Cool Company Ltd. - Increase in Share Capital

HAMILTON, Bermuda--(BUSINESS WIRE)-- Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (the “Company”) announces that, following the recently announced issuance of shares related to the vesting of previously granted RSUs under the Company’s Long-Term Incentive Plan (the “LTIP”), the Company’s total number of issued shares has increased by 14,384 to 53,702,846, with each share having a nominal value of USD 1.00.

Full details of the LTIP are available in the Press Release issued on November 25, 2022, or in the Company’s 2022 Annual Report on Form 20-F as filed with the SEC.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Richard Tyrrell - Chief Executive Officer
John Boots - Chief Financial Officer

View source version on businesswire.com: https://www.businesswire.com/news/home/20240222833364/en/

For more information, questions should be directed to:

c/o Cool Company Ltd - +44 207 659 1111 / ir@coolcoltd.com

 

Source: Cool Company Ltd.

FAQ

How many shares did Cool Company Ltd. (CLCO) issue due to the vesting of RSUs under the Long-Term Incentive Plan?

Cool Company Ltd. (CLCO) issued 14,384 shares, bringing the total number of issued shares to 53,702,846.

What is the nominal value of each share after the increase in issued shares by Cool Company Ltd. (CLCO)?

Each share of Cool Company Ltd. (CLCO) now has a nominal value of USD 1.00.

Where can I find full details of the Long-Term Incentive Plan (LTIP) mentioned in the press release by Cool Company Ltd. (CLCO)?

Full details of the LTIP can be found in the Press Release issued on November 25, 2022, or in the Company's 2022 Annual Report on Form 20-F as filed with the SEC.

What is the contact information for inquiries related to Cool Company Ltd. (CLCO) mentioned in the press release?

For more information, questions should be directed to c/o Cool Company Ltd at +44 207 659 1111 or ir@coolcoltd.com.