Flex LNG - Key information relating to the cash distribution for the fourth quarter 2024
Rhea-AI Summary
Flex LNG has announced its cash distribution details for the fourth quarter 2024, with a payment of $0.75 per share. The distribution will be made from the Company's Contributed Surplus Account. Due to the NYSE transitioning to T+1 settlement from May 28, 2024, while OSE maintains T+2, there are different key dates for shareholders on each exchange.
For NYSE shareholders, the ex-date and record date are February 20, 2025, with payment scheduled for March 5, 2025. For OSE shareholders, the ex-date is February 19, 2025, record date February 20, 2025, with payment in NOK scheduled for March 10, 2025. The distribution was approved on February 3, 2025.
Positive
- Consistent quarterly dividend payment of $0.75 per share maintained
- Company has sufficient surplus to support dividend distribution
Negative
- None.
News Market Reaction
On the day this news was published, FLNG gained 1.21%, reflecting a mild 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: February 19, 2025
Ex-date: February 20, 2025
Record date: February 20, 2025
Payment date: March 5, 2025
Date of approval: February 3, 2025
OSE shareholders with shares registered in Euronext Securities Oslo:
Distribution amount:
Declared currency: USD to be distributed in NOK
Last day including right: February 18, 2025
Ex-date: February 19, 2025
Record date: February 20, 2025
Payment date: March 10, 2025
Date of approval: February 3, 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 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.
This information was brought to you by Cision http://news.cision.com
View original content:https://www.prnewswire.com/news-releases/flex-lng--key-information-relating-to-the-cash-distribution-for-the-fourth-quarter-2024-302367110.html
SOURCE Flex LNG
FAQ
What is the Q4 2024 dividend amount for Flex LNG (FLNG) shareholders?
When is the dividend payment date for FLNG NYSE shareholders?
When is the dividend payment date for FLNG OSE shareholders?
What is the record date for Flex LNG's Q4 2024 dividend?
How will the NYSE T+1 settlement change affect FLNG dividend distributions?
