CoolCo sets December 2025 record date for merger vote

Cool Company Ltd. (CoolCo) has set an updated record date of December 16, 2025, for a special meeting where shareholders will vote on the proposed merger with a newly formed, wholly owned subsidiary of EPS Ventures Ltd. Shareholders of record on this date will be eligible to receive notice and vote at the meeting, which will be announced later. This "going private transaction" requires the filing of a Schedule 13E-3 Transaction Statement with the SEC, which shareholders are urged to review.

CoolCo operates a fleet of 13 LNG vessels with a balanced portfolio of short- and long-term charters. Its strategy includes organic growth from two newbuilds due in Q4 2024 and Q1 2025, alongside assessing growth opportunities through acquisitions and potential consolidation within the fragmented LNG market. The company also aims to reduce emissions by 10-15% through its LNGe upgrade program, targeting a 35% fleet-wide reduction from 2019 to 2030.