On the 14 March, Golden Ocean Group Ltd (GOGL) announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the company will issue in aggregate 17.8 million consideration shares.
Following this, on 17 July, the company announced it had taken delivery of one vessel, Q Deb (to be renamed Golden Deb). Golden Ocean has issued 1 300 000 consideration shares to Quintana Shipping Ltd and associated companies in exchange for the vessel.
Following this transaction, GOGL’s issued share capital is US$6,566,149.60 divided into 131,322,992 issued shares, each with a nominal value of US$0.05.