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BRIEF-Hemen buys $20 mln of Golden Ocean's convertible bond
August 29, 2017 / 2:10 PM / 24 days ago

BRIEF-Hemen buys $20 mln of Golden Ocean's convertible bond

Aug 29 (Reuters) - GOLDEN OCEAN GROUP LTD

* HEMEN HOLDING LIMITED, A COMPANY INDIRECTLY CONTROLLED BY TRUSTS ESTABLISHED BY JOHN FREDRIKSEN, HAS ACQUIRED $20.0 MILLION OF GOLDEN OCEAN GROUP 14/19 3.07% $200 MILLION CONVERTIBLE BOND AT A PURCHASE PRICE OF 94.55¢/$1, AND CONVERTIBLE INTO 226,886 SHARES IN GOLDEN OCEAN AT AN EXERCISE PRICE OF $88.15 PER SHARE.

* FOLLOWING ACQUISITION, HEMEN HOLDS AGGREGATE $113.6 MILLION IN CONVERTIBLE BOND, CONVERTIBLE INTO ABOUT 1 PERCENT OF SHARES AND VOTES IN COMPANY

* FURTHER, HEMEN HOLDS 49.8 MILLION SHARES IN GOLDEN OCEAN, EQUALING ABOUT 37.6 PERCENT OF SHARES AND VOTES IN THE COMPANY SOURCE TEXT FOR EIKON: FURTHER COMPANY COVERAGE: (Reporting By Oslo Newsroom)

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