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FLEX LNG Ltd - notice regarding allotment of new shares

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29.07.2016 15:00

http://www.newsweb.no/index.jsp?messageId=406513

David McManus 

This is to inform that Mr. David McManus, a board member of FLEX LNG Ltd, has today been allotted 25,983 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration for the period 01/01/2016 to 30/06/2016. The shares constitute a total remuneration of USD 32,500.00, based on a price per share of NOK 10.52983. The price per share is calculated on the basis of the volume weighted average trading price of the Company’s shares over a period of ten consecutive trading days ending on the day of the cash remuneration settlement, being 13 July 2016.

After the issue of these shares, Mr. David McManus will have a holding of 796,116 shares in the Company, representing 0.622% of the total shares outstanding. 

Marius Hermansen 

This is to inform that Mr. Marius Hermansen, a board member of FLEX LNG Ltd, has today been allotted 12,792 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration for the period 01/01/2016 to 30/06/2016. The shares constitute a total remuneration of USD 16,000.00, based on a price per share of NOK 10.52983. The price per share is calculated on the basis of the volume weighted average trading price of the Company’s shares over a period of ten consecutive trading days ending on the day of the cash remuneration settlement, being 13 July 2016.

After the issue of these shares, Mr. Marius Hermansen will have a holding of 14,568 shares in the Company, representing 0.011% of the total shares outstanding.

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