Exhibit 99.1
Exercise of options and subsequent sale by primary insiders
On 21 March 2024, the primary insiders Lars-Christian Svensen (CEO) and Peder Simonsen (CFO) exercised a total of 200,000 share options each. Following the exercise, Lars-Christian Svensen and Peder Simonsen sold 200,000 and 200,500 shares in the market, respectively.
Please see further details in the attached forms.
This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Peder Simonsen | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer (CFO) | |
b) | Initial notification/Amendment | Initial notification | |
3 | Details of issuer | ||
a) | Name | Golden Ocean Group Limited | |
b) | LEI | 549300HQH91CZG0OJL61 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Share options linked to shares with ISIN BMG396372051 | |
b) | Nature of the transaction | Exercise of options | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
NOK 2.982 | 75,000 | ||
NOK 18.982 | 125,000 | ||
d) | Aggregated information — Aggregated volume — Price | A total of 200,000 options with a total exercise price of NOK 2,596,400. | |
e) | Date of the transaction | 2024-03-21 | |
f) | Place of the transaction | XOFF - Outside of a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Lars-Christian Svensen | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer (CEO) | |
b) | Initial notification/Amendment | Initial notification | |
3 | Details of issuer | ||
a) | Name | Golden Ocean Group Limited | |
b) | LEI | 549300HQH91CZG0OJL61 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument Identification code | Share options linked to shares with ISIN BMG396372051 | |
b) | Nature of the transaction | Exercise of options | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
4.482 | 75,000 | ||
20.982 | 125,000 | ||
d) | Aggregated information — Aggregated volume — Price | A total of 200,000 options with a total exercise price of NOK 2,958,900. | |
e) | Date of the transaction | 2024-03-21 | |
f) | Place of the transaction | XOFF - Outside of a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Peder Simonsen | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Financial Officer (CFO) | ||
b) | Initial notification/Amendment | Initial notification | ||
3 | Details of issuer | |||
a) | Name | Golden Ocean Group Limited | ||
b) | LEI | 549300HQH91CZG0OJL61 | ||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||
a) | Description of the financial instrument, type of instrument Identification code | Nature of instrument: shares Instrument identification code (ISIN): BMG396372051 | ||
b) | Nature of the transaction | Sale | ||
c) | Price(s) and volume(s) | Price(s)1 | Volume(s) | Place of transaction |
133.8544084 | 351 | AQEA | ||
134.1998962 | 14,056 | AQED | ||
135.9161544 | 4,689 | AQEU | ||
134.1671103 | 1,538 | BATD | ||
134.1798405 | 21,396 | BEUP | ||
134.0085106 | 25,011 | CEUD | ||
135.1040127 | 18,743 | CEUX | ||
134.2343036 | 166 | EUCC | ||
134.2343036 | 505 | HREU | ||
134.2343036 | 79 | SGMU | ||
134.2343036 | 1,480 | SGMV | ||
134.2343036 | 187 | TQEA | ||
134.1072362 | 14,674 | TQEM | ||
133.25 | 180 | TQEX | ||
136.4 | 215 | TRQX | ||
134.55 | 376 | VFSI | ||
135.0040974 | 76,048 | XOSL | ||
134.2343036 | 3,409 | XPOS | ||
133.570267 | 4,397 | XTXE | ||
134.1434 | 12,500 | XOSL | ||
136.4 | 500 | XOSL | ||
1Average price of the transactions made on the relevant market place. | ||||
d) | Aggregated information — Aggregated volume — Price | Total volume: 200,500 Total price: 26,984,742.74 | ||
e) | Date of the transaction | 2024-03-21 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Lars-Christian Svensen | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer (CEO) | ||
b) | Initial notification/Amendment | Initial notification | ||
3 | Details of issuer | |||
a) | Name | Golden Ocean Group Limited | ||
b) | LEI | 549300HQH91CZG0OJL61 | ||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||
a) | Description of the financial instrument, type of instrument Identification code | Nature of instrument: shares Instrument identification code (ISIN): BMG396372051 | ||
b) | Nature of the transaction | Sale | ||
c) | Price(s) and volume(s) | Price(s)1 | Volume(s) | Place of transaction |
133.8516754 | 351 | AQEA | ||
134.197748 | 13,157 | AQED | ||
135.89507 | 4,749 | AQEU | ||
134.1671103 | 1,538 | BATD | ||
134.1741005 | 19,356 | BEUP | ||
133.997952 | 23,903 | CEUD | ||
135.0748279 | 19,385 | CEUX | ||
134.2343036 | 161 | EUCC | ||
134.2343036 | 443 | HREU | ||
134.2343036 | 79 | SGMU | ||
134.2343036 | 1,371 | SGMV | ||
134.2343036 | 165 | TQEA | ||
134.0952509 | 13,408 | TQEM | ||
133.25 | 181 | TQEX | ||
136.4 | 214 | TRQX | ||
134.55 | 375 | VFSI | ||
135.0051339 | 75,957 | XOSL | ||
134.2343036 | 3,260 | XPOS | ||
133.9252511 | 9,447 | XTXE | ||
134.1434 | 12,500 | XOSL | ||
1Average price of the transactions made on the relevant market place. | ||||
d) | Aggregated information — Aggregated volume — Price | Total volume: 200,000 Total price: 26,916,541.16 | ||
e) | Date of the transaction | 2024-03-21 |