22-March-2019
John Fredriksen’s Hemen Holding which indirectly controls the family’s trust, purchased another 50,000 shares of Golden Ocean Group. Hemen Holding paid a total of $263,000 in order to increase the family share of Oslo-listed Golden Ocean Group.
The latest purchase has increased Hemen Holding’s share in Golden Ocean Group to 49 million shares, which is equivalent to 35% of the Golden Ocean Group’s outstanding shares and votes.
John Fredriksen’s private arm Hemen Holding also holds TRS (Total Return Swap) deals with underlying exposure to 4,7 million shares in Golden Ocean Group.