Golar LNG Ltd.
Golar LNG Ltd.
07/01/2022 | Press release | Distributed by Public on 07/01/2022 10:55
Cool Company Ltd. - Formation Completed
Tid01.07.2022, 16:46:54
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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
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