Flex LNG Announces Cash Distribution Details for Shareholders
Overview of Cash Distribution for Shareholders
Flex LNG Ltd., a prominent player in the shipping industry, has released significant information concerning the cash distribution to be allocated for the first quarter of 2025. The distribution will be derived from the Company’s Contributed Surplus Account, ensuring efficient financial management and support for its stakeholders.
Distribution Summary for NYSE Shareholders
For shareholders trading on the New York Stock Exchange (NYSE), the cash distribution is set at $0.75 per share. This payment is scheduled to take place under the following timeline:
Important Dates:
Last day including right: June 5, 2025
Ex-date: June 6, 2025
Record date: June 6, 2025
Payment date: June 20, 2025
The declaration of this distribution aims to recognize the continued support and loyalty of Flex LNG's investors.
Distribution Summary for OSE Shareholders
For those holding shares on the Oslo Stock Exchange (OSE), the distribution also amounts to $0.75 per share, but will be distributed in Norwegian Krone (NOK). Here’s a timeline for OSE shareholders:
Important Dates:
Last day including right: June 4, 2025
Ex-date: June 5, 2025
Record date: June 6, 2025
Payment date: June 25, 2025
The centralized management of funds ensures that both NYSE and OSE shareholders receive their entitled distribution promptly and efficiently.
Contact for Further Inquiries
For any questions or clarifications regarding the timing of payments or the distribution process, shareholders are encouraged to reach out to their respective banks or brokers. Additionally, inquiries can also be directed to Knut Traaholt, Chief Financial Officer of Flex LNG Management AS. Below are the contact details:
Telephone: +47 23 11 40 00
About Flex LNG
Flex LNG is proudly committed to advancing the liquefied natural gas (LNG) maritime sector. With an impressive fleet of thirteen advanced LNG carriers, the Company stands out for its investment in state-of-the-art technologies, such as the latest generation two-stroke propulsion systems (MEGI and X-DF). These innovations significantly enhance fuel efficiency, thereby reducing carbon emissions when compared to traditional vessels in the industry. Flex LNG is publicly traded under the ticker FLNG on both the New York and Oslo Stock Exchanges.
Frequently Asked Questions
What is the cash distribution amount for Flex LNG shareholders?
The cash distribution amount is $0.75 per share for both NYSE and OSE shareholders.
When will the cash distribution be paid to shareholders?
The payment date for NYSE shareholders is June 20, 2025, while OSE shareholders will receive it on June 25, 2025.
What should shareholders do if they have questions about their payments?
Shareholders can contact their banks or brokers for inquiries regarding payment timing and procedures.
Who can I contact for specific questions about Flex LNG’s cash distribution?
Knut Traaholt, Chief Financial Officer of Flex LNG Management AS, can be reached at +47 23 11 40 00 for any specific questions.
What makes Flex LNG's fleet stand out in the industry?
Flex LNG's fleet is notable for utilizing the latest generation propulsion technology, resulting in superior fuel efficiency and environmental performance.
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