Thursday August 26, 2010

26.08.2010 08:38

This is to inform that Mr. Scott Pearl, a board member of FLEX LNG Ltd, has been allotted 17,412 ordinary shares to be issued by Flex LNG Ltd as part of his remuneration for the first half of 2010. The shares constitute a total remuneration of USD 12,500, based on a price per share of NOK 4.4846 for the first half of 2010. 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 21 July 2010. 

After the issue of these shares, Mr. Pearl will have a holding of 467,083 shares in the Company, representing approximately 0.41% of the total shares outstanding.