Update: Knightsbridge Shareholders Approve Merger

The merger transactions pursuant to which Golden Ocean will merge into Knightsbridge have been approved at today’s special general meeting of the shareholders of Knightsbridge.

As a result, the name of Knightsbridge will be changed to “Golden Ocean Group Limited” immediately after the effective time of the merger.

 On Monday, Knightsbridge informed that its shares have been approved for a secondary listing on the Oslo Stock Exchange.

The merger between the two bulker operators was announced back in October last year. The combined company, with Knightsbridge as the surviving entity, will be renamed Golden Ocean Group Limited and will operate a fleet of 72 vessels, of which 34 are newbuildings under construction as of December 31, 2014.

 First day of trading in the shares of the merged company, on the Oslo Stock Exchange is slated for April 1st, 2015.