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FLEX LNG Ltd (FLNG.OL)

FLNG.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Flex LNG - substantial shareholding disclosure
Wednesday, 8 Mar 2017 02:00am EST 

Flex LNG Ltd :Upon completion of share issues, Geveran will have a holding of 182,181,837 shares in Flex, equalling approximately 65.43 pct of shares and votes in company.  Full Article

FLEX LNG Q4 operating loss down at $52,000
Tuesday, 28 Feb 2017 02:00am EST 

Flex Lng Ltd : Q4 operating loss $52,000 versus loss $617,000 year ago .Q4 net loss $162,000 versus loss $681,000 year ago.  Full Article

PE distributes shares of Flex to shareholders
Monday, 20 Feb 2017 02:13am EST 

Flex LNG Ltd : Polygon (PE) Holdings Limited has on Feb. 17 distributed its holding of 13,526,588 shares in Flex LNG Ltd. (Flex) to its shareholders, Polygon European Equity Opportunity Master Fund and Blackwell Partners LLC .Following transactions, entities controlled by Polygon Global Partners LLP, including PE, own 0 shares in FLEX LNG.  Full Article

Flex LNG private placement over-subscribed
Friday, 17 Feb 2017 02:18am EST 

Flex LNG Ltd. : Says $100 million private placement successfully placed . Private placement was successfully placed, raising gross proceeds of 833 million Norwegian crowns (about $100 million) at subscription price of 11.50 crowns per share .Says private placement received strong interest from large institutional investors and was significantly over-subscribed.  Full Article

Flex LNG to carry out subsequent offering of up to 7.2 million shares
Friday, 17 Feb 2017 02:02am EST 

Flex Lng Ltd : Decision to carry out subsequent offering of up to 7.2 million new shares for gross proceeds of up to 83 million Norwegian crowns ($10 million) .Subscription price in subsequent offering is 11.50 crowns per offer share.  Full Article

FLEX LNG: contemplated acquisition of two high-end MEGI LNGC newbuilds
Thursday, 16 Feb 2017 10:35am EST 

FLEX LNG Ltd : Announcement of contemplated acquisition of two high-end MEGI LNGC newbuilds and Private Placement . Contemplating to enter into transaction for acquisition of shipbuilding contracts for two high-end MEGI LNGC newbuilds at Daewoo Shipbuilding and Marine Engineering Co. Ltd. . Scheduled delivery in Q1 2018 . In addition is contemplating $100 million offering of new shares against cash payment . If completed, offering implies issue of about 147 million - 150 million new shares in total . Subscription price in offering will be set through accelerated book-building process in private placement within range of 11.50-12.00 Norwegian crowns per New Share (equaling $1.38-$1.44 at a USDNOK exchange rate of 8.33) .Net proceeds from private placement will be used for debt repayment under RCF (at company's full discretion), working capital and general corporate purposes.  Full Article

flex LNG Q2 operating loss narrows to $598,000
Friday, 26 Aug 2016 02:00am EDT 

Flex Lng Ltd L : Q2 operating loss $598,000 versus loss $696,000 year ago . Q2 pre-tax loss $661,000 versus loss $750,000 year ago .Is pleased to announce the appointment of Mr. Jonathan Cook as Chief Executive Officer.  Full Article

Polygon Global Partners buys 7 pct of shares and votes of Flex LNG
Wednesday, 13 Jul 2016 02:25am EDT 

FLEX LNG Ltd : Polygon European Equity Opportunity Master Fund, a Cayman fund managed by Polygon Global Partners LLP, has purchased 7.037 pct of shares and votes of Flex LNG . Blackwell Partners LLC through an account managed by Polygon Global Partners LLP, has purchased 3.538 percent shares in Flex LNG .After transactions funds and accounts managed by Polygon Global Partners LLP hold 10.6 percent of shares and votes in Flex LNG.  Full Article

FLEX LNG: Jostein Ueland resigns from position as CFO
Tuesday, 14 Jun 2016 07:00am EDT 

FLEX LNG Ltd : Jostein Ueland and Trym Tveitnes resigned from positions as Chief Financial Officer and Chief Technical Officer respectively .Both Ueland and Tveitnes have agreed to support company in this transitional phase and will remain in their positions until Sept. 30, 2016.  Full Article

FLEX LNG Q1 operating loss down at $360,000
Friday, 27 May 2016 02:00am EDT 

FLEX LNG Ltd : Q1 operating loss $360,000 versus loss $487,000 year ago . Q1 net loss $420,000 versus loss $549,000 year ago . Is nearing completion of plan approval for two LNG carriers and will commence steel cutting in H2 2016 . Expects amended loan will cover group’s working capital costs until delivery of vessels under construction in 2018 .Will need to raise additional funds, to fund the final instalments, which are due on delivery.  Full Article

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