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FLEX LNG Ltd – notice regarding allotment of new shares

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11.02.2014 18:00

http://www.newsweb.no/index.jsp?messageId=345630

Ian Beveridge 

This is to inform that Mr. Ian Beveridge, a board member of FLEX LNG Ltd, has today been allotted 31,882 ordinary shares to be issued by Flex LNG Ltd as his remuneration from 01/07/2013 to 31/12/2013. The shares constitute a total remuneration of USD 35,000.00, based on a price per share of NOK 6.76292. 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 remuneration settlement, being 17 January 2014.

Mr. Ian Beveridge is a director in Bernhard Schulte Investment Holding, and in accordance with an agreement with Mr. Ian Beveridge the shares will be issued to Bernhard Schulte Investment Holding. After the issue of these shares, Bernhard Schulte Investment Holding will have a holding of 6,304,425 shares in the Company, representing 4.98% of the total shares outstanding.  Mr. Ian Beveridge also holds 250,000 shares in a personal capacity, giving a total holding of 5.18%.

David McManus

This is to inform that Mr. David McManus, a board member of FLEX LNG Ltd, has today been allotted 59,209 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration 01/07/2013 to 31/12/2013. The shares constitute a total remuneration of USD 65,000.00, based on a price per share of NOK 6.76292. 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 remuneration settlement, being 17 January 2014.

After the issue of these shares, Mr. David McManus will have a holding of 612,790 shares in the Company, representing 0.48% of the total shares outstanding. 

Christopher Pittinger 

This is to inform that Mr. Christopher Pittinger, a board member of FLEX LNG Ltd, has today been allotted 16,305 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/07/2013 to 31/12/2013.The shares constitute a total remuneration of USD 17,899.46, based on a price per share of NOK 6.76292. 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 remuneration settlement, being 17 January 2014.

After the issue of these shares, Mr. Christopher Pittinger will have a holding of 165,345 shares in the Company, representing 0.13% of the total shares outstanding.  

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