Golden Ocean Group Extends Existing Buy-Back Program With 12 Months
Portfolio Pulse from Benzinga Newsdesk
Golden Ocean Group has extended its share buy-back program for another 12 months, allowing for the repurchase of up to 10 million shares, with a maximum budget of USD 100 million. As of now, 1,507,328 shares have been repurchased for USD 11,629,758. The buy-backs will occur on both the Oslo Stock Exchange and Nasdaq.
October 02, 2024 | 8:34 pm
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Golden Ocean Group has extended its share buy-back program, which could positively impact its stock price by reducing the number of shares available in the market, potentially increasing earnings per share.
The extension of the buy-back program indicates the company's confidence in its own value, which can be seen as a positive signal by investors. By reducing the number of shares available in the market, the buy-back can increase the earnings per share, potentially leading to a higher stock price.
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