Wednesday September 6, 2017

06.09.2017 16:48

Geveran Trading Co. Ltd. (“Geveran”), a company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family, has settled Total Return Swap (TRS) agreements underlying 810,000 shares in Flex LNG Ltd. expiring September 6th, 2017 and subsequently entered into a new TRS agreement  underlying the same number of shares 810,000. New expiry date is December 6th, 2017 and new TRS price is NOK 9.69 per share. Geveran’s affiliated ownership inFlex LNG Ltd. is following this transaction 191,131,803 shares, constituting 51.95 percent of the issued share capital. Geveran controls after this in addition TRS agreements with exposure to totally 810,000 shares in Flex LNG Ltd.