Annual Report by a Foreign Non-Canadian Issuer — Form 20-F — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 20-F Annual Report by a Foreign Non-Canadian Issuer HTML 2.31M
2: EX-2.2 Plan of Acquisition, Reorganization, Arrangement, HTML 64K Liquidation or Succession
3: EX-8.1 Opinion of Counsel re: Tax Matters HTML 59K
6: EX-13.1 Annual or Quarterly Report to Security Holders HTML 42K
7: EX-13.2 Annual or Quarterly Report to Security Holders HTML 41K
4: EX-12.1 Statement re: Computation of Ratios HTML 46K
5: EX-12.2 Statement re: Computation of Ratios HTML 45K
8: EX-15.1 Letter re: Unaudited Interim Financial Info HTML 39K
9: EX-15.2 Letter re: Unaudited Interim Financial Info HTML 40K
42: R1 Cover Page HTML 106K
104: R2 Consolidated Statements of Operations HTML 108K
151: R3 Consolidated Statements of Comprehensive Income HTML 56K
65: R4 Consolidated Balance Sheets HTML 171K
41: R5 Consolidated Balance Sheets (Parenthetical) HTML 47K
103: R6 Consolidated Statements of Cash Flows HTML 177K
150: R7 Consolidated Statements of Changes in Equity HTML 119K
58: R8 Organization and Business HTML 48K
43: R9 Summary of Significant Accounting Policies HTML 91K
31: R10 Recently Issued Accounting Standards HTML 58K
82: R11 Income Taxes HTML 45K
131: R12 Segment Information HTML 43K
116: R13 Earnings Per Share HTML 58K
28: R14 Operating Revenues HTML 84K
81: R15 Gain (Loss) on Sale of Assets and Amortization of HTML 54K
Deferred Gains
130: R16 Impairment of Vessels HTML 42K
113: R17 Operating Leases HTML 248K
26: R18 Cash, Cash Equivalents and Restricted Cash HTML 56K
85: R19 Marketable Equity Securities HTML 50K
143: R20 Trade Accounts Receivable, Net HTML 53K
93: R21 Other Current Assets HTML 54K
34: R22 Value of Charter Party Contracts HTML 82K
53: R23 Vessels and Equipment, Net HTML 74K
140: R24 Vessels Under Finance Lease, Net HTML 88K
92: R25 Equity Method Investments HTML 325K
33: R26 Other Long Term Assets HTML 51K
50: R27 Debt HTML 144K
144: R28 Accrued Expenses HTML 53K
90: R29 Other Current Liabilities HTML 65K
117: R30 Derivative Instruments Payable and Receivable HTML 90K
135: R31 Other Long Term Liabilities HTML 65K
77: R32 Share Capital, Treasury Shares and Dividends HTML 69K
23: R33 Share Options HTML 106K
120: R34 Related Party Transactions HTML 118K
136: R35 Financial Assets and Liabilities HTML 177K
78: R36 Commitments and Contingencies HTML 44K
25: R37 Supplemental Information HTML 43K
121: R38 Subsequent Events HTML 42K
133: R39 Summary of Significant Accounting Policies HTML 188K
(Policies)
95: R40 Earning Per Share (Tables) HTML 57K
148: R41 Operating Revenues (Tables) HTML 80K
66: R42 Gain (Loss) on Sale of Assets and Amortization of HTML 51K
Deferred Gains (Tables)
48: R43 Operating Leases (Tables) HTML 167K
96: R44 Cash, Cash Equivalents and Restricted Cash HTML 54K
(Tables)
149: R45 Marketable Equity Securities (Tables) HTML 50K
67: R46 Trade Accounts Receivable, Net (Tables) HTML 53K
49: R47 Other Current Assets (Tables) HTML 54K
97: R48 Value of Charter Party Contracts (Tables) HTML 83K
147: R49 Vessels and Equipment, Net (Table) HTML 72K
123: R50 Vessels Under Finance Lease, Net (Tables) HTML 154K
107: R51 Equity Method Investments (Tables) HTML 322K
22: R52 Other Long Term Assets (Tables) HTML 50K
75: R53 Debt (Tables) HTML 133K
122: R54 Accrued Expenses (Tables) HTML 53K
106: R55 Other Current Liabilities (Tables) HTML 54K
21: R56 Derivative Instruments Payable and Receivable HTML 94K
(Tables)
74: R57 Other Long Term Liabilities (Tables) HTML 48K
