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The merger agreement, announced in September 2025, was approved at a special general meeting held on Tuesday, according to a statement from CoolCo.
Under the agreement, EPS Ventures will acquire all of the outstanding shares of CoolCo that are not already held by EPS for $9.65 in cash per common share.
As of November 14, CoolCo had 52,868,029 shares issued and outstanding, excluding the 858,689 treasury shares held by the company as a result of the share repurchases.
Of the outstanding shares, 31,354,390 (59.3 percent) shares were owned by EPS and 21,513,639 (40.7 percent) shares were owned by other investors in the public market.
January 9
Following shareholder approval, all conditions precedent to the completion of the merger have been satisfied.
The transaction will be implemented through a cash merger of a wholly-owned subsidiary of EPS with and into CoolCo under the laws of Bermuda, with CoolCo as the surviving company.
In connection with the completion of the merger, CoolCo expects to be delisted from the New York Stock Exchange and Euronext Growth Oslo.
CoolCo said it expects the merger to be completed on January 9, 2026.
The company will therefore request that the Oslo Stock Exchange suspend CoolCo’s
common shares from trading on Euronext Growth Oslo before market open on January
9, 2026.
Accordingly, and subject to such suspension and completion of the merger, January 8, 2026 will be the last day of trading in the CoolCo shares on Euronext Growth Oslo, the company said.
LNG fleet
CoolCo has seven TFDE LNG carriers, which it acquired from Golar LNG, and the four LNG carriers it purchased from EPS.
Besides these vessels, CoolCo purchased two newbuild LNG carriers from EPS, and they feature GTT’s Mark III Flex membrane cargo tank system, reliquification, air-lubrication, and shaft generators.
The shipping firm exercised its option with affiliates of EPS Ventures in June 2023 to acquire newbuild contracts for the two 2-stroke LNG carriers.
