The Board of Oslo Børs approves Knightsbridge Shipping for listing
At its meeting on 23 March 2015, the Board of Oslo Børs resolved to admit shares in Knightsbridge Shipping Limited to secondary listing on Oslo Børs. Knightsbridge Shipping will be renamed Golden Ocean Group Limited.
The Board stipulated that the company prior to the first day of listing must satisfy the requirement for:
- complete the merger with Golden Ocean Group Limited as set out in the plan of merger dated October 7, 2014
- registration of the consideration shares to be issued to shareholders of Golden Ocean Group Limited with a Central Securities Depository as set out in Section 2.4.7 and Section 9.2 (2) no 2 first sentence of the Oslo Børs Listing Rules
- publishing an approved prospectus
The Board authorised the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 7 May 2015.
About Knightsbridge Shipping Limited:
Knightsbridge Shipping Limited is a Bermuda exempted company founded in 1996 which is engaged in the transportation of dry bulk cargoes. Knightsbridge owns and operates, through its subsidiaries, a fleet of 43 Capesize dry bulk carriers, of which 17 are sailing and 26 are newbuildings under construction. Each of Knightsbridge’s vessels has been flagged in the Marshall Islands or Hong Kong. The total carrying capacity of Knightsbridge’s fleet is approximately 4.9 million dwt.