124: R58 Share Capital, Treasury Shares and Dividends HTML 73K
(Tables)
105: R59 Share Options (Tables) HTML 95K
46: R60 Related Party Transactions (Tables) HTML 102K
61: R61 Financial Assets and Liabilities (Tables) HTML 169K
154: R62 Organization and Business (Details) HTML 90K
101: R63 Summary of Significant Accounting Policies HTML 62K
(Details)
45: R64 RECENTLY ISSUED ACCOUNTING STANDARDS - Additional HTML 58K
Information (Details)
60: R65 Income Taxes (Details) HTML 40K
153: R66 Segment Information (Details) HTML 49K
100: R67 Earnings Per Share (Details) HTML 71K
39: R68 OPERATING REVENUES - Narrative (Details) HTML 82K
63: R69 OPERATING REVENUES - Schedule of revenues earned HTML 57K
from time charters, voyage charters and other
revenues (Details)
71: R70 OPERATING REVENUES - Schedule of contract assets HTML 48K
(Details)
16: R71 Gain (Loss) on Sale of Assets and Amortization of HTML 72K
Deferred Gains (Details)
110: R72 Impairment of Vessels (Details) HTML 57K
126: R73 OPERATING LEASES - Narrative (Details) HTML 161K
72: R74 OPERATING LEASES - Schedule of Operating Lease, HTML 60K
Right of Use Assets (Details)
17: R75 OPERATING LEASES - Schedule of Operating Lease HTML 70K
Obligations (Details)
111: R76 OPERATING LEASES - Charterhire and office rent HTML 83K
expense (Details)
127: R77 OPERATING LEASES - Schedule of future minimum HTML 55K
operating lease revenue receipts (Details)
69: R78 Cash, Cash Equivalents and Restricted Cash HTML 61K
(Details)
20: R79 MARKETABLE EQUITY SECURITIES - Summary of HTML 46K
Available-For-Sale Securities (Details)
70: R80 MARKETABLE EQUITY SECURITIES - Additional HTML 43K
Information (Details)
15: R81 Trade Accounts Receivable, Net (Details) HTML 47K
109: R82 Other Current Assets (Details) HTML 55K
125: R83 VALUE OF CHARTER PARTY CONTRACTS - Movement in HTML 53K
Favorable Charter Party Contracts (Details)
73: R84 VALUE OF CHARTER PARTY CONTRACTS - Additional HTML 52K
Information (Details)
18: R85 VALUE OF CHARTER PARTY CONTRACTS - Summary of HTML 49K
Favorable Charter Contracts (Details)
112: R86 VALUE OF CHARTER PARTY CONTRACTS - Movement in HTML 51K
Unfavorable Charter Party Contracts (Details)
128: R87 VESSELS AND EQUIPMENT, NET - Summary of Changes in HTML 70K
Vessels and Equipment, Net (Details)
68: R88 VESSELS AND EQUIPMENT, NET - Additional HTML 79K
Information (Details)
19: R89 VESSELS UNDER FINANCE LEASE, NET - Narrative HTML 65K
(Details)
47: R90 VESSELS UNDER FINANCE LEASE, NET - Right-of-use HTML 45K
Finance Lease Assets (Details)
62: R91 VESSELS UNDER FINANCE LEASE, NET - Changes in HTML 57K
Lease Obligations (Details)
155: R92 VESSELS UNDER FINANCE LEASE, NET - Outstanding HTML 59K
Obligations Finance Leases (Details)
102: R93 VESSELS UNDER FINANCE LEASE, NET - Schedule of HTML 48K
Purchase Options (Details)
44: R94 EQUITY METHOD INVESTMENTS - Movement in Equity HTML 81K
Method Investments (Details)
59: R95 EQUITY METHOD INVESTMENTS - Summary of Financial HTML 146K
Information (Details)
152: R96 EQUITY METHOD INVESTMENTS - Additional Information HTML 64K
(Details)
99: R97 OTHER LONG TERM ASSETS - Summary of Other Long HTML 49K
Term Assets (Details)
40: R98 OTHER LONG TERM ASSETS - Additional Information HTML 45K
(Details)
64: R99 DEBT - Summary of Debt (Details) HTML 100K
55: R100 DEBT - Summary of Movements in Debt (Details) HTML 72K
36: R101 DEBT - Loan Facilities Additional Information HTML 177K
(Details)
87: R102 DEBT - Financial Covenants Additional Information HTML 50K
(Details)
