Golar Lng Ltd 6-K, filed Jan 28, 2022
Golar Lng Ltd (GLNG)
About this 6-K
Golar Lng Ltd filed this 6-K on January 28, 2022.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2022
Commission File Number: 000-50113
Golar LNG Limited (Translation of registrant's name into English)
2nd Floor S.E. Pearman Building 9 Par-la-Ville Road Hamilton HM 11 Bermuda (Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
**Note:**Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
**Note:**Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
On January 27, 2022, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated January 27, 2022
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Golar LNG Limited | |
|---|---|
| (Registrant) | |
| Date: January 27, 2022 | /s/ Karl Fredrik-Staubo |
| Karl Fredrik-Staubo | |
| Chief Executive Officer |
EdgarFiling
EXHIBIT 99.1
Cool Company Limited Closes $275 million Private Placement of Shares
Reference is made to the press release issued on the 27 January 2022. Golar LNG (“Golar”) is pleased to announce that Cool Company Ltd. (“CoolCo” or “the Company”) has successfully closed an upsized private placement of $275 million in new shares. Following the equity raise CoolCo will have an initial equity value of $400 million. Eastern Pacific Shipping (“EPS”) will be the largest shareholder with a 38% shareholding, Golar will own 31% and the public will own 31% of the Company.
The Shares will be listed on the N-OTC immediately following completion of the Private Placement. CoolCo will then apply to list the shares of the Company on Euronext Growth Oslo during February 2022. CoolCo will also target an additional listing on an internationally recognized stock exchange during 2022.
Initially owning 8 modern TFDE LNG ships upon closing of a Sale and Purchase Agreement in February, CoolCo targets to become a growth vehicle and consolidator of modern LNG carriers providing investors with direct market exposure to an expected continued strength in the LNG freight market.
Karl Fredrik Staubo, CEO of Golar and CoolCo commented:
“We are very pleased with the reception of CoolCo. The Company will target to become a leading player for an expected continued strengthening of LNG shipping fundamentals, driven by new liquefaction capacity coming on stream, increasing distances and effective supply reductions from new environmental regulations effective from 1 January 2023.
We are excited to develop Cool Company with Eastern Pacific Shipping and look forward to exploring consolidation opportunities.”
Cyril Ducau, CEO of Eastern Pacific Shipping commented:
“The strong market support for this transaction creates a solid foundation for CoolCo. With a strong shareholder base, robust capital structure, experienced team and strong LNG market reputation the company is well equipped to realize value from an enviable market position and build on favorable dynamics for LNG shipping."
Clarksons Platou Securities AS and DNB Markets, a part of DNB Bank ASA acted as joint global coordinators and bookrunners, ABG Sundal Collier ASA and Fearnley Securities AS acted as joint bookrunners and Danske Bank Norwegian Branch and Nordea Bank Abp, filial i Norge acted as joint lead managers.
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 CoolCo’s plans and operations, including the consummation of transactions contemplated by the Terms Agreement, including the Private Placement, listing and debt financing. All statements, other than statements of historical facts, that address plans, operations, activities and events that will, should, could or may occur in the future pursuant to the Terms Agreement, Private Placement, listing or debt financing 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 of the transactions described herein or CoolCo’s LNG business activities 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 with respect to the transactions necessary for the creation, financing and listing of CoolCo. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Neither CoolCo nor Golar LNG Limited undertakes any 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
27 January 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