16.08.2012 21:00

http://www.newsweb.no/index.jsp?messageId=310566  

Ian Beveridge

This is to inform that Mr. Ian Beveridge, a board member of FLEX LNG Ltd, has today been allotted 48,161 ordinary shares to be issued by Flex LNG Ltd as his remuneration from 01/01/2012 to 30/06/2012.  The shares constitute a total remuneration of USD 35,000.00, based on a price per share of NOK 3.19289 and NOK 6.32537. 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 19 July 2012 and the date of the election to receive the second 50% of remuneration as shares on 31 August 2011.

 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 6,094,756 shares in the Company, representing 4.86 % of the total shares outstanding.  Mr. Ian Beveridge also holds 250,000 shares in a personal capacity, giving a total holding of 5.06%.

Aoki Hiromichi

This is to inform that Mr. Aoki Hiromichi, a board member of FLEX LNG Ltd, has today been allotted 47,975 ordinary shares to be issued by Flex LNG Ltd as his remuneration from 01/01/2012 to 30/06/2012. The shares constitute a total remuneration of USD 35,000.00, based on a price per share of NOK 3.19289 and NOK 6.43311. 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 19 July 2012 and the date of the election to receive the second 50% of remuneration as shares on 30 August 2011.

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 17,085,836 shares in the Company, representing 13.62 % of the total shares outstanding.

 Scott Pearl 

This is to inform that Mr. Scott Pearl, a board member of FLEX LNG Ltd, has today been allotted 33,368 ordinary shares to be issued by Flex LNG Ltd as part of his remuneration from 01/01/2012 to 30/06/2012. The shares constitute a total remuneration of USD 17,500.00, based on a price per share of NOK 3.19289. 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 19 July 2012.

After the issue of these shares, Mr. Pearl will have a holding of 556,762 shares in the Company, representing 0.44% of the total shares outstanding. 

Philip Fjeld

This is to inform that Mr. Philip Fjeld, a board member of FLEX LNG Ltd, has today been allotted 33,368 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/01/2012 to 30/06/2012. The shares constitute a total remuneration of USD 17,500.00, based on a price per share of NOK 3.19289. 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 19 July 2012.

After the issue of these shares, Mr. Philip Fjeld will have a holding of 129,762 shares in the Company, representing 0.10% of the total shares outstanding, and Mr. Philip Fjeld and his related parties have a holding of 185,762 shares (representing 0.15% 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 123,940 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/01/2012 to 30/06/2012. The shares constitute a total remuneration of USD 65,000.00, based on a price per share of NOK 3.19289. 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 19 July 2012.

After the issue of these shares, Mr. David McManus will have a holding of 223,406 shares in the Company, representing 0.18% 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 33,368 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/01/2012 to 30/06/2012. The shares constitute a total remuneration of USD 17,500.00, based on a price per share of NOK 3.19289. 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 19 July 2012.

After the issue of these shares, Mr. Christopher Pittinger will have a holding of 60,147 shares in the Company, representing 0.05% 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 33,368 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from 01/01/2012 to 30/06/2012. The shares constitute a total remuneration of USD 17,500.00, based on a price per share of NOK 3.19289. 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 19 July 2012.

After the issue of these shares, Mr. Eiji Wakiwaka will have a holding of 60,147 shares in the Company, representing 0.05% of the total shares outstanding.