ocean Group's Strategic Buy-Back Plan
Golden Ocean Group Limited (OSE/NASDAQ: GOGL) has recently made headlines with its robust share buy-back program. Announced in a previous stock statement, the company initiated a renewal of its buy-back initiative, allowing for a maximum allocation of USD 100 million to acquire up to 10 million of its common shares over a 12-month period.
Recent Transactions
Between the dates of December 20 and December 23, the company executed a notable purchase, acquiring 80,000 shares at an impressive average price of NOK 99.15 per share. This proactive measure signals the company's commitment to enhancing shareholder value by reducing the number of outstanding shares in the market.
Impact on Share Capital
Following these transactions, GOGL now holds a total of 1,787,328 shares, which represents approximately 0.89% of its overall share capital. Such decisions reflect a strategic approach to manage equity efficiently and underline the company’s belief in its long-term prospects.
Additional Insights on the Buy-Back Program
Golden Ocean Group's buy-back program is not just a routine financial maneuver; it’s a calculated move to instill confidence among investors. By actively repurchasing shares, the company is signaling its robust financial health and commending its potential growth trajectory, especially in a dynamic and evolving market landscape.
Resources for Investors
For those keen on tracking Golden Ocean's transactions under this buy-back initiative, a detailed overview of all purchases executed during the specified dates is compiled and appended to this report. In keeping with transparency, these resources are readily accessible and provide deeper insight into the company’s strategic decisions.
Contact Information
If you have any inquiries regarding these transactions or the company’s direction, you can reach out to Peder Simonsen, the Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS, at +47 23 11 40 00. Engaging with company leadership can offer additional clarity on its future endeavors and performance outlook.
Frequently Asked Questions
What is Golden Ocean Group's share buy-back program?
Golden Ocean Group's share buy-back program allows it to repurchase its shares to enhance shareholder value and demonstrate confidence in its business prospects.
How many shares did Golden Ocean Group buy back recently?
Recently, the company purchased 80,000 of its own common shares between December 20 and December 23.
What percentage of shares does Golden Ocean own after the buy-back?
After the buy-back, Golden Ocean Group owns approximately 0.89% of its total share capital.
Who can I contact for more information about Golden Ocean Group?
You can contact Peder Simonsen, the Interim CEO and CFO, at +47 23 11 40 00 for more information.
Where can I find more details about the transactions?
A detailed overview of the transactions made under the buy-back program is available in the report attached to the company's announcements.
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