HAMILTON, Bermuda, March 26, 2015 (GLOBE NEWSWIRE) -- Reference is made to previous announcements regarding the merger between Knightsbridge Shipping Limited (to renamed Golden Ocean Group Limited) (" Knightsbridge") and Golden Ocean Group Limited (" Golden Ocean") with Knightsbridge as the surviving entity and the notice of a Special General Meeting of the Shareholders of Knightsbridge as announced on February 27, 2015. Knightsbridge advises that a Special General Meeting of the Shareholders of the Company was held on March 26, 2015 at 9:30 a.m. at the Knightsbridge's Registered Office, 4 th Floor, Par-la-Ville Place, 14, Par-la-Ville Road, Hamilton HM08, Bermuda. The following resolutions were passed:
- That the Merger Transactions by and among Golden Ocean and Knightsbridge pursuant to which Golden Ocean will merge into Knightsbridge be and are hereby approved.
- That the Amended and Restated Bye-laws of Knightsbridge be and are hereby adopted.
Important Information For Investors And ShareholdersThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed transaction between Golden Ocean and Knightsbridge, Knightsbridge has filed relevant materials with the Securities and Exchange Commission (the "SEC"), including a registration statement of Knightsbridge on Form F-4, including Amendments No. 1, 2 and 3 thereto, containing a joint proxy statement of Golden Ocean and Knightsbridge that also constitutes a prospectus of Knightsbridge. The registration statement has been declared effective by the SEC on February 25, 2015, and Golden Ocean and Knightsbridge commenced mailing the definitive joint proxy statement/prospectus to shareholders of Golden Ocean and Knightsbridge on or about February 26, 2015. INVESTORS AND SECURITY HOLDERS OF GOLDEN OCEAN AND KNIGHTSBRIDGE ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the registration statement and the joint proxy statement/prospectus and other documents filed with or furnished to the SEC by Knightsbridge through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with or furnished to the SEC by Knightsbridge will be available free of charge on Knightsbridge's website at http://www.knightsbridgeshipping.com. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the joint proxy statement/prospectus and other relevant materials to be filed with or furnished to the SEC when they become available. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
HUG#1906583Inger Marie Klemp (CFO), +47 23 11 40 00