Aankondiging • Jan 21
Cool Company Ltd. Files Form 15 Cool Company Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Shares was $1.00 per share. On January 9, 2026, pursuant to the agreement and plan of merger, dated as of September 29, 2025 (the “merger agreement”), by and among cool company ltd., a Bermuda exempted company limited by shares (“cool company”), bounty ltd, a liberian nonresident domestic corporation and a wholly owned indirect subsidiary of eps ventures ltd., a company duly incorporated in the marshall islands (“eps”) and solely for the purposes of the guarantor provisions (as defined in the merger agreement), eps, with apex merger sub ltd, a Bermuda exempted company limited by shares and a wholly owned subsidiary of eps (“merger sub”) acceding to the merger agreement on October 15, 2025, merger sub merged with and into cool company, with cool company surviving as a wholly owned subsidiary of eps. Aankondiging • Sep 27
Cool Company Seeks to Delist from New York Stock Exchange and Euronext Growth Oslo Upon Completion of the Merger Cool Company Ltd. and EPS Ventures announced they are in advanced discussions regarding a potential transaction under which EPS would acquire all of the outstanding shares of CoolCo that are not already held by EPS in exchange for $9.65 in cash per common share. The transaction would be implemented through a cash merger of a wholly owned subsidiary of EPS with and into CoolCo under the laws of Bermuda. Following completion of the merger, the company would be wholly owned by EPS and would seek to be delisted from the New York Stock Exchange and Euronext Growth Oslo. Aankondiging • Sep 24
EPS Ventures Ltd signed a agreement in principle to acquire remaining 40.7% stake in Cool Company Ltd. (OB:CLCO) for approximately $210 million. EPS Ventures Ltd signed a agreement in principle to acquire remaining 40.7% stake in Cool Company Ltd. (OB:CLCO) for approximately $210 million on September 24, 2025. A cash consideration valued at $9.65 per share will be paid by EPS Ventures Ltd. Upon completion, EPS Ventures Ltd will own 100% stake in Cool Company Ltd and would seek to be delisted from the New York Stock Exchange and Euronext Growth Oslo.
The Board of Directors of CoolCo (the “Board”) has established an independent Special Committee, comprised solely of independent and disinterested directors, with its own independent legal and financial advisors, to review and negotiate the terms of the potential transaction. The Special Committee intends to recommend to the Board the approval of the proposed terms of the transaction, subject to the completion of mutually acceptable definitive agreements. The Company and EPS are targeting a closing of the potential transaction during the fourth quarter of 2025 or the first quarter of 2026, subject to requisite approvals of the transaction, including by holders of a majority of the common shares of CoolCo and the satisfaction of certain other customary closing conditions.
Evercore Partners Limited acted as financial advisor for Cool Company Ltd. Credit Agricole CIB Holdings Limited acted as financial advisor for EPS Ventures Ltd. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for EPS Ventures Ltd. Latham & Watkins LLP acted as legal advisor for Cool Company Ltd. Aankondiging • Nov 21
Cool Company Ltd. Declares Dividend for the Third Quarter of 2024, Payable on or Around December 13, 2024 In line with Cool Company Ltd.’s variable dividend policy, the Board has declared a Third Quarter dividend of $0.15 per common share. The record date is December 2, 2024 and the dividend will be distributed to DTC-registered shareholders on or around December 9, 2024, while due to the implementation of the Central Securities Depositories Regulation in Norway, the dividend will be distributed to Euronext VPS-registered shareholders on or around December 13, 2024. Aankondiging • Nov 07
Cool Company Ltd., Annual General Meeting, Nov 19, 2026 Cool Company Ltd., Annual General Meeting, Nov 19, 2026. Declared Dividend • Sep 01
Second quarter dividend of US$0.41 announced Shareholders will receive a dividend of US$0.41. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 14%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 60% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: US$0.48 (vs US$0.84 in 2Q 2023) Second quarter 2024 results: EPS: US$0.48 (down from US$0.84 in 2Q 2023). Revenue: US$83.4m (down 2.9% from 2Q 2023). Net income: US$26.1m (down 42% from 2Q 2023). Profit margin: 31% (down from 52% in 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Aankondiging • Aug 29
