Flex LNG – Grant of stock options
Hamilton, Bermuda, April 2, 2020 Flex LNG Ltd (“Flex LNG” or the “Company”) hereby announces that 45,000 share options have been issued to Mr Ben Martin in connection with his appointment as Chief Commercial Officer of Flex LNG Management. The share options will have a five-year term and will vest equally one third over a three-year vesting period.
- 1/3 of the stock options i.e. 15,000 options vest after 12 months with an exercise price of $5.1
- 1/3 of the stock options i.e. 15,000 options vest after 24 months with an exercise price of $7.6
- 1/3 of the stock options i.e. 15,000 options vest after 36 months with an exercise price of $10.2
The exercise price will be adjusted for any distribution of dividends made before the relevant options are exercised.
For more info please contact: Harald Gurvin, CFO Flex LNG Management AS Telephone +47 23 11 40 00
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.