138: R103 DEBT - US Dollar Denominated Fixed Rate Debt HTML 70K
Additional Information (Details)
57: R104 DEBT - Deferred Charges Additional Information HTML 42K
(Details)
37: R105 DEBT - Summary of Debt Maturities (Details) HTML 63K
88: R106 DEBT - Assets Pledged and Weighted Average HTML 47K
Interest Rate Additional Information (Details)
139: R107 Accrued Expenses (Details) HTML 52K
54: R108 Other Current Liabilities (Details) HTML 60K
38: R109 Derivative Instruments Payable and Receivable HTML 68K
(Details)
30: R110 Other Long Term Liabilities (Details) HTML 56K
83: R111 SHARE CAPITAL, TREASURY SHARES AND DIVIDENDS - HTML 46K
Summary of Authorized Capital (Details)
132: R112 SHARE CAPITAL, TREASURY SHARES AND DIVIDENDS - HTML 82K
Additional Information (Details)
115: R113 SHARE CAPITAL, TREASURY SHARES AND DIVIDENDS - HTML 78K
Summary of Share Capital (Details)
29: R114 SHARE OPTIONS - Additional Information (Details) HTML 103K
80: R115 SHARE OPTIONS - Summary of Number of Share Options HTML 79K
Outstanding (Details)
129: R116 SHARE OPTIONS - Summary of Share Option HTML 55K
Outstanding (Details)
114: R117 RELATED PARTY TRANSACTIONS - Ship Finance HTML 77K
Additional Information (Details)
27: R118 RELATED PARTY TRANSACTIONS - Seatankers, Capesize HTML 52K
Chartering, and United Freight Carriers Additional
Information (Details)
84: R119 RELATED PARTY TRANSACTIONS - Management Agreements HTML 50K
Additional Information (Details)
142: R120 RELATED PARTY TRANSACTIONS - Acquisition of HTML 68K
vessels from affiliates of Hemen Additional
Information (Details)
94: R121 RELATED PARTY TRANSACTIONS - Seller's Credits From HTML 78K
Affiliates of Hemen Additional Information
(Details)
35: R122 RELATED PARTY TRANSACTIONS - Shareholder Loan to HTML 51K
Singapore Matine (Details)
52: R123 RELATED PARTY TRANSACTIONS - Summary of Long-Term HTML 44K
Balances Owed to Related Parties (Details)
141: R124 RELATED PARTY TRANSACTIONS - Summary of Net HTML 59K
Amounts Charged By Related Parties (Details)
91: R125 RELATED PARTY TRANSACTIONS - Summary of Net HTML 52K
Amounts Charged To Related Parties (Details)
32: R126 RELATED PARTY TRANSACTIONS - Summary of Balances HTML 54K
Due from Related Parties (Details)
51: R127 RELATED PARTY TRANSACTIONS - Summary of Short-Term HTML 52K
Balance Due to Related Parties (Details)
146: R128 RELATED PARTY TRANSACTIONS - Additional HTML 60K
Information (Details)
89: R129 FINANCIAL ASSETS AND LIABILITIES - Interest Rate HTML 68K
Risk Management (Details)
118: R130 FINANCIAL ASSETS AND LIABILITIES - Forward Freight HTML 57K
Agreements (Details)
134: R131 FINANCIAL ASSETS AND LIABILITIES - Bunker HTML 42K
Derivatives (Details)
76: R132 FINANCIAL ASSETS AND LIABILITIES - Foreign HTML 46K
Currency Risk (Details)
24: R133 FINANCIAL ASSETS AND LIABILITIES - Fair Values HTML 96K
(Details)
119: R134 COMMITMENTS AND CONTINGENCIES - Additional HTML 75K
Information (Details)
137: R135 SUPPLEMENTAL INFORMATION - Additional Information HTML 77K
(Details)
79: R136 SUBSEQUENT EVENTS - Additional Information HTML 54K
(Details)
98: XML IDEA XML File -- Filing Summary XML 290K
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‘EX-2.2’ — Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession
DESCRIPTION OF THE REGISTRANT'S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
The following description sets forth certain material terms and provisions of Golden Ocean Group Limited's securities that are registered under Section 12 of the Securities Exchange Act of 1934, as amended.
