Flex LNG - Mandatory notification of trade by PDMR

Rhea-AI Summary

Flex LNG received trade notifications from CEO Øystein Kalleklev and CFO Knut Traaholt, who exercised options and sold shares on the NYSE. Kalleklev sold 87,500 shares, while Traaholt sold 42,000 shares, both at an average price of USD 25.17 per share. After the sale, Kalleklev owns 50,000 shares and has 100,000 share options, while Traaholt retains 48,000 share options.

HAMILTON, Bermuda, April 17, 2024 /PRNewswire/ -- Flex LNG Ltd. (the "Company") has received trade notifications from the following persons discharging managerial responsibilities ("PDMR"):

Øystein Kalleklev, CEO of Flex LNG Management AS, has in the period April 15^th and April 16^th, 2024 exercised 87,500 options and subsequently sold 87,500 shares on New York Stock Exchange for an average price of USD 25.17 per share. Following the sale, Mr. Kalleklev owns 50,000 common shares and has 100,000 share options in the Company.

Knut Traaholt, CFO of Flex LNG Management AS, has in the period April 15^th and April 16^th, 2024 exercised 42,000 options and subsequently sold 42,000 shares on New York Stock Exchange for an average price of USD 25.17 per share. Following the sale, Mr. Traaholt has 48,000 share options in the Company.

Please find further details in the attached forms.

This notification has been publicly disclosed in accordance with Article 19 of the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading Act.

For questions please contact:

Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
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. We have built up a significant contract backlog, having 11 of our 13 vessels on long term fixed rate charter contracts and one vessel on variable hire time charter. Flex LNG is listed both on the New York Stock Exchange as well as Oslo Stock Exchange under the ticker FLNG.

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https://news.cision.com/flex-lng/r/flex-lng---mandatory-notification-of-trade-by-pdmr,c3963274

The following files are available for download:

https://mb.cision.com/Main/22886/3963274/2740358.pdf

Mandatory notification of trade - Appendix

 

View original content:https://www.prnewswire.com/news-releases/flex-lng---mandatory-notification-of-trade-by-pdmr-302119758.html

SOURCE Flex LNG

FAQ

What trade notifications did Flex LNG receive?

Flex LNG received trade notifications from CEO Øystein Kalleklev and CFO Knut Traaholt.

How many shares did Øystein Kalleklev sell?

Øystein Kalleklev sold 87,500 shares on the NYSE.

What was the average price per share for the sold shares?

The average price per share for the sold shares was USD 25.17.

How many shares did Knut Traaholt sell?

Knut Traaholt sold 42,000 shares on the NYSE.

How many shares does Øystein Kalleklev own after the sale?

After the sale, Øystein Kalleklev owns 50,000 common shares.

How many share options does Øystein Kalleklev have in the Company?

Øystein Kalleklev has 100,000 share options in the Company.

How many share options does Knut Traaholt have in the Company?

Knut Traaholt has 48,000 share options in the Company.