Flex LNG - Key information relating to the cash distribution for the first quarter 2024
Flex LNG has announced a cash distribution of $0.75 per share for the first quarter of 2024. This distribution will be made from the company's Contributed Surplus Account. NYSE shareholders will receive their payment on or about June 21, 2024, while OSE shareholders will receive theirs on or about June 26, 2024. Important dates include the ex-date of June 10, 2024, for NYSE and June 7, 2024, for OSE. The shortened settlement cycle from T+2 to T+1 on the NYSE starting May 28, 2024, may restrict share movements between NYSE and OSE during interim days.
- Cash distribution of $0.75 per share for Q1 2024 approved.
- Payment dates: June 21, 2024 (NYSE) and June 26, 2024 (OSE).
- Declared distribution from Contributed Surplus Account, indicating financial stability.
- Focus on Liquefied Natural Gas (LNG) with a modern fleet of 13 state-of-the-art ships.
- Increased fuel efficiency and reduced carbon footprint with the latest generation two-stroke propulsion.
- Potential restriction in moving shares between NYSE and OSE during interim days.
- Different settlement cycles (T+1 for NYSE and T+2 for OSE) may cause logistical challenges for investors.
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: June 7, 2024
Ex-date: June 10, 2024
Record date: June 10, 2024
Payment date: On or about June 21, 2024
Date of approval: May 22, 2024
OSE shareholders with shares registered in Euronext Securities Oslo:
Distribution amount:
Declared currency: USD to be distributed in NOK
Last day including right: June 6, 2024
Ex-date: June 7, 2024
Record date: June 10, 2024
Payment date: On or about June 26, 2024
Date of approval: May 22, 2024
For further questions regarding the timing of payments, 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.
For more information, go to: www.flexlng.com
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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