Flex LNG - Key information relating to the cash distribution for the third quarter 2024
Rhea-AI Summary
Flex LNG has announced a cash distribution of $0.75 for the third quarter 2024, to be paid from the Company's Contributed Surplus Account. Due to the NYSE settlement cycle changing from T+2 to T+1 from May 28, 2024, while OSE maintains T+2, there will be different distribution dates for NYSE and OSE shareholders. NYSE shareholders' payment is scheduled for December 11, 2024, while OSE shareholders will receive payment around December 16, 2024. The company operates thirteen LNG carriers with modern two-stroke propulsion systems, offering improved fuel efficiency compared to older vessels.
Positive
- Quarterly cash distribution of $0.75 per share maintained
- Fleet of 13 modern LNG carriers with efficient propulsion systems
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, FLNG gained 3.72%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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:
Declared currency: USD
Last day including right: November 26, 2024
Ex-date: November 27, 2024
Record date: November 27, 2024
Payment date: On or about December 11, 2024
Date of approval: November 11, 2024
OSE shareholders with shares registered in Euronext Securities Oslo:
Distribution amount:
Declared currency: USD to be distributed in NOK
Last day including right: November 25, 2024
Ex-date: November 26, 2024
Record date: November 27, 2024
Payment date: On or about December 16, 2024
Date of approval: November 11, 2024
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 AS
Telephone: +47 23 11 40 00
Email: IR@flexlng.com
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.
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SOURCE Flex LNG
FAQ
What is Flex LNG's (FLNG) dividend payment for Q3 2024?
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