FLEX - 2025 AGM Results Notification
FLEX LNG (FLNG) held its 2025 Annual General Meeting on May 8, 2025, in Hamilton, Bermuda, where several key resolutions were passed. The company set a maximum of eight Directors and approved Board re-elections for Ola Lorentzon, Nikolai Grigoriev, Steen Jakobsen, and Susan Sakmar, while Mikkel Storm Weum was newly elected. Notably, shareholders approved the delisting of the company's common shares from the Oslo Stock Exchange. Other approved resolutions included the re-appointment of Ernst & Young AS as auditor and a Board remuneration cap of US$500,000 for the year ending December 31, 2025.
FLEX LNG (FLNG) ha tenuto la sua Assemblea Generale Annuale 2025 l'8 maggio 2025 a Hamilton, Bermuda, durante la quale sono state approvate diverse risoluzioni importanti. La società ha stabilito un massimo di otto Amministratori e ha approvato la rielezione in Consiglio per Ola Lorentzon, Nikolai Grigoriev, Steen Jakobsen e Susan Sakmar, mentre Mikkel Storm Weum è stato eletto per la prima volta. In particolare, gli azionisti hanno approvato la cancellazione delle azioni ordinarie della società dalla Borsa di Oslo. Tra le altre risoluzioni approvate vi sono la riconferma di Ernst & Young AS come revisore e un tetto alle remunerazioni del Consiglio di 500.000 dollari USA per l'esercizio che termina il 31 dicembre 2025.
FLEX LNG (FLNG) celebró su Junta General Anual 2025 el 8 de mayo de 2025 en Hamilton, Bermudas, donde se aprobaron varias resoluciones clave. La compañía estableció un máximo de ocho Directores y aprobó la reelección en la Junta para Ola Lorentzon, Nikolai Grigoriev, Steen Jakobsen y Susan Sakmar, mientras que Mikkel Storm Weum fue elegido por primera vez. Destaca que los accionistas aprobaron la exclusión de las acciones ordinarias de la compañía de la Bolsa de Valores de Oslo. Otras resoluciones aprobadas incluyeron la reelección de Ernst & Young AS como auditor y un límite en la remuneración del Consejo de 500.000 dólares estadounidenses para el año que finaliza el 31 de diciembre de 2025.
FLEX LNG (FLNG)는 2025년 5월 8일 버뮤다 해밀턴에서 2025년 연례 총회를 개최했으며, 여러 주요 결의안이 통과되었습니다. 회사는 이사 최대 인원을 8명으로 설정하고 Ola Lorentzon, Nikolai Grigoriev, Steen Jakobsen, Susan Sakmar의 이사회 재선임을 승인했으며, Mikkel Storm Weum은 신임 이사로 선출되었습니다. 특히 주주들은 회사의 보통주를 오슬로 증권거래소에서 상장 폐지하는 안건을 승인했습니다. 그 밖에 Ernst & Young AS의 감사 재선임과 2025년 12월 31일 종료되는 회계연도에 대한 이사회 보수 상한액 미화 50만 달러도 승인되었습니다.
FLEX LNG (FLNG) a tenu son Assemblée Générale Annuelle 2025 le 8 mai 2025 à Hamilton, Bermudes, où plusieurs résolutions clés ont été adoptées. La société a fixé un maximum de huit administrateurs et a approuvé la réélection au conseil d'administration d'Ola Lorentzon, Nikolai Grigoriev, Steen Jakobsen et Susan Sakmar, tandis que Mikkel Storm Weum a été nouvellement élu. Notamment, les actionnaires ont approuvé la radiation des actions ordinaires de la société de la Bourse d'Oslo. Parmi les autres résolutions adoptées figuraient la reconduction de Ernst & Young AS en tant qu'auditeur et un plafond de rémunération du conseil d'administration de 500 000 dollars US pour l'exercice se terminant le 31 décembre 2025.
FLEX LNG (FLNG) hielt am 8. Mai 2025 in Hamilton, Bermuda, seine ordentliche Hauptversammlung 2025 ab, bei der mehrere wichtige Beschlüsse gefasst wurden. Das Unternehmen legte eine maximale Anzahl von acht Direktoren fest und genehmigte die Wiederwahl von Ola Lorentzon, Nikolai Grigoriev, Steen Jakobsen und Susan Sakmar in den Vorstand, während Mikkel Storm Weum neu gewählt wurde. Bemerkenswert ist, dass die Aktionäre die Delistung der Stammaktien des Unternehmens an der Osloer Börse genehmigten. Weitere beschlossene Resolutionen waren die Wiederbestellung von Ernst & Young AS als Abschlussprüfer sowie eine Vergütungsobergrenze für den Vorstand in Höhe von 500.000 US-Dollar für das am 31. Dezember 2025 endende Geschäftsjahr.
- None.
- Planned delisting from Oslo Stock Exchange reduces trading venue options and could impact stock liquidity
Insights
FLEX LNG shareholders approved delisting from Oslo Stock Exchange, significantly impacting stock liquidity and trading dynamics for investors.
FLEX LNG's Annual General Meeting has produced a critical development that will substantially impact investor access to the company's shares. The most significant outcome is the approved delisting from the Oslo Stock Exchange, authorizing the Board to implement this major market change. This decision fundamentally alters how investors can trade FLEX LNG shares and typically signals a strategic shift in the company's capital markets approach.
The delisting process has several immediate implications for shareholders. First, it will reduce trading liquidity for existing investors who previously relied on the Oslo exchange. Second, it suggests the company is consolidating its listing venues, likely focusing on its NYSE listing (though the company maintains Bermuda incorporation). This streamlining approach often aims to reduce compliance costs and administrative overhead associated with maintaining dual listings.
Other routine but necessary governance matters were addressed, including setting the maximum board size at eight directors, re-electing four existing directors, electing one new director (Mikkel Storm Weum), reappointing Ernst & Young as auditor, and approving board compensation not exceeding
The delisting decision represents a fundamental shift in FLEX LNG's market accessibility and suggests management is pursuing a more focused capital markets strategy, which will significantly impact how investors can access and trade company shares going forward.
In addition, the following resolutions were passed:
- To set the maximum number of Directors to be not more than eight.
- To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit.
- To re-elect Ola Lorentzon as a Director of the Company.
- To re-elect Nikolai Grigoriev as a Director of the Company.
- To re-elect Steen Jakobsen as a Director of the Company.
- To re-elect Susan Sakmar as a Director of the Company.
- To elect Mikkel Storm Weum as a Director of the Company.
- To re-appoint Ernst & Young AS of
Oslo, Norway , as auditor and to authorize the Directors to determine their remuneration. - To approve remuneration of the Company's Board of Directors of a total amount of fees not to exceed
US for the year ended December 31, 2025.$500,000 - Reduction of share premium account.
- To approve the delisting of the Company's common shares from the Oslo Stock Exchange and to authorize the Board of Directors to take steps to implement the delisting including filing an application to the Oslo Stock Exchange on behalf of the Company.
8 May 2025
The Board of Directors
FLEX LNG LTD.
For further information, please contact:
Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
Email: ir@flexlng.com
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SOURCE Flex LNG
FAQ
What are the key resolutions passed at FLEX LNG's 2025 AGM?
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