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FLEX LNG Ltd - notice regarding allotment of new shares

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21.01.2016 16:00

http://www.newsweb.no/index.jsp?messageId=393425

David McManus

This is to inform that Mr. David McManus, a board member of FLEX LNG Ltd, has today been allotted 26,546 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration for the period 01/07/2015 to 31/12/2015. The shares constitute a total remuneration of USD 32,500.00, based on a price per share of NOK 10.77871. 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 14 January 2016. 

After the issue of these shares, Mr. David McManus will have a holding of 770,133 shares in the Company, representing 0.602% 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 1,776 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration for the period 07/12/2015 to 31/12/2015. The shares constitute a total remuneration of USD 2,173.91, based on a price per share of NOK 10.77871. 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 14 January 2016.

After the issue of these shares, Mr. Marius Hermansen will have a holding of 1,776 shares in the Company, representing 0.001% of the total shares outstanding.  

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