Knightsbridge Files Registration Statement with SEC
Dry bulk carrier Knightsbridge Shipping Limited has filed a registration statement with the United States Securities and Exchange Commission (SEC) covering the Knightsbridge common shares to be issued by Knightsbridge to Golden Ocean’s shareholders.
The shares are being issued under the merger deal between Knightsbridge and Golden Ocean Group Limited announced in early October.
The shareholders’ meetings of each of Golden Ocean and Knightsbridge are scheduled to be held after the registration statement is declared effective.
The effectiveness of the registration statement is subject, among other things, to SEC review.
The merger is subject to approval by the shareholders of Golden Ocean and Knightsbridge in separate special general meetings expected to be held in December 2014 or January 2015 and the merger is expected to close shortly thereafter.
After the merger is completed, the combined company expects to have a fleet of 46 Capesize vessels, 10 ice class Panamax vessels, 8 Kamsarmax vessels and 8 Supramax vessels, of which 36 are newbuildings under construction.
The new company expects to have a small number of leased vessels and one vessel owned through a joint venture.
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