Golden Ocean Group Limited ("Golden Ocean" or the "Company") hereby announces
that 275,000 share options have today been granted to Mr Peder Simonsen in
connection with his appointment as CFO of Golden Ocean Management AS. The share
options will have a five-year term expiring September 4, 2025, and will vest
equally one third over a three-year vesting period.
* 75,000 of the share options will vest on September 4, 2021, with an exercise
price of NOK 32.- each
* 75,000 of the share options will vest on September 4, 2022, with an exercise
price of NOK 48.- each
* 125,000 of the share options will vest on September 4, 2023, with an
exercise price of NOK 64.- each
The exercise price will be adjusted for any distribution of dividends made
before the relevant options are exercised.
September 14, 2020
The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermud
For further queries, please contact:
Ulrik Uhrenfeldt Andersen: CEO, Golden Ocean Management AS
+47 22 01 73 53
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.