Cool Company Ltd. – Formation Completed
July 01 2022 - 11:46AM
Cool Company Ltd. – Formation Completed
Golar LNG Limited ("Golar") announces today that
it has sold to Cool Company Ltd. (“CoolCo”) the management
organization responsible for the technical and commercial
management of LNG carriers, and the provision of such services to
third parties, as contemplated in the January 2022 Cool Company
Ltd. formation update. CoolCo paid the previously agreed purchase
price of $5 million in cash for the shares plus $1.5 million in
working capital. As part of the transaction, approximately 600
maritime and office-based personnel became CoolCo employees.
Today, Richard Tyrrell also assumed his position
as CEO of CoolCo, replacing Interim CEO Karl Fredrik
Staubo.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) which reflects management’s current
expectations, estimates and projections about its operations. All
statements, other than statements of historical facts, that address
activities and events that will, should, could or may occur in the
future are forward-looking statements. Words such as “may,”
“could,” “should,” “would,” “expect,” “plan,” “anticipate,”
“intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue,” or the negative of these terms and similar
expressions are intended to identify such forward-looking
statements.
These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Golar LNG Limited undertakes no obligation
to update publicly any forward-looking statements whether as a
result of new information, future events or otherwise, unless
required by applicable law.
Hamilton, Bermuda
July 01, 2022
Enquiries:
Golar Management Limited: + 44 207 063 7900
Karl Fredrik Staubo - CEO
Eduardo Maranhão - CFO
Stuart Buchanan - Head of Investor Relations
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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