Cool Company Ltd. - CLCO STOCK NEWS

Cool Company (CoolCo) announced the vesting of restricted stock units (RSUs) under its Long-Term Incentive Program (LTIP). Primary insiders Richard Tyrrell received 2,232 shares and Johannes Boots received 1,175 shares on November 29, 2024. Following the vesting, Tyrrell holds 8,545 shares, 8,341 RSUs, and 371,227 Options, while Boots holds 1,764 shares, 4,416 RSUs, and 123,742 Options. The company will issue shares underlying the vested RSUs around December 9, 2024, increasing total issued shares to 53,726,718.

Cool Company (NYSE: CLCO) has announced its third quarter 2024 dividend of $0.15 per share. The shares will trade ex-dividend on two different dates: November 29, 2024 on the Oslo Stock Exchange (OSE) and December 2, 2024 on the New York Stock Exchange (NYSE).

Cool Company (NYSE: CLCO / CLCO.OL) held its 2024 Annual General Meeting on November 21, 2024, in London. The meeting approved several key resolutions, including: setting a maximum of nine Directors, allowing the Board to fill casual vacancies, re-electing seven Directors including Cyril Ducau and Richard Tyrrell, re-appointing Ernst & Young Global as auditors, and approving Board remuneration not exceeding US$625,000 for 2024, excluding equity-based compensation. The meeting also presented the audited consolidated financial statements for 2023.

Cool Company (NYSE: CLCO) has announced a cash dividend of $0.15 per share, approved on November 20, 2024. Due to the implementation of CSDR in Norway and different settlement cycles between NYSE (T+1) and Oslo Stock Exchange (T+2), there will be varying payment dates. For NYSE-listed shares, the payment date is around December 9, 2024, while shares registered in VPS will receive payments around December 13, 2024. The ex-date is December 2, 2024 for NYSE and November 29, 2024 for OSE. During interim days, share transfers between NYSE and OSE may be restricted.

Cool Company (NYSE:CLCO) reported Q3 2024 financial results with total operating revenues of $82.4 million, slightly down from $83.4 million in Q2. Net income decreased to $8.11 million from $26.51 million, primarily due to losses in mark-to-market interest rate swaps. The company achieved average Time Charter Equivalent Earnings of $81,600 per day, up from $78,400 in Q2. Notable events include the delivery of newbuild vessel Kool Tiger, completion of scheduled drydocks, and approval for refinancing of $570 million bank facility. The company declared a $0.15 per share quarterly dividend and approved a $40 million share repurchase program.

Cool Company (NYSE: CLCO) has announced its Third Quarter 2024 Earnings call and webcast presentation scheduled for Wednesday, November 20, 2024, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London. The presentation materials will be available on the company's website. Participants can join via a listen-only webcast, while sell-side analysts can participate in the Q&A session through teleconference dial-in options. The company recommends connecting 10 minutes before the scheduled start time, with a limit of two questions per participant.

Cool Company (NYSE: CLCO) has announced its Third Quarter 2024 Earnings call and webcast presentation, scheduled for Thursday, November 21, 2024, at 8:30 A.M. New York / 2:30 P.M. Oslo / 1:30 P.M. London. The presentation materials will be available on the company's website at www.coolcoltd.com.

Participants are encouraged to join via the listen-only live webcast link. Sell-side analysts can participate in the Q&A session through teleconference dial-in options, with a limit of two questions per participant. Conference call numbers include +1 800-225-9448 for North America and +1 203-518-9708 for International calls, using conference ID CCL3Q24.

Cool Company (NYSE: CLCO / CLCO.OL) has announced its 2024 Annual General Meeting, scheduled for November 21, 2024. The company has made available the Notice of Annual General Meeting and associated materials, including the 2024 Annual Report on Form 20-F, on its website at www.coolcoltd.com. This information is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act. For further inquiries, stakeholders can contact the company at +44 207 659 1111 or ir@coolcoltd.com. Key contacts include Richard Tyrrell (Chief Executive Officer) and John Boots (Chief Financial Officer).

Cool Company (NYSE: CLCO / CLCO.OL) has announced its ex-dividend date for the second quarter of 2024. Shareholders will receive a dividend of $0.41 per share. The ex-dividend dates are set as follows:

- Oslo Stock Exchange (OSE): September 6, 2024
- New York Stock Exchange (NYSE): September 9, 2024

This announcement complies with the disclosure requirements of the Norwegian Securities Trading Act, Section 5-12. Investors seeking more information can contact Cool Company at +44 207 659 1111 or ir@coolcoltd.com. The company's key executives are Richard Tyrrell (CEO) and John Boots (CFO).