Key Information Relating to the Cash Dividend to Be Paid by Cool Company Ltd. (TICKER: CLCO)
Cool Company (TICKER: CLCO) announced a cash dividend of $0.41 per share, declared in USD but payable in NOK for shares registered in Euronext Securities Oslo (VPS). Due to the implementation of the Central Securities Depository Regulation (CSDR) in Norway, payment dates will vary between the New York Stock Exchange (NYSE) and the Oslo Stock Exchange (OSE). The standard settlement cycle for trades on NYSE will be shortened to T+1 from May 28, 2024, while OSE will continue with T+2. Key dates include the last trading day with dividend rights on May 30, 2024 (NYSE) and May 29, 2024 (OSE), ex-date on May 31, 2024 (NYSE) and May 30, 2024 (OSE), and record date on May 31, 2024. Payment dates are on or about June 10, 2024 (NYSE) and June 13, 2024 (OSE).
- Cash dividend of $0.41 per share declared.
- Dividend declared in USD; payable in NOK for VPS shares.
- NYSE settlement cycle to shorten to T+1 from May 28, 2024.
- Different payment dates for NYSE and OSE may cause confusion.
- Investors may face restrictions moving shares between NYSE and OSE during interim days.
- Implementation of CSDR in Norway might affect liquidity and trading flexibility.
From May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange (“NYSE”) will be 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:
Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK.
Date of approval: May 21, 2024
|
NYSE |
OSE |
Last day including right1 |
May 30, 2024 |
May 29, 2024 |
Ex-date2 |
May 31, 2024 |
May 30, 2024 |
Record date |
May 31, 2024 |
May 31, 2024 |
Payment date3 |
On or about June 10, 2024 |
On or about June 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
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/20240521307976/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
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