19.12.2011 12:00

http://www.newsweb.no/index.jsp?messageId=295501

Ian Beveridge

This is to inform that Mr. Ian Beveridge, a board member of FLEX LNG Ltd, has today been allotted 27,779 ordinary shares to be issued by Flex LNG Ltd as his remuneration to the 2011 ASM.  The shares constitute a total remuneration of USD 32,465.75, based on a price per share of NOK 6.30751. 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 1 September 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 6,009,440 shares in the Company, representing 4.82 % of the total shares outstanding.  Mr. Ian Beveridge also holds 250,000 shares in a personal capacity, giving a total holding of 5.02%.

Aoki Hiromichi

This is to inform that Mr. Aoki Hiromichi, a board member of FLEX LNG Ltd, has today been allotted 27,779 ordinary shares to be issued by Flex LNG Ltd as his remuneration to the 2011 ASM. The shares constitute a total remuneration of USD 32,465.75, based on a price per share of NOK 6.30751. 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 1 September 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 17,000,837 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 13,890 ordinary shares to be isued by Flex LNG Ltd as part of his remuneration to the 2011 ASM. The shares constitute a total remuneration of USD 16,232.88, based on a price per share of NOK 6.30751. 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 1 September 2011. 

After the issue of these shares, Mr. Pearl will have a holding of 496,615 shares in the Company, representing 0.40% 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 13,890 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration to the 2011 ASM. The shares constitute a total remuneration of USD 16,232.88, based on a price per share of NOK 6.30751. 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 1 September 2011.

After the issue of these shares, Mr. Philip Fjeld will have a holding of 69,615 shares in the Company, representing 0.06% of the total shares outstanding, and Mr. Philip Fjeld and his related parties have a holding of 125,615 shares (representing 0.10% of the shares outstanding).