Friday October 24, 2014

24.10.2014 08:27

Geveran Trading Co Ltd (“Geveran”), which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has on 23rd October 2014 purchased 12,722,682 shares in Flex LNG Ltd at a price of NOK 7.75. As a result, Geveran’s affiliated ownership in Flex LNG Ltd has increased to 54,897,544 shares, constituting 43.32% percent of the issued share capital. 

Geveran will make a mandatory offer for the remaining shares in Flex LNG Ltd within four weeks, in accordance with Chapter 6 of the Norwegian Securities Trading Act.

This information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act.