StockNews.AI
FLNG
StockNews.AI
90 days

Flex LNG - Key information relating to the cash distribution for the first quarter 2025

1. Flex LNG announces $0.75 cash distribution for Q1 2025. 2. Payment will differ for NYSE and OSE shareholders due to settlement cycles. 3. New T+1 settlement cycle begins May 28, 2024, for NYSE. 4. 11 LNG carriers with improved fuel efficiency and reduced carbon footprint. 5. Flex LNG is positioned strongly in the growing LNG market.

5m saved
Insight
Article

FAQ

Why Bullish?

The announced cash distribution indicates stable earnings and investor returns, highlighting company strength.

How important is it?

The cash distribution signals strong operational health and attractive shareholder returns, likely boosting investor interest.

Why Short Term?

The scheduled payout and adherence to a new settlement cycle may influence immediate market reactions.

Related Companies

, /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. (the "Company") for the first quarter 2025. The distribution will be made from the Company's Contributed Surplus Account. Please note that from May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange ("NYSE") will be shortened from T+2 to T+1 (of which T equals trading date), while the Oslo Stock Exchange ("OSE") will continue to settle its trades on a T+2 basis. As a result, there will be different dates between the two stock exchanges, as set out below. During these interim days, investors may be restricted to move shares between NYSE and OSE. NYSE shareholders: Distribution amount: $0.75 Declared currency: USD Last day including right: June 5, 2025 Ex-date: June 6, 2025 Record date: June 6, 2025 Payment date: June 20, 2025 Date of approval: May 20, 2025 *** OSE shareholders with shares registered in Euronext Securities Oslo: Distribution amount: $0.75 Declared currency: USD to be distributed in NOK Last day including right: June 4, 2025 Ex-date: June 5, 2025 Record date: June 6, 2025 Payment date: June 25, 2025 Date of approval: May 20, 2025 For further questions regarding the timing of payments, please contact your bank, broker, nominee, or other financial intermediary. For more info please contact: Knut Traaholt, Chief Financial Officer of Flex LNG Management ASTelephone: +47 23 11 40 00Email: [email protected]  About Flex LNG Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG carriers on the water and all of our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offer significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. Flex LNG is listed on the New York Stock Exchange as well as Oslo Stock Exchange under the ticker FLNG. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This information was brought to you by Cision http://news.cision.com https://news.cision.com/flex-lng/r/flex-lng---key-information-relating-to-the-cash-distribution-for-the-first-quarter-2025,c4153178 SOURCE Flex LNG WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

Related News