Published: 15:26 15.07.2009 GMT+2 /HUGIN /Source: Golden Ocean Group /OSE: GOGL /ISIN: BMG4032A1045
GOGL - Insider transaction
Hemen Holding Limited, a company indirectly controlled by trusts affiliated with John Fredriksen, has settled a TRS agreement (Total Return Swap) underlying 1,423,001 shares in Golden Ocean Group Limited ("Golden Ocean") expiring July 15, 2009. Hemen Holding Limited has subsequently entered into a new TRS agreement with exposure to the same number of underlying shares. New expiry date is October 15, 2009, and the new TRS price is NOK 6.827 per share. Hemen Holding Limited's affiliated ownership in Golden Ocean Group Limited is not influenced by the TRS agreements.
Drew Investment, a company controlled by Tor Olav Trøim, has settled a TRS agreement underlying 800,000 shares in Golden Ocean expiring July 15, 2009. Drew Investment has subsequently entered into a new TRS agreement with exposure to the same number of underlying shares. New expiry date is October 15, 2009, and the new TRS price is NOK 6.827 per share. Drew Investment and Tor Olav Trøims ownership in Golden Ocean is not influenced by the TRS agreements.
Hamilton, Bermuda
July 15, 2009
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Panamax "Golden Saguenay" (Golden Ocean Group / GOGL)
