Tuesday February 21, 2012

21.02.2012 18:00

http://www.newsweb.no/index.jsp?messageId=299160

Ian Beveridge

This is to inform that Mr. Ian Beveridge, a board member of FLEX LNG Ltd, has today been allotted 37,155 ordinary shares to be issued by Flex LNG Ltd as his remuneration from the 2011 ASM to 31 December 2011. The shares constitute a total remuneration of USD 24,547.95, based on a price per share of NOK 2.78349 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 13 January 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 6,046,595 shares in the Company, representing 4.83% of the total shares outstanding. Mr. Ian Beveridge also holds 250,000 shares in a personal capacity, giving a total holding of 5.03%.

Aoki Hiromichi

This is to inform that Mr. Aoki Hiromichi, a board member of FLEX LNG Ltd, has today been allotted 37,024 ordinary shares to be issued by Flex LNG Ltd as his remuneration from the 2011 ASM to 31 December 2011. The shares constitute a total remuneration of USD 24,547.95, based on a price per share of NOK 2.78349 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 13 January 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 17,037,861 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 26,779 ordinary shares to be issued by Flex LNG Ltd as part of his remuneration from the 2011 ASM to 31 December 2011. The shares constitute a total remuneration of USD 12,273.97, based on a price per share of NOK 2.78349. 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 13 January 2012.

After the issue of these shares, Mr. Pearl will have a holding of 523,394 shares in the Company, representing 0.42% 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 26,779 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from the 2011 ASM to 31 December 2011. The shares constitute a total remuneration of USD 12,273.97, based on a price per share of NOK 2.78349. 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 13 January 2012.

After the issue of these shares, Mr. Philip Fjeld will have a holding of 96,394 shares in the Company, representing 0.08% of the total shares outstanding, and Mr. Philip Fjeld and his related parties have a holding of 152,394 shares (representing 0.12% 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 99,466 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from the 2011 ASM to 31 December 2011. The shares constitute a total remuneration of USD 45,589.04, based on a price per share of NOK 2.78349. 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 13 January 2012.

After the issue of these shares, Mr. David McManus will have a holding of 99,466 shares in the Company, representing 0.08% 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 26,779 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from the 2011 ASM to 31 December 2011. The shares constitute a total remuneration of USD 12,273.97, based on a price per share of NOK 2.78349. 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 13 January 2012.

After the issue of these shares, Mr. Christopher Pittinger will have a holding of 26,779 shares in the Company, representing 0.02% 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 26,779 ordinary shares to be issued by FLEX LNG Ltd as part of his remuneration from the 2011 ASM to 31 December 2011. The shares constitute a total remuneration of USD 12,273.97, based on a price per share of NOK 2.78349. 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 13 January 2012.

 

After the issue of these shares, Mr. Eiji Wakiwaka will have a holding of 26,779 shares in the Company, representing 0.02% of the total shares outstanding.