London, UK - May 27, 2025
(NYSE: CLCO / CLCO.OL) – Cool Company Ltd (the "Company") initiated a share repurchase program on March 27, 2025 to repurchase up to 7,000,000 shares for a total amount of up to $40 million during the period from April 1, 2025 until no later than December 31, 2026, pursuant to an agreement with DNB Markets, Inc. and DNB Markets, a part of DNB Bank ASA (together, "DNB").
For the period from and including May 19, 2025 through May 23, 2025, the Company purchased a total of 71,647 shares at an average price of $6.08 per share. For the repurchases on the OSE, the average FX NOK/USD rate was 10.22. The transactions carried out through the agreement with DNB comprise all the share repurchase transactions conducted by or on behalf of the Company during the period.
The issuer's holding of repurchased shares:
Following the completion of the above transactions, the Company owns a total of 763,827 of its own shares, corresponding to 1.422% of the Company's share capital.
Appendix:
An overview of share repurchase activity, along with details of transactions carried out under the share repurchase program during the above-mentioned time period, is attached to this report and available at www.newsweb.no.
For more information, questions should be directed to:
c/o Cool Company Ltd - +44 207 659 1111 / ir@coolcoltd.com
Richard Tyrrell - Chief Executive Officer
Johannes Boots - Chief Financial Officer
This announcement is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements under the EU Market Abuse Regulation.