Cool Company Ltd. Announces Following The Recently Announced Issuance Of Shares Related To The Vesting Of Previously Granted RSUs Under The Co's Long-Term Incentive Plan The Total Number Of Issued Shares Has Increased By 14,384 To 53,702,846
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Cool Company Ltd. (NYSE:CLCO) announced an increase in its total number of issued shares by 14,384 to 53,702,846 due to the vesting of previously granted RSUs under its Long-Term Incentive Plan. Each share has a nominal value of USD 1.00. This follows a press release issued on November 25, 2022, and is detailed in the Company's 2022 Annual Report on Form 20-F filed with the SEC.
February 22, 2024 | 9:36 pm
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Cool Company Ltd. (NYSE:CLCO) has increased its total number of issued shares to 53,702,846 due to the vesting of RSUs, impacting its equity structure.
The issuance of new shares due to the vesting of RSUs is a common equity action that can dilute existing shareholders' equity but also reflects the company's commitment to its Long-Term Incentive Plan. The impact on the stock price is neutral in the short term as the increase in shares is relatively small compared to the total number of shares and was anticipated in the LTIP details previously disclosed.
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