John Fredriksen’s Golden Ocean Group has spent a further $2.7m repurchasing 50,000 shares of its common stock.
The Oslo-and Nasdaq-listed bulk carrier owner paid an average price of NOK 54.4 ($6.38) per share, a filing said on Monday.
Golden Ocean subsequently holds 520,000 of its own shares, equivalent to 0.36% of the company’s outstanding share capital.
The Birgitte Vartdal-led company commenced the share buyback programme on 20 December and has repurchased shares in six separate transactions since then, all on the Oslo Stock Exchange.
