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PRESS RELEASE: CMB.TECH completes merger with Golden Ocean
Antwerp, Aug. 20, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) (“CMB.TECH”) is pleased to announce that it has successfully completed the stock-for-stock merger between Golden Ocean Group Limited (“Golden Ocean”) and CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda Ltd. as the surviving company, and with CMB.TECH as the issuer of the merger consideration shares (the “Merger”). Approval by Golden Ocean
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[{"type":"text","content":"Antwerp, Aug. 20, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) (“CMB.TECH”) is pleased to announce that it has successfully completed the stock-for-stock merger between Golden Ocean Group Limited (“Golden Ocean”) and CMB.TECH Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda Ltd. as the surviving company, and with CMB.TECH as the issuer of the merger consideration shares (the “Merger”).","length":474,"tagName":"p","attribs":{}},{"type":"text","content":"Approval by Golden Ocean shareholders","length":37,"tagName":"p","attribs":{}},{"type":"text","content":"At yesterday’s special general meeting of shareholders of Golden Ocean, the Merger was approved by shareholders holding 92.72% of the shares present or represented at the meeting.","length":179,"tagName":"p","attribs":{}},{"type":"text","content":"Capital increase","length":16,"tagName":"p","attribs":{}},{"type":"text","content":"This morning, CMB.TECH has issued 95,952,934 new ordinary shares by means of a capital increase by contribution in kind. These shares will be delivered to former holders of Golden Ocean shares as merger consideration at the exchange ratio of 0.95 ordinary shares of CMB.TECH for each common share of Golden Ocean (subject to rounding), in accordance with the merger agreement.","length":376,"tagName":"p","attribs":{}},{"type":"text","content":"The newly issued CMB.TECH shares will begin trading on Euronext Brussels and on the New York Stock Exchange (“NYSE”) today. In addition, Euronext Oslo Børs (“Euronext Oslo”) has approved CMB.TECH’s application for the secondary listing of its shares on the regulated market Euronext Oslo. CMB.TECH’s ordinary shares (including the newly issued shares) will begin trading on Euronext Oslo today, under ticker symbol “CMBTO”. As part of the secondary listing on Euronext Oslo, CMB.TECH has also established a secondary share register in the Norwegian central securities depository, Euronext Securities Oslo (Verdipapirsentralen) (the “VPS”), with DNB Bank ASA, Issuer Services (“DNB”) as its VPS registrar, which is linked to the U.S. component of CMB.TECH’s primary share register.","length":780,"tagName":"p","attribs":{}},{"type":"text","content":"More information on the Merger can be found in (i) the registration statement on Form F-4 which ...