SOURCE: Golden Ocean Group

September 28, 2009 04:37 ET

GOGL - 2009 Annual General Meeting

HAMILTON, BERMUDA--(Marketwire - September 28, 2009) -


Golden Ocean Group Limited (the "Company") advises that the 2009 Annual General Meeting of the Company was held on September 25, 2009 at 11:00 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda. The following resolutions were passed:

 1. To set the maximum number of Directors to be not more than eight.

 2. That vacancies in the number of Directors be designated casual
    vacancies and that the Board of Directors be authorized to fill
    such casual vacancies as and when it deems fit.

 3. To re-elect John Fredriksen as a Director of the Company.

 4. To re-elect Tor Olav Trøim as a Director of the Company.

 5. To re-elect Kate Blankenship as a Director of the Company.

 6. To re-elect Hans Christian Børresen as a Director of the Company.

 7. To re-elect Cecilie Fredriksen as a Director of the Company.

 8. To appoint PricewaterhouseCoopers AS as auditors and to authorise
    the Directors to determine their remuneration.

 9. That the remuneration payable to the Company's Board of Directors
    of a total amount of fees not to exceed US$300,000 be approved
    for the year ended December 31, 2009.

In addition, the audited consolidated financial statements for the Company for the year ended December 31, 2008 were presented to the Meeting.

Hamilton, Bermuda
September 25, 2009


Geir Karlsen (CFO), +47 23 11 40 00

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