DESCRIPTION
OF COMMON SHARES
The respective number of common shares issued and outstanding as of the last day of the fiscal year for the annual report on Form 20-F to which this description is attached or incorporated by reference as an exhibit, is provided on the cover page of such annual report on Form 20-F.
Voting Rights
The holders of our common shares will be entitled to one vote per share on each matter requiring the approval of the holders of the common shares. At any annual or special general meeting of shareholders where there is a quorum, a simple majority vote will generally decide any matter, unless a different vote is required by express provision of the Amended and Restated Bye-Laws
or Bermuda law.
The Companies Act and our Amended and Restated Bye-Laws do not confer any conversion or sinking fund rights attached to our common shares.
Preemptive Rights
Bermuda law does not provide a shareholder with a preemptive right to subscribe for additional issues of a company’s shares unless, and to the extent that, the right is expressly granted to the shareholder under the bye-laws of a company or under any contract between the shareholder and the company.
Holders
of our common shares do not have any preemptive rights pursuant to the Amended and Restated Bye-Laws.
Repurchase of Shares
Subject to the Companies Act, the Memorandum of Association and the Amended and Restated Bye-Laws, our Board may from time to time repurchase any common shares for cancellation or to be held as treasury shares.
Holders of our common shares, however, do not have any right to require the Company to purchase their shares pursuant to the Amended and Restated Bye-Laws.
Redemption of Preference Shares
The
Company may with the approval of the shareholders issue preference shares which are redeemable at the option of the Company or the holder, subject to the Companies Act, the Memorandum of Association and the Amended and Restated Bye-Laws.
Call on Shares
Pursuant to the Amended and Restated Bye-Laws, the Board may from time to time make calls upon our shareholders in respect of any moneys unpaid on their shares.
Reduction of Share Capital
Subject
to the Companies Act, the Memorandum of Association and the Amended and Restated Bye-Laws, the shareholders may by resolution authorize the reduction of the Company’s issued share capital or any capital redemption reserve fund or any share premium account in any manner.
Dividend and Other Distributions
Under the Companies Act, a company may, subject to its bye-laws and by resolution of the directors, declare and pay a dividend, or make a distribution out of contributed surplus, provided there are reasonable grounds for believing that after any such payment (a) the company will be solvent and (b) the realizable value of its assets will be
greater than its liabilities.
The Amended and Restated Bye-Laws provide that the Board from time to time may declare cash dividends or distributions out of contributed surplus to be paid to the shareholders according to their rights and interests including such interim dividends as appear to be justified by the position of the Company.
Board of Directors
The Amended and Restated Bye-Laws provide that the Board shall consist of not less than two members and shall at all times comprise a majority of directors who are not resident in the United Kingdom. Our shareholders may change the number of directors by the vote of shareholders representing
a simple majority of the total number of votes which may be cast at any annual or special general meeting, or by written resolution. Each director is elected at an annual general meeting of shareholders for a term commencing upon election and each director shall serve until re-elected or their successors are appointed on the date of the next scheduled annual general meeting of shareholders. The Amended and Restated Bye-Laws do not permit cumulative voting for directors.
Subject to the Companies Act, the Amended and Restated Bye-Laws permit our directors to engage in any transaction or arrangement with us or in which we may otherwise be interested. Additionally, as long as our director declares the nature of his or her interest at the first opportunity at a meeting of the Board, he or she shall not by reason of his office be accountable to us for any benefit which he or she derives from any
transaction to which the Amended and Restated Bye-Laws permit him or her to be interested.
Our directors are not required to retire because of their age and are not required to be holders of our common shares.
Removal of Directors and Vacancies on the Board
Under the Companies Act, any director may be removed, with or without cause, by a vote of the majority of shareholders if the bye-laws so provide. A company may remove a director by specifically convening a special general meeting of the shareholders. The notice of any such special general meeting must be served on the director concerned no less than fourteen (14) days before the special general meeting. The affected director is entitled to be heard at that special general meeting.
The
Amended and Restated Bye-Laws provide that directors may be removed, with or without cause, by a vote of the shareholders representing a majority of the votes present and entitled to vote at a special general meeting called for that purpose. The notice of any such special general meeting must be served on the director concerned no less than 14 days before the special general meeting and he or she shall be entitled to be heard at that special general meeting.
