Flex LNG Initiates $15M Share Buyback Program Amid Strong Financial Performance

Flex LNG has announced a $15 million share buyback program, allowing the repurchase of up to $15 million of its outstanding shares until November 27, 2025. This initiative is part of the company's strategic financial management and may impact shareholder value and market perception. The company operates in the liquefied natural gas shipping industry and serves major trading routes globally.

Flex LNG Ltd. has announced a $15 million share buyback program, allowing the repurchase of up to $15 million of its outstanding shares until November 27, 2025. This initiative is part of the company's strategic financial management and may impact shareholder value and market perception. The company operates in the liquefied natural gas shipping industry and serves major trading routes globally.

The share buyback program was authorized by the Board of Directors and will commence on August 20, 2025. Flex LNG has entered into an agreement with DNB Markets, Inc. and DNB Carnegie, a part of DNB Bank ASA, to facilitate the repurchase of shares on the Oslo Stock Exchange (OSE) and the New York Stock Exchange (NYSE). The repurchases on the OSE will comply with the Market Abuse Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052, while those on the NYSE will adhere to U.S. securities laws and regulations, including Rule 10b-18 [1].

The share buyback program is designed to enhance shareholder value by reducing the number of outstanding shares and potentially increasing the value of remaining shares. The actual timing, number, and value of shares repurchased will depend on various factors, including market conditions, price, and alternative investment opportunities. The shares purchased will be held as treasury shares [1].

This initiative is part of Flex LNG's broader strategy to optimize its capital structure and reward shareholders. In Q2 2025, the company implemented a balance sheet optimization program that included debt maturity extensions and cost reductions, aligning its liabilities with its 56-85 year contract backlogs. Additionally, Flex LNG has maintained a consistent dividend policy, with a quarterly dividend of $0.75 per share, and has announced a $15 million share buyback program to further drive long-term value creation [2].

The share buyback program is subject to several conditions, including compliance with market regulations and the availability of funds. Flex LNG reserves the right to make subsequent changes to the program, including shortening, extending, or replacing it. The amount utilized for the share buyback program will be treated independently from future dividend consideration [1].

For further information, interested parties can contact Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS, at +47 23 11 40 00 or via email at ir@flexlng.com [1].

References:
[1] https://www.marketscreener.com/news/flex-lng-launch-of-share-buyback-program-ce7c51ddd08bfe20
[2] https://www.ainvest.com/news/flex-lng-strategic-financial-moves-shareholder-returns-q2-2025-blueprint-long-term-creation-2508/