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Flex LNG authorizes $15mln share buyback, DNB Markets to repurchase shares on OSE and NYSE.
ByAinvest
Wednesday, Aug 20, 2025 1:20 am ET1min read
Flex LNG has authorized a share buyback program to repurchase up to $15 million of its outstanding shares. The program allows for open market transactions on the Oslo Stock Exchange and the New York Stock Exchange. The company has put in place an agreement with DNB Markets and DNB Carnegie for the repurchase of shares in accordance with relevant regulations.
Flex LNG Ltd. has authorized a share buyback program to repurchase up to $15 million of its outstanding shares. The program, which commences on August 20, 2025, and continues through November 27, 2025, allows for open market transactions on both the Oslo Stock Exchange (OSE) and the New York Stock Exchange (NYSE). The company has put in place an agreement with DNB Markets, Inc. and DNB Carnegie, a part of DNB Bank ASA, for the repurchase of shares in accordance with relevant regulations.The share buyback program is subject to a maximum limit of 900,000 shares. The actual timing, number, and value of shares repurchased will depend on several factors, including market conditions, price, and alternative investment opportunities. Flex LNG reserves the right to make subsequent changes to the program, including shortening, extending, or replacing it.
The shares purchased under the program will be held as treasury shares. The amount utilized for the share buyback program will be treated independently from future dividend consideration, which remains at the discretion of the Board of Directors in accordance with the company's dividend policy.
For further information, please 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.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.
References:
[1] https://www.prnewswire.com/news-releases/flex-lng--launch-of-share-buyback-program-302534338.html
[2] https://www.marketscreener.com/news/flex-lng-launch-of-share-buyback-program-ce7c51ddd08bfe20
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