Essential Insights on Flex LNG's Q4 2024 Financing Plans

Understanding Flex LNG's Cash Distribution Strategy for Q4 2024

Flex LNG Ltd. has announced important details regarding the cash distribution planned for the fourth quarter of 2024. This distribution will be drawn from the Company's Contributed Surplus Account, ensuring that shareholders are informed and prepared for the upcoming cycles.

Changes in Settlement Cycles

Starting shortly, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange (NYSE) will be shortened from T+2 to T+1. This change is significant for investors, as it affects how and when transactions can be completed. Conversely, the Oslo Stock Exchange (OSE) will maintain its T+2 settlement cycle, creating a need for understanding these transitions.

Impact on Shareholders

This modification means that shareholders on the NYSE will experience differing timelines compared to their counterparts on the OSE. It is essential for investors to stay updated with these changes to anticipate any limitations in transferring shares between the two exchanges.

Distribution Details for NYSE and OSE Shareholders

For shareholders on the NYSE, the distribution amount is set at $0.75, with several key dates highlighted:

• Last day including right: February 19, 2025
• Ex-date: February 20, 2025
• Record date: February 20, 2025
• Payment date: March 5, 2025
• Date of approval: February 3, 2025

Similarly, for OSE shareholders with shares registered in Euronext Securities Oslo, the distribution amount mirrors that of the NYSE at $0.75, but is subjected to Norwegian Krone (NOK) with different specified dates:

• Last day including right: February 18, 2025
• Ex-date: February 19, 2025
• Record date: February 20, 2025
• Payment date: March 10, 2025
• Date of approval: February 3, 2025

Essential Notes for Investors

For those with questions concerning the timing and processing of these payments, it’s recommended to reach out to your bank, broker, or other financial intermediaries. Staying informed is key to navigating any uncertainties during this transitional period.

About Flex LNG and Its Operations

Flex LNG is at the forefront of the shipping industry, targeting the expanding market for Liquefied Natural Gas (LNG). With a fleet comprising thirteen LNG carriers, Flex LNG takes pride in utilizing state-of-the-art vessels outfitted with the latest two-stroke propulsion technology, such as MEGI and X-DF systems. These innovations foster significant improvements in fuel efficiency and actively reduce the carbon footprint compared to older models.

Shareholder Engagement

Flex LNG, traded under the ticker symbol FLNG on both the New York Stock Exchange and Oslo Stock Exchange, is committed to maintaining transparent communication with its shareholders. This approach reflects the company’s dedication to sustainability and environmental responsibility, aligning with industry standards as it navigates a forward-looking strategy amid evolving market conditions.

Frequently Asked Questions

What is the cash distribution amount for Q4 2024?

The cash distribution amount for the fourth quarter of 2024 is set at $0.75.

When will the payment be made to NYSE shareholders?

Payments to NYSE shareholders will be made on March 5, 2025.

How does the settlement cycle change affect investors?

The settlement cycle change implies that NYSE transactions will settle quicker, leading to potential differences in timelines for those trading between NYSE and OSE.

What is Flex LNG's primary business focus?

Flex LNG focuses on the shipping sector, particularly in the transportation of Liquefied Natural Gas (LNG), with an emphasis on modern, eco-friendly vessels.

How can shareholders contact Flex LNG for further inquiries?

Shareholders can contact their bank, broker, or the Chief Financial Officer, Knut Traaholt, for further inquiries about the cash distribution details.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

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