Flex LNG - Key information relating to the cash distribution for the third quarter 2024
Flex LNG has announced a cash distribution of $0.75 for the third quarter 2024, to be paid from the Company's Contributed Surplus Account. Due to the NYSE settlement cycle changing from T+2 to T+1 from May 28, 2024, while OSE maintains T+2, there will be different distribution dates for NYSE and OSE shareholders. NYSE shareholders' payment is scheduled for December 11, 2024, while OSE shareholders will receive payment around December 16, 2024. The company operates thirteen LNG carriers with modern two-stroke propulsion systems, offering improved fuel efficiency compared to older vessels.
Flex LNG ha annunciato una distribuzione in contante di $0.75 per il terzo trimestre del 2024, che sarà prelevata dal Conto di Surplus Contribuito della Società. A causa del cambiamento del ciclo di regolamento della NYSE da T+2 a T+1 a partire dal 28 maggio 2024, mentre l'OSE rimane a T+2, ci saranno date di distribuzione diverse per gli azionisti della NYSE e dell'OSE. Il pagamento per gli azionisti della NYSE è previsto per l'11 dicembre 2024, mentre gli azionisti dell'OSE riceveranno il pagamento attorno al 16 dicembre 2024. La società gestisce tredici metaniere con moderni sistemi di propulsione a due tempi, offrendo una maggiore efficienza carburante rispetto alle navi più vecchie.
Flex LNG ha anunciado una distribución de efectivo de $0.75 para el tercer trimestre de 2024, que se pagará desde la Cuenta de Superávit Contribuido de la Compañía. Debido a que el ciclo de liquidación de la NYSE cambiará de T+2 a T+1 a partir del 28 de mayo de 2024, mientras que la OSE mantiene T+2, habrá diferentes fechas de distribución para los accionistas de NYSE y OSE. El pago para los accionistas de NYSE está programado para el 11 de diciembre de 2024, mientras que los accionistas de OSE recibirán su pago alrededor del 16 de diciembre de 2024. La empresa opera trece transportadores de GNL con modernos sistemas de propulsión de dos tiempos, que ofrecen una mejor eficiencia de combustible en comparación con los buques más antiguos.
Flex LNG는 2024년 3분기 현금 배당금 $0.75을 발표하였으며, 이는 회사의 기여잉여금 계좌에서 지급될 예정입니다. 2024년 5월 28일부터 NYSE의 정산 주기가 T+2에서 T+1으로 변경됨에 따라, OSE는 T+2를 유지하게 되므로 NYSE와 OSE 주주에 대한 배당 날짜가 다르게 설정될 것입니다. NYSE 주주에 대한 지급은 2024년 12월 11일로 예정되어 있으며, OSE 주주는 2024년 12월 16일경에 지급을 받을 예정입니다. 이 회사는 현대적 두행정 추진 시스템을 가진 13척의 LNG 운반선을 운영하며, 이는 구형 선박에 비해 연료 효율성을 개선한 것입니다.
Flex LNG a annoncé une distribution en espèces de $0.75 pour le troisième trimestre 2024, qui sera payée à partir du Compte de Surplus Contribué de la Société. En raison du changement du cycle de règlement de la NYSE de T+2 à T+1 à partir du 28 mai 2024, tandis que l'OSE reste à T+2, il y aura des dates de distribution différentes pour les actionnaires de la NYSE et de l'OSE. Le paiement aux actionnaires de la NYSE est prévu pour le 11 décembre 2024, tandis que les actionnaires de l'OSE recevront leur paiement autour du 16 décembre 2024. L'entreprise exploite treize méthaniers avec des systèmes de propulsion modernes à deux temps, offrant une meilleure efficacité énergétique par rapport aux navires plus anciens.
Flex LNG hat eine Barausschüttung von $0.75 für das dritte Quartal 2024 angekündigt, die aus dem Beitragssurplus-Konto des Unternehmens gezahlt wird. Aufgrund des Wechsels des Abwicklungzyklus an der NYSE von T+2 auf T+1 ab dem 28. Mai 2024, während die OSE bei T+2 bleibt, werden die Ausschüttungsdaten für NYSE- und OSE-Aktionäre unterschiedlich sein. Die Zahlung an die NYSE-Aktionäre ist für den 11. Dezember 2024 angesetzt, während die OSE-Aktionäre rund um den 16. Dezember 2024 ihre Zahlung erhalten werden. Das Unternehmen betrieben dreizehn LNG-Tanker mit modernen Zwei-Takt-Antriebssystemen, die im Vergleich zu älteren Schiffen eine verbesserte Kraftstoffeffizienz bieten.
- Quarterly cash distribution of $0.75 per share maintained
- Fleet of 13 modern LNG carriers with efficient propulsion systems
- None.
Insights
Flex LNG's quarterly dividend announcement of
The upcoming T+1 settlement change for NYSE trades while OSE remains on T+2 creates a temporary technical consideration for cross-exchange trading. However, this administrative change doesn't impact the fundamental value proposition. The company's fleet of 13 modern LNG carriers with efficient two-stroke propulsion technology positions them well in the growing LNG shipping market, where environmental considerations are increasingly important.
Please note that from May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange ("NYSE") will be shortened from T+2 to T+1 (of which T equals trading date), while the Oslo Stock Exchange ("OSE") will continue to settle its trades on a T+2 basis.
As a result, there will be different dates between the two stock exchanges, as set out below. During these interim days, investors may be restricted to move shares between NYSE and OSE.
NYSE shareholders:
Distribution amount:
Declared currency: USD
Last day including right: November 26, 2024
Ex-date: November 27, 2024
Record date: November 27, 2024
Payment date: On or about December 11, 2024
Date of approval: November 11, 2024
OSE shareholders with shares registered in Euronext Securities Oslo:
Distribution amount:
Declared currency: USD to be distributed in NOK
Last day including right: November 25, 2024
Ex-date: November 26, 2024
Record date: November 27, 2024
Payment date: On or about December 16, 2024
Date of approval: November 11, 2024
For further questions regarding the timing of payments, please contact your bank, broker, nominee, or other financial intermediary.
For more info please contact:
Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
Email: IR@flexlng.com
About Flex LNG
Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG carriers on the water and all of our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offer significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. Flex LNG is listed on the New York Stock Exchange as well as Oslo Stock Exchange under the ticker FLNG.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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SOURCE Flex LNG
FAQ
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