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GOGL - Results of the Special General Meeting

1. Golden Ocean approved a merger with CMB.TECH Bermuda Ltd. 2. Each Golden Ocean share exchanged for 0.95 CMB.TECH shares. 3. Shareholder approval received at the special general meeting. 4. CMB.TECH will issue merger consideration shares upon completion. 5. Key dates for the merger are outlined in prior announcements.

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FAQ

Why Bullish?

Mergers can unlock value; a merger with CMB.TECH may bring synergies. Historical M&A often leads to short-term price increases due to investor optimism.

How important is it?

The merger directly impacts GOGL's structure and investor sentiment, influencing stock prices significantly.

Why Short Term?

Investors typically react positively to announced mergers. Initial optimism can lead to price spikes post-announcement.

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CMBT
August 19, 2025 10:15 ET  | Source: Golden Ocean Group Limited HAMILTON, Bermuda, 19 August 2025 – Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) ("Golden Ocean") advises that a Special General Meeting ("SGM") of the shareholders of Golden Ocean was held today, 19 August 2025, at 09:00 (local time) at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HM 08.  All resolutions set out in the notice of the SGM were approved by the shareholders, meaning that, among other things, the stock-for-stock merger of Golden Ocean with and into CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) ("CMB.TECH") with CMB.TECH Bermuda Ltd. as the surviving company, and with CMB.TECH as the issuer of the merger consideration shares (the "Merger"), has been approved. Pursuant to the terms of the Merger, each outstanding common share of Golden Ocean will be cancelled and exchanged for newly issued CMB.TECH ordinary shares at an exchange ratio of 0.95 ordinary shares of CMB.TECH for each common share of Golden Ocean. For further settlement details and key dates for the Merger, please refer to Golden Ocean's stock exchange announcement of 18 August 2025. The Board of DirectorsGolden Ocean Group LimitedHamilton, Bermuda19 August, 2025  This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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