Key Information Relating to the Cash Dividend to Be Paid by Cool Company Ltd

Rhea-AI Summary

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.

Positive

• Declared dividend payment of $0.15 per share

Negative

• Temporary restriction on share movement between NYSE and OSE during interim days
• Different settlement dates between exchanges may cause operational complexity

LONDON--(BUSINESS WIRE)-- Cool Company Ltd (NYSE: CLCO / CLCO.OL) - Note to shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in Norway (the “VPS”): Due to implementation of the Central Securities Depository Regulation (“CSDR”) in Norway, please note the information on the payment date to the shares registered in the VPS below.

As of May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange (“NYSE”) was shortened from T+2 to T+1 (T= trading date), while the Oslo Stock Exchange (“OSE”) will continue to settle its trades on a T+2 basis. As a result, there will be different dates between the two exchanges, as set out in the table below. During these interim days, investors may be restricted to move shares between NYSE and OSE.

Dividend amount: $0.15 per share

Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK.

Date of approval: November 20, 2024

NYSE
Last day including right1:	November 29, 2024
Ex-date2:	December 2, 2024
Record date:	December 2, 2024
Payment date:	On or about December 9, 2024
OSE
Last day including right1:	November 28, 2024
Ex-date2:	November 29, 2024
Record date:	December 2, 2024
Payment date3:	On or about December 13, 2024

Notes:
1	The last date on which the shares trading on the NYSE and OSE will include the entitlement to the dividend.
2	The date on which the shares will begin trading on the NYSE and OSE without the entitlement to the dividend.
3	Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about December 13, 2024.

For further questions regarding the new NYSE process and timing of dividend payments, shareholders may contact their bank, broker, nominee or other institution.

This announcement is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements under the EU Market Abuse Regulation. This announcement was published by Johannes Boots, CFO of Cool Company Ltd, at the date and time set out above.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120683592/en/

For more information, questions should be directed to:

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



Richard Tyrrell - Chief Executive Officer

John Boots - Chief Financial Officer

Source: Cool Company Ltd

FAQ

What is the dividend amount announced by Cool Company (CLCO) for 2024?

Cool Company (CLCO) announced a dividend of $0.15 per share.

When is the dividend payment date for CLCO shares on NYSE?

The dividend payment date for CLCO shares listed on NYSE is on or about December 9, 2024.

What is the ex-dividend date for CLCO shares on Oslo Stock Exchange?

The ex-dividend date for CLCO shares on Oslo Stock Exchange is November 29, 2024.

Why are there different payment dates for CLCO shares on NYSE and OSE?

Different payment dates exist due to the implementation of CSDR in Norway and different settlement cycles (T+1 for NYSE, T+2 for OSE).