- Golden Ocean Group Ltd GOGL The Board of Directors has approved a share buyback $100 million program.
- Under the approval, the company can buy up to a total of 10 million of its shares for a period of up to 12 months beginning on October 4, 2022.
- The maximum amount payable per share is $10 or NOK equivalent for shares purchased on the Oslo Stock Exchange.
- The share buybacks will be conducted through market buybacks, both on the Oslo Stock Exchange and NASDAQ.
- Kept golden Cash and cash equivalents of $168.3 million from June 30, 2022.
- Price promotion: GOGL shares are trading up 3.06% at $8.41 on the latest premarket check Wednesday.
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