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CoolCo rings the bell at NYSE

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Representatives of CoolCo and the company’s largest shareholder convened at the New York Stock Exchange to ring the closing bell

Representatives of Bermudian-based Cool Company Ltd, the liquefied natural gas shipping company, have rung the closing bell at the New York Stock Exchange, celebrating their new listing.

On hand for the ceremony were CoolCo’s senior management and board members as well as members of EPS Ventures, the company’s largest shareholder (58 per cent), including Israeli billionaire Idan Ofer, who controls EPS.

CoolCo was already listed on the Euronext Growth Oslo and began trading on the NYSE on Friday.

CoolCo chief executive Richard Tyrrell has stated: “By listing on the NYSE, we are expanding our investor base and providing US investors with access to CoolCo’s unique combination of attractive dividends and exposure to the fast-growing global demand for LNG transportation.

“CoolCo will be one of the largest of a limited number of US publicly traded companies that are connecting global markets with LNG, which is crucial to energy security and has an important role in the global transition to a lower-carbon future.”

He added: “Our new presence in the US market will generate immediate value for all CoolCo shareholders by providing easier access to CoolCo shares and additional trading liquidity.

“Additionally, the dual listing further strengthens CoolCo’s financial flexibility, supplementing our strong balance sheet, significant internal cash generation and proven access to competitively priced debt in ensuring that we are well positioned to seize attractive growth opportunities in a prudent manner that maximises shareholder value.”

Richard Tyrrell, CEO of Cool Company Ltd (File photograph)

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Published March 24, 2023 at 7:33 am (Updated March 24, 2023 at 7:33 am)

CoolCo rings the bell at NYSE

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