Remuneration Information • Apr 24, 2020
Remuneration Information
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GOGL - Grant of stock options
Golden Ocean Group Limited ("Golden Ocean" or the "Company) hereby announces
that 550,000 share options have today been granted to Mr Ulrik Andersen in
connection with his appointment as CEO of Golden Ocean Management AS. The share
options will have a five-year term expiring April 6, 2025, and will vest equally
one third over a three-year vesting period.
* 150,000 of the share options will vest on April 6, 2021 with an exercise
price of NOK 35.- each
* 150,000 of the share options will vest on April 6, 2022 with an exercise
price of NOK 52.50 each
* 250,000 of the share options will vest on April 6, 2023, with an exercise
price of NOK 70.- each
The exercise price will be adjusted for any distribution of dividends made
before the relevant options are exercised.
April 24, 2020
The Board of Directors
Golden Ocean Group Ltd.
Hamilton, Bermud
For further queries, please contact:
Per Heiberg: Chief Financial Officer, Golden Ocean Management AS
+47 22 01 73 45
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act or the continuing obligations of
Oslo Børs.
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