Flex LNG Announces $15 Million Equity Buyback for 900,000 Shares

Flex LNG Ltd. has announced a share repurchase program to buy back up to 900,000 shares for $15 million. The program will end on November 27, 2025, and the purchased shares will be held as treasury shares. This move aims to reduce the number of outstanding shares and potentially boost the company's stock price.

Flex LNG Ltd. has announced a share repurchase program, aiming to buy back up to 900,000 shares for a maximum of $15 million. The program, authorized by the company's Board of Directors, will commence on August 20, 2025, and conclude on November 27, 2025 [1]. The shares acquired will be held as treasury shares.

The repurchase program is designed to reduce the number of outstanding shares, potentially boosting the company's stock price. Flex LNG has entered into an agreement with DNB Markets, Inc. and DNB Carnegie, a part of DNB Bank ASA, to facilitate the repurchases on the Oslo Stock Exchange (OSE) and the New York Stock Exchange (NYSE). The transactions will comply with relevant securities laws and regulations in both jurisdictions [1].

The actual timing, number, and value of shares repurchased will depend on various factors, including market conditions, price, and alternative investment opportunities. The company reserves the right to modify the program, including shortening, extending, or replacing it [1]. The funds allocated for the share buyback program will be treated independently from future dividend considerations, which remain at the discretion of the Board of Directors [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.prnewswire.com/news-releases/flex-lng--launch-of-share-buyback-program-302534338.html