Any director vacancy created by the removal of a director from our Board at a special general meeting may be filled by the election of another director in his place by a majority vote of the shareholders entitled to vote at the special general meeting called for the purpose of removal of that director, or in the absence of such election, by the Board. The Board may fill casual vacancies so long as quorum of directors remains in office.
Each director elected to the Board to fill a vacancy shall serve until the next annual general meeting of shareholders and until a successor is duly elected and qualified or until such director’s resignation or removal.
Shareholder Meetings
Under the Companies Act, an annual general meeting of the shareholders shall be held for the election of directors on any date or time as designated by or in the manner provided for in the bye-laws and held at such place within or outside Bermuda as may be designated in the bye-laws. Any other proper business may be transacted at the annual general meeting.
Under the Companies
Act, any meeting that is not the annual general meeting is called a special general meeting, and may be called by the Board or by such persons as authorized by the company’s memorandum of association or bye-laws. Under the Companies Act, holders of one-tenth of a company’s issued common shares may also call special general meetings. At such special general meeting, only business that is related to the purpose set forth in the required notice may be transacted. Additionally, under Bermuda law, a company may, by resolution at a special general meeting, elect to dispense with the holding of an annual general meeting for (a) the year in which it is made and any subsequent year or years; (b) for a specified number of years; or (c) indefinitely.
Under the Companies Act, notice of any general meeting must be
given not less than five (5) days before the meeting and shall state the place, date and hour of the meeting and, in the case of a special general meeting, shall also state the purpose of such meeting and the that it is being called at the direction of whoever is calling the meeting. Under Bermuda law, accidental failure to give notice will not invalidate proceedings at a general meeting.
Annual General Meetings. The Amended and Restated Bye-Laws provide that the Board may fix the date, time and place of the annual general meeting within or without Bermuda (but never in the United Kingdom or Norway) for the election of directors and to transact any other business properly brought before the meeting.
Special General Meetings. The Amended and Restated Bye-Laws provide
that special general meetings may be called by the Board and when required by the Companies Act (i.e. by holders of one-tenth of a company’s issued common shares through a written request to the Board).
Notice Requirements. The Amended and Restated Bye-Laws provide that we must give not less than five (5) days notice before any annual or special general meeting.
Quorum of Shareholders
Under the Companies Act, where the bye-laws so provide, a general meeting of the shareholders of a company may be held with only one individual present if the requirement for a quorum is satisfied and, where a company has only one shareholder or only one holder of any class of shares, the shareholder
present in person or by proxy constitutes a general meeting.
Under the Amended and Restated Bye-Laws, quorum at annual or special general meetings shall be constituted by two or more shareholders either present in person or represented by proxy. If we only have one shareholder, then one shareholder present in person or proxy shall constitute the necessary quorum.
Shareholder Action without a Meeting
Under the Companies Act, unless the company’s bye-laws provide otherwise, any action required to or that may be taken at an annual or general meeting can be taken without a meeting if a written consent to such action is signed by the necessary majority
of the shareholders entitled to vote with respect thereto.
The Amended and Restated Bye-Laws provide that, except in the case of the removal of auditors and directors, anything which may be done by resolution may, without an annual or special general meeting be done by resolution in writing, signed by a simple majority of all the shareholders or their proxies (or such greater majority required by the Companies Act).
Shareholder’s Rights to Examine Books and Records
Under the Companies Act, any shareholder, during the usual hours of business, may inspect, for a purpose reasonably related to his or her
interest as a shareholder, and make copies of extracts from the share register, and minutes of all general meetings.
Amendments to Memorandum of Association
Under Bermuda law, a company may, by resolution passed at an annual or special general meeting of shareholders, alter the provisions of the memorandum of association. An application for alteration can only be made by (i) holders of not less in the aggregate than 20% in par value of a company’s issued share capital, (ii) by holders of not less in the aggregate that 20% of the company’s debentures entitled to object to alterations to the memorandum, or (iii) in the case a company that is limited by guarantee, by not less than 20% of the shareholders.
Variation
in Shareholder Rights
Under Bermuda law, if at any time a company has more than one class of shares, the rights attaching to any class, unless otherwise provided for by the terms of issue of the relevant class, the rights attached to any class of share may be varied with (i) the consent in writing of the holders of 75% in nominal value of the issued shares of that class, or (ii) the sanction of a resolution passed at a separate general meeting of holders of the shares of the class at which a quorum consisting of at least two persons holding or representing of one-third of the issued shares of the relevant class is present.
