Hamilton, Bermuda 7 September 2018,
Flex LNG Limited (“Flex LNG” or the “Company”) hereby announces that 1,110,000 share options have been issued to senior management.
The share options will have a five-year term and will vest equally one third over a three-year vesting period. The exercise price is USD 1.43. The exercise price will be adjusted for any distribution of dividends made before the relevant options are exercised.
The following primary insiders have been allocated the following stock options in the Company according to the above:
Øystein M. Kalleklev, CEO: 600,000 stock options
Halfdan Marius Foss, Head of Commerical and Operations: 450,000 stock options
For more info please contact: Øystein M. Kalleklev, Chief Executive Officer.
Telephone +47 23 11 40 58
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo Børs.