Cool Company Ltd. Announces Cash Dividend, Payable on or About September 16, 2024 Cool Company Ltd. announced cash dividend amount of $0.41 per share. Payment date is On or about September 16, 2024. Record date is September 9, 2024. Ex-date is September 9, 2024. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €12.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 19% over the past year. Reported Earnings • May 23
First quarter 2024 earnings released: EPS: US$0.68 (vs US$0.84 in 1Q 2023) First quarter 2024 results: EPS: US$0.68 (down from US$0.84 in 1Q 2023). Revenue: US$88.1m (up 2.7% from 1Q 2023). Net income: US$36.6m (down 19% from 1Q 2023). Profit margin: 42% (down from 52% in 1Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Aankondiging • May 22
Cool Company Ltd. Announces Dividend Cool Company Ltd. announced Dividend amount: $0.41 per share, Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK. NYSE: Last day including right: May 30, 2024. Ex-date: May 31, 2024. Record date: May 31, 2024. Payment date: On or about June 10, 2024. OSE: Last day including right: May 30, 2024. Ex-date: May 30, 2024. Record date: May 31, 2024. Payment date: On or about June 13, 2024. New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 35x cash flows per share). Large one-off items impacting financial results. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: US$3.25 (vs US$2.31 in FY 2022) Full year 2023 results: EPS: US$3.25 (up from US$2.31 in FY 2022). Revenue: US$361.4m (up 74% from FY 2022). Net income: US$174.7m (up 87% from FY 2022). Profit margin: 48% (up from 45% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Aankondiging • Feb 28
Cool Company Ltd. Announces Dividend, Payable on or About March 18, 2024 Cool Company Ltd. announced Dividend amount: $0.41 per share, Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK. Last day including right: March 7, 2024. Ex-date: March 8, 2024. Record date: March 11, 2024. Payment date: On or about March 18, 2024. Due to the implementation of Central Securities Depository Regulation in Norway, dividends payable to shares registered in the VPS will be distributed on or about March 21, 2024. Buy Or Sell Opportunity • Feb 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €10.64. The fair value is estimated to be €13.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 154% over the last year. Earnings per share has grown by 51%. Revenue is forecast to grow by 4.2% in 2 years. Earnings are forecast to decline by 37% in the next 2 years. Buying Opportunity • Dec 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €13.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 154% over the last year. Earnings per share has grown by 51%. Revenue is forecast to grow by 4.2% in 2 years. Earnings is forecast to decline by 37% in the next 2 years. Aankondiging • Nov 30
Cool Company Ltd. Approves Executive Changes Cool Company Ltd. at its AGM held on November 29, 2023 approved to elect Mr. Sami Iskander, Ms. Joanna Zhou and Mr. Richard Tyrrell as a Director of the Company. Aankondiging • Nov 29
Cool Company Ltd. Approves Cash Dividend, Payable on or Around December 15, 2023 In line with the Cool Company Ltd.’s variable dividend policy, the Board has declared a Third Quarter dividend of $0.41 per ordinary share. The record date is December 7, 2023 and the dividend will be distributed to DTC-registered shareholders on or around December 15, 2023, while due to the implementation of the Central Securities Depositories Regulation in Norway, the dividend will be distributed to Euronext VPS-registered shareholders on or around December 20, 2023. Ex-date: December 6, 2023. Aankondiging • Aug 31
Cool Company Ltd. Approves Cash Dividend, Payable on or About September 18, 2023 Cool Company Ltd. approved cash dividend amount: $0.41 per share; Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK. Last day including right: September 7, 2023; Ex-date: September 8, 2023; Record date: September 11, 2023; Payment date: On or about September 18, 2023. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about September 22, 2023. Date of approval: August 30, 2023. Aankondiging • Jun 14
