Flex LNG Ltd. Authorizes Share Buyback Program Up to $15 Million

Strategic Insights -

Flex LNG Ltd. has announced that its Board of Directors has authorized a share buyback program, allowing the company to repurchase up to $15 million of its outstanding shares. The program, which commences on August 20, 2025, and continues through November 27, 2025, will be executed in open market transactions on the Oslo Stock Exchange and the New York Stock Exchange, adhering to relevant regulations and laws. The company reserves the right to modify the program's terms, including shortening, extending, or replacing it.

Key Takeaways:

  • The share buyback program is authorized to repurchase up to 900,000 shares, with a maximum value of $15 million, during the period from August 20, 2025, to November 27, 2025.
  • The program will be executed in accordance with the Market Abuse Regulation (EU) No 596/2014, Commission Delegated Regulation (EU) 2016/1052, and U.S. securities laws, including Rule 10b-18.
  • The shares repurchased will be held as treasury shares and will be treated independently from future dividend consideration.
  • The repurchase timing, number, and value will depend on factors such as price, general business and market conditions, and alternative investment opportunities.
  • The program's terms can be modified, including shortening, extending, or replacing it.
  • DNB Markets, Inc. and DNB Carnegie, a part of DNB Bank ASA, have been appointed to carry out the share buyback program.

Statistics:

  • Maximum shares to be repurchased: 900,000
  • Maximum value of shares to be repurchased: $15 million
  • Period of the share buyback program: August 20, 2025, to November 27, 2025
  • Exchanges where repurchases will occur: Oslo Stock Exchange and New York Stock Exchange
  • Relevant regulations: Market Abuse Regulation (EU) No 596/2014, Commission Delegated Regulation (EU) 2016/1052, and U.S. securities laws

Sources:

  • Flex LNG Ltd. press release
  • Market Abuse Regulation (EU) No 596/2014
  • Commission Delegated Regulation (EU) 2016/1052
  • U.S. Securities Exchange Act of 1934, as amended
  • Rule 10b-18 promulgated by the U.S. Securities and Exchange Commission
  • DNB Bank ASA
  • Oslo Stock Exchange (OSE)