FLEX LNG Ltd – notice regarding allotment of new shares

13.02.2013 17:00

http://www.newsweb.no/index.jsp?messageId=320976
 

Ian Beveridge

This is to inform that Mr. Ian Beveridge, a board member of FLEX LNG Ltd, has today been allotted 78,097 ordinary shares to be issued by Flex LNG Ltd as his remuneration from 01/07/2012 to 31/12/2012. The shares constitute a total remuneration of USD 35,000.00, based on a price per share of NOK 2.49582. 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 16 January 2013.

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 6,172,853 shares in the Company, representing 4.90% of the total shares outstanding. Mr. Ian Beveridge also holds 250,000 shares in a personal capacity, giving a total holding of 5.10%.
 

Aoki Hiromichi

This is to inform that Mr. Aoki Hiromichi, a board member of FLEX LNG Ltd, has today been allotted 78,097 ordinary shares to be issued by Flex LNG Ltd as his remuneration from 01/07/2012 to 31/12/2012. The shares constitute a total remuneration of USD 35,000.00, based on a price per share of NOK 2.49582. 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 16 January 2013.

Mr. Aoki Hiromichi is an Executive Officer in Kawasaki Kisen Kaisha Ltd., and in accordance with an agreement with Mr. Aoki Hiromichi the shares will be issued to Kawasaki Kisen Kaisha Ltd. After the issue of these shares, Kawasaki Kisen Kaisha Ltd. will have a holding of 17,163,933 shares in the Company, representing 13.63% of the total shares outstanding.
 

Philip Fjeld

This is to inform that Mr. Philip Fjeld, a primary insider of FLEX LNG Ltd, has today been allotted 58,500 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/07/2012 to 31/12/2012. The shares constitute a total remuneration of USD 26,217.39, based on a price per share of NOK 2.49582. 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 16 January 2013.

After the issue of these shares, Mr. Philip Fjeld will have a holding of 188,262 shares in the Company, representing 0.15% of the total shares outstanding, and Mr. Philip Fjeld and his related parties have a holding of 244,262 shares (representing 0.19% of the shares outstanding).
 

David McManus

This is to inform that Mr. David McManus, a board member of FLEX LNG Ltd, has today been allotted 145,036 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration 01/07/2012 to 31/12/2012. The shares constitute a total remuneration of USD 65,000.00, based on a price per share of NOK 2.49582. 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 16 January 2013.

After the issue of these shares, Mr. David McManus will have a holding of 368,442 shares in the Company, representing 0.29% 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 39,048 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/07/2012 to 31/12/2012. The shares constitute a total remuneration of USD 17,500.00, based on a price per share of NOK 2.49582. 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 16 January 2013.

After the issue of these shares, Mr. Christopher Pittinger will have a holding of 99,195 shares in the Company, representing 0.08% of the total shares outstanding.
 

Eiji Wakiwaka

This is to inform that Mr. Eiji Wakiwaka, a board member of FLEX LNG Ltd, has today been allotted 39,048 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/07/2012 to 31/12/2012. The shares constitute a total remuneration of USD 17,500.00, based on a price per share of NOK 2.49582. 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 16 January 2013.

After the issue of these shares, Mr. Eiji Wakiwaka will have a holding of 99,195 shares in the Company, representing 0.08% of the total shares outstanding.