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GOGL - Golden Ocean and CMB.TECH - Last Day of Trading in Golden Ocean shares

1. Golden Ocean is merging with CMB.TECH NV, effective today. 2. Today marks the last trading day for Golden Ocean shares. 3. The merger announcement affects Golden Ocean's stock listing. 4. Golden Ocean specializes in transporting dry bulk cargoes. 5. The fleet consists of 89 vessels with 13.5 million deadweight tonnes.

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FAQ

Why Bearish?

Mergers can cause uncertainty, potentially driving stock prices down. Historically, companies that merge often experience volatility in their share prices as markets react to structural changes.

How important is it?

This merger significantly alters Golden Ocean's business structure, thus it is crucial for investors. The impact on liquidity and stability during and after the merger process enhances its importance.

Why Short Term?

The immediate effect is seen today with the last trading of shares. Longer-term impacts depend on market acceptance of the merged entity.

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CMBT
August 19, 2025 02:30 ET  | Source: Golden Ocean Group Limited HAMILTON, Bermuda, 19 August 2025 – Reference is made to the stock exchange announcement on 18 August 2025 by Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) ("Golden Ocean") relating to the key dates for completion of the merger between Golden Ocean and CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (the "Merger"). Subject to timely approval by today’s Special General Meeting in Golden Ocean and completion of the Merger as set out therein, the last day of trading in and listing of the Golden Ocean shares will be today, 19 August 2025. For further details on the timeline for completion of the Merger, see announcement on 18 August 2025. About Golden Ocean Golden Ocean is a Bermuda incorporated shipping company specialising in the transportation of dry bulk cargoes. The Golden Ocean fleet consists of 89 vessels, with an aggregate capacity of approximately 13.5 million deadweight tonnes. Golden Ocean's ordinary shares are listed on Nasdaq with a secondary listing on the Euronext Oslo Børs under the ticker symbol "GOGL".  For further queries, please contact:Peder Simonsen, CEO of Golden Ocean Management ASTelephone: +47 22 01 73 40 Randi Navdal Bekkelund, CFO of Golden Ocean Management ASTelephone: +47 22 01 73 40 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 

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