Golden Ocean Group Announces Merger with CMB.TECH and Change of VPS Registrar

Golden Ocean Group and CMB.TECH have announced a merger, aiming to complete the deal on or around August 20, 2025. Golden Ocean will change its registrar in Euronext Oslo from Nordea to DNB Carnegie, affecting the conversion and transfer of shares during the merger process. The conversion stop for Golden Ocean shares is expected to occur from August 4 to August 20, and for CMB.TECH shares, approximately two business days thereafter.

Title: Golden Ocean Group and CMB.TECH Merger Update: Key Dates and Shareholder Considerations

Golden Ocean Group (GOGL) and CMB.TECH NV have announced significant updates regarding their merger, with an expected completion date around August 20, 2025. The merger, which aims to combine the strengths of both companies, is subject to shareholder approval at a Special General Meeting scheduled for August 19, 2025.

One of the key technical updates involves a change in Golden Ocean's VPS registrar from Nordea to DNB Carnegie. This change is necessary to facilitate the merger closing and will result in a temporary freeze on share conversions between Euronext Oslo Børs and Nasdaq. The conversion stop period is expected to last from August 4 to August 20, 2025 [1].

During this period, shareholders will not be able to convert or transfer their shares between Euronext Oslo Børs and Nasdaq. After the merger, trading of new CMB.TECH merger consideration shares is expected to begin on NYSE, Euronext Brussels, and Euronext Oslo Børs on August 20, 2025 [1].

The merger remains subject to various closing conditions, including shareholder approval. For shareholders, the distribution mechanism is geography-specific: those with shares on Nasdaq will receive new CMB.TECH ordinary shares trading on NYSE, while those on Euronext Oslo Børs will receive shares expected to trade on Euronext Oslo Børs [1].

This update primarily addresses administrative procedures rather than revealing new strategic information about the merger itself. The temporary conversion restriction is a standard procedural step to ensure proper accounting and distribution of new shares following the merger completion [1].

References
[1] https://www.stocktitan.net/news/GOGL/gogl-update-on-merger-with-cmb-tech-and-change-of-vps-95kbq60fylll.html