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Flex LNG - Ex Date Q1 2025
Prnewswire· 2025-06-05 05:22
HAMILTON, Bermuda, June 5, 2025 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) traded on Oslo Stock Exchange ("OSE") and registered with Euronext Securities Oslo will trade ex dividend of USD 0.75 per share as of today, June 5, 2025. The dividend will be paid to shareholders on OSE on or about June 25, 2025.The shares traded on the New York Stock Exchange ("NYSE") will be traded ex dividend of USD 0.75 per share on June 6, 2025. The dividend will be paid to shareholders on NYSE on or about June ...
Flex LNG - Finalize $175 million lease financing for Flex Courageous
Prnewswire· 2025-06-02 05:16
Core Viewpoint - Flex LNG Ltd. has successfully completed a $175 million JOLCO lease financing for the vessel Flex Courageous, which will enhance its financial position by generating net proceeds of approximately $42 million and reducing the cost of debt by about 1.5% per annum [1][2]. Group 1: Financing Details - The refinancing of Flex Courageous is part of a broader Balance Sheet Optimization Program 3.0, which aims to refinance three vessels and has secured up to 37 years of combined contract backlog [2]. - The company plans to complete the refinancing of Flex Resolute and Flex Constellation in the second half of 2025, expecting to release an additional $120 million in net proceeds [3]. Group 2: Financial Position - As of the end of Q1-2025, Flex LNG reported a cash balance of $410 million, indicating a strong liquidity position supported by substantial charter backlog [4]. - The successful refinancing at attractive terms reflects the company's financial flexibility and the trust from banking partners and lease providers [4].
Flex LNG - Key information relating to the cash distribution for the first quarter 2025
Prnewswire· 2025-05-21 05:10
Company Information - Flex LNG Ltd. is a shipping company focused on the growing market for Liquefied Natural Gas (LNG) [4] - The company operates a fleet of thirteen state-of-the-art LNG carriers equipped with the latest generation two-stroke propulsion systems, which enhance fuel efficiency and reduce carbon footprint compared to older vessels [4] Cash Distribution Details - For the first quarter of 2025, Flex LNG will distribute $0.75 per share to shareholders [3] - The distribution will be made from the Company's Contributed Surplus Account [1] - The payment dates differ for NYSE and OSE shareholders: - NYSE: Payment date is June 20, 2025 [3] - OSE: Payment date is June 25, 2025 [3] - The last day including right for NYSE shareholders is June 5, 2025, and for OSE shareholders, it is June 4, 2025 [3] Settlement Cycle Changes - Starting May 28, 2024, the standard settlement cycle for transactions on the NYSE will change from T+2 to T+1, while the Oslo Stock Exchange will continue with T+2 [2] - This change may affect the timing of share movements between the two exchanges during the interim period [2]
Flex LNG - Invitation to the 2025 First Quarter Presentation
Prnewswire· 2025-05-07 05:30
HAMILTON, Bermuda, May 7, 2025 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the first quarter of 2025 on Wednesday May 21, 2025, on or about 07:00 CEST (1:00 a.m. EST).In connection with the earnings release, a live video webcast will be held at 15:00 CEST (9:00 a.m. EST) on the same day. In order to attend, use the following link to register and watch the webcast:Link to register and watch webcast We encourage listeners to register for the webc ...