Cool Company Ltd., Annual General Meeting, Sep 29, 2023 Cool Company Ltd., Annual General Meeting, Sep 29, 2023. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €11.98, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €15.55 per share. Aankondiging • May 23
Cool Company Ltd. Announces Dividend, Payable on or About June 9, 2023 Cool Company Ltd. announced Dividend amount: $0.41 per share Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK. Last day including right: May 30, 2023 Ex-date: May 31, 2023 Record date: June 1, 2023 Payment date: On or about June 9, 2023. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €11.72, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 03
Cool Company Ltd has completed a Follow-on Equity Offering in the amount of NOK 2.8242 billion. Cool Company Ltd has completed a Follow-on Equity Offering in the amount of NOK 2.8242 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 21,724,616
Price\Range: NOK 130
Transaction Features: Regulation S; Subsequent Direct Listing Aankondiging • Oct 31
Cool Company Ltd Announces Variable Dividend Policy Cool Company Ltd. announced that the Board of Directors has approved the initiation of a dividend policy under which it intends to allocate its free cash flow to equity primarily to the payment of a quarterly dividend. Following CoolCo's formation in early 2022, the Company has realized material benefit from its pure-play exposure to a rapidly strengthening charter market for modern Tri-Fuel Diesel Electric LNG carriers. Against CoolCo's second quarter 2022 Daily Time Charter Equivalent Earnings ("TCE") of approximately $62,000 per day and an all-in cash breakeven for the fleet of approximately $54,000 per day, the Company has secured the following vessel charters that materially increase CoolCo's free cash flow generation profile for an extended period: In 2022, agreed a 12-month charter at $120,000 per day. In September 2022, agreed a 12-month charter at $140,000 per day. For a vessel due to enter the charter market during the fourth quarter of 2022, a charter has been agreed at either approximately $190,000 per day for one year or $120,000 per day for three years. A three-year charter has been confirmed subject to charterer vetting process. Advanced discussions on a second 3-year charter for a vessel available in 1Q23 at prevailing market rates. Under CoolCo's newly introduced variable dividend policy, the Company intends to allocate its free cash flow to equity primarily to the payment of a quarterly dividend, after allocations to drydocking and capital expenditures related to improving vessel efficiency. The dividend policy is scheduled to commence with effect from the fourth quarter of 2022, with an initial payment expected to take place during the first quarter of 2023. The declaration and payment of dividends are at all times subject to the sole discretion of the Company's Board of Directors, taking into consideration, among other factors, including but not limited to the freight market outlook, the Company's balance sheet, market cyclicality, distributable reserves, liquidity requirements and macroeconomic conditions. Aankondiging • Sep 16
Cool Company Ltd, Annual General Meeting, Sep 30, 2022 Cool Company Ltd, Annual General Meeting, Sep 30, 2022. Agenda: To set the maximum number of Directors to be not more than five; to re-elect Mr. Cyril Ducau as a Director of the Company; to re-elect Mr. Peter Anker as a Director of the Company; to re-elect Mr. Antoine Bonnier as a Director of the Company; to re-elect Mr. Neil J. Glass as a Director of the Company; to re-elect Ms. Mi Hong Yoon as a Director of the Company; to approve amended and restated Bye-Laws being adopted as the new Bye-Laws of the Company in substitution and replacement for the existing Bye-Laws; to re-appoint Ernst & Young Global Limited, UK as independent auditors and to authorize the Directors to determine their remuneration; and to transact other business. Aankondiging • Jul 02
Cool Company Ltd. Announces CEO Changes Cool Company Ltd. announced that Richard Tyrrell assumed his position as CEO of CoolCo, replacing interim CEO Karl Fredrik Staubo. Aankondiging • May 17
Cool Company Ltd. to Report Q1, 2022 Results on May 31, 2022 Cool Company Ltd. announced that they will report Q1, 2022 results on May 31, 2022 Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.