Key Insights on the Golden Ocean and CMB.TECH Merger Process
Understanding the Golden Ocean and CMB.TECH Merger
HAMILTON, Bermuda – The merger between Golden Ocean Group Limited (NASDAQ: GOGL) and CMB.TECH NV is generating significant interest in the investment community. This strategic alignment aims to enhance the operational efficiencies and market position of both companies. Through this merger, Golden Ocean will transition into CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, creating a new powerhouse in the shipping and technology sector.
Key Dates for Shareholders to Note
The parties involved have announced a series of significant dates leading up to the completion of the merger. Shareholders should note these pivotal moments that will influence trading and ownership changes:
Last Trading Day for GOGL Shares
The last day to trade Golden Ocean shares (GOGL) on both the Oslo Stock Exchange (OSE) and NASDAQ has been set for 19 August 2025. This date is essential for current shareholders to ensure that their interests are accounted for prior to the transition.
Completion of the Merger
The merger is slated for completion on 20 August 2025. This will occur just before the market opens in Central European Summer Time, marking a significant transition for all stakeholders.
Anticipated Trading Changes
Following the merger, trading under the CMB.TECH name will initiate on the same day, 20 August 2025, across the OSE and NYSE platforms. This shift will likely attract a new wave of investor interest, further augmenting the combined company’s market presence.
Timeline for Share Delivery
Shareholders can expect the delivery of CMB.TECH shares to commence shortly after the merger's effective date. On the 21st of August, former Golden Ocean shareholders will receive their new shares on the NYSE, with transactions on the OSE kicking off on the 22nd of August.
Impact on Quarterly Reporting
In an important development, the completion of the merger will coincide with the reporting period for the second quarter. As a result, Golden Ocean will not publish a separate report for Q2 2025. Instead, the results for the first half of the year will be integrated into CMB.TECH’s report, providing stakeholders with a consolidated view of performance.
About Golden Ocean
Golden Ocean has established itself as a key player in the shipping industry, particularly focusing on the transportation of dry bulk goods. With a fleet of 89 vessels and an impressive capacity that reaches approximately 13.5 million deadweight tonnes, the company plays a vital role in global trade logistics. Their shares are actively traded under the ticker symbol "GOGL" on the NASDAQ and have a presence on the Euronext Oslo Børs.
Contact Information
Should you have any inquiries regarding the merger or the companies involved, please reach out to:
Peder Simonsen, CEO of Golden Ocean Management AS
Telephone: +47 22 01 73 40
Randi Navdal Bekkelund, CFO of Golden Ocean Management AS
Telephone: +47 22 01 73 40
Frequently Asked Questions
What is the significance of the merger between Golden Ocean and CMB.TECH?
This merger is expected to enhance operational efficiency and market share, forming a stronger entity in the shipping sector.
When is the last day to trade GOGL shares?
The last trading day for Golden Ocean shares is 19 August 2025.
When will the merger officially take place?
The merger will officially be completed on 20 August 2025, before market opening.
What can shareholders expect after the merger?
Shareholders will receive CMB.TECH shares, and trading will commence under the new company name on the same day of completion.
What about quarterly reporting after the merger?
Golden Ocean will not issue a separate report for Q2 2025; instead, results will be included in CMB.TECH's consolidated results.
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