The Amended and Restated Bye-Laws may be amended from time to time in the manner provided for in the Companies Act.
Vote
on Amalgamations, Mergers, Consolidations and Sales of Assets
Under the Companies Act, any plan of merger or amalgamation must be authorized by the resolution of a company’s shareholders and must be approved by a majority vote of three-fourths of those shareholders voting at such special general meeting. Also, it is required that a quorum of two or more persons holding or representing more than one-third (1/3) of the issued and outstanding common shares of the company on the Record Date are in attendance in person or by proxy at such special general meeting.
There are no provisions in our Amended and Restated Bye-Laws addressing such
matters.
Appraisal and Dissenters Rights
Under Bermuda law, in the event of an amalgamation or a merger of a Bermuda company with another company or corporation, a shareholder of the Bermuda company who did not vote in favor of the amalgamation or merger and is not satisfied that fair value has been offered for such shareholder’s shares may, within one month of notice of the special general meeting, apply to the Supreme Court of Bermuda to appraise the fair value of those shares.
Derivative Actions
Class actions and derivative actions are generally not available to shareholders under Bermuda law. Bermuda courts, however, would ordinarily be expected
to permit a shareholder to commence an action in the name of a company to remedy a wrong to the company where the act complained of is alleged to be beyond the corporate power of the company, or illegal, or would result in the violation of the company’s memorandum of association or bye-laws. Furthermore, consideration would be given by a Bermuda court to acts that are alleged to constitute a fraud against the minority shareholders or, for instance, where an act requires the approval of a greater percentage of the company’s shareholders than that which actually approved it. However, generally a derivative action will not be permitted
where there is an alternative action available that would provide an adequate remedy. Any property or damages recovered by derivative action go to the company, not to the plaintiff shareholders. When the affairs of a company are being conducted in a manner which is oppressive or prejudicial to the interests of some part of the shareholders, one or more shareholders may apply to the Supreme Court of Bermuda, which may make such order
as it sees fit, including an order regulating the conduct of the company’s affairs in the future or ordering the purchase of the shares of any shareholders by other shareholders or by the
company or that the company be wound up.
A statutory right of action is conferred on subscribers to shares of a Bermuda company against persons (including directors and officers) responsible for the issue of a prospectus in respect of damage suffered by reason of an untrue statement contained in the prospectus, but this confers no right of action against the Bermuda company itself. In addition, subject to any limitations that may be contained in the company’s bye-laws, a shareholder may bring a derivative action on behalf of the company to enforce a right of the
company (as opposed to a right of its shareholders) against its officers (including directors) for breach of their statutory and fiduciary duty to act honestly and in good faith with a view to the best interests of the company.
The Amended and Restated Bye-Laws contain provisions whereby each shareholder (i) agrees that the liability of our officers shall be limited, (ii) agrees to waive any claim or right of action such shareholder might have, whether individually or in the right of the Company, against any director, alternate director, officer, person or member of a committee, resident representative or any of their respective heirs, executors or administrators for any action taken by any such person, or the failure
of any such person to take any action, in the performance of his or her duties, or supposed duties, to the Company or otherwise, and (iii) agrees to allow us to indemnify and hold harmless our officers and directors in respect of any liability attaching to such officer and director incurred by him or her as an officer or director of the Company. The restrictions on liability, indemnity and waiver do not extend to any liability of an officer or director for fraud or dishonesty.
Liquidation
Under Bermuda Law, in the event of our liquidation, dissolution or winding up, the holders of common shares are entitled to share in our assets, if any,
remaining after the payment of all of our debts and liabilities, subject to any liquidation preference on any outstanding preference shares.
Limitations on Ownership
There are no limitations on the right of non-Bermudians or non-residents of Bermuda to hold or vote our common shares.
Listing
Our common shares have been quoted on the NASDAQ Global Select Market, or NASDAQ, since our initial public offering in February 1997 and traded under the ticker symbol "VLCCF". Following the completion of the Merger with the former Golden Ocean on March 31, 2015, our common shares began trading under the new
ticker symbol "GOGL" on NASDAQ since April 1, 2015.
In April 2015, we obtained a secondary listing on the OSE. Trading in our common shares on the OSE commenced on April 1, 2015.
Dates Referenced Herein and Documents Incorporated by Reference
