London, UK - December 8
COOL COMPANY Ltd. ("CoolCo" or the "Company") (NYSE: CLCO / CLCO.OL) has
announced today that it has established an updated record date of December 16,
2025 for a special meeting of its shareholders. At the special meeting, the date
of which will be announced in due course, the Company's shareholders will vote
on the previously announced proposed merger of CoolCo with a newly formed,
wholly owned subsidiary of EPS Ventures Ltd. CoolCo shareholders of record at
the close of business on December 16, 2025 will be entitled to receive notice of
the special meeting and to vote at the special meeting.
A copy of the notice and associated information will be distributed to
shareholders by normal distribution methods prior to the meeting and will also
be made available on the website maintained by the SEC at www.sec.gov, and the
Company's website at http://www.coolcoltd.com.
ABOUT COOLCO
CoolCo is an LNG Carrier pure play with a fleet of 13 vessels and a
well-balanced portfolio of short- and long-term charters with the world's
leading oil & gas, trading, and utility companies. In addition to organic growth
from two newbuilds delivered in Q4 2024 and Q1 2025, CoolCo's strategy includes
ongoing assessment of growth opportunities through vessel acquisitions and
potential consolidation in the fragmented LNG market. Through its in-house LNG
transportation and infrastructure management platform, CoolCo operates its own
vessels and provides management services to third-party owners. The company
benefits from the scale and support of Eastern Pacific Shipping, an affiliate of
its largest shareholder and the owner of one of the world's largest independent
shipping fleets. This affiliation strengthens CoolCo's strategic position with
shipyards, financial institutions, and deal flow access. CoolCo is committed to
supporting global decarbonization and energy security. As part of its LNGe
upgrade program, the company aims to reduce emissions by 10-15%, contributing to
a fleet-wide emissions reduction target of 35% from 2019 to 2030.
Additional information about CoolCo can be found at www.coolcoltd.com.
FORWARD LOOKING STATEMENTS
This press release and any written or oral statements made by us in connection
with this press release include forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as "aim,"
"anticipate," "assume," "believe," "contemplate," "continue," "could," "due,"
"estimate," "expect," "goal," "intend," "may," "objective," "plan," "predict,"
"potential," "positioned," "seek," "should," "target," "will," "would" and other
similar expressions that are predictions of or indicate future events and future
trends, or the negative of these terms or other comparable terminology, although
not all forward-looking statements contain these words. All statements contained
in this press release that do not relate to matters of historical fact should be
considered forward-looking statements, including but not limited to, statements
regarding the proposed transaction described above (the "Transaction"),
including the expected timing of the Company's special general meeting of its
shareholders, the expected impact of the Transaction and other statements about
the Transaction and other non-historical statements.
Any forward-looking statements contained herein are based on our historical
performance and our current plans, estimates, strategies, priorities and
expectations and are not a representation that such plans, estimates, or
expectations will be achieved. These forward-looking statements represent our
expectations as of the date of this press release. Subsequent events may cause
these expectations to change, and we disclaim any obligation to update the
forward-looking statements in the future, except as required by law. These
forward-looking statements are subject to known and unknown risks and
uncertainties that may cause actual results to differ materially from our
current expectations.
Important factors that could cause actual results to differ materially from
those anticipated in our forward-looking statements include, but are not limited
to, (i) the Transaction may not be consummated within the expected timeframe in
accordance with expected terms and plans, or at all