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

Flex LNG announced key dates for its Q1 2025 cash distribution to shareholders listed on both the NYSE and the Oslo Stock Exchange (OSE). The distribution, declared in USD but paid in NOK for OSE shareholders, will have different last day including right, ex-date, record date, and payment date schedules between the two exchanges, potentially restricting share movement between them during the interim period. Investors are advised to contact their financial intermediaries for specific payment timing details.

Analysis

Flex LNG (FLNG) has officially detailed the key dates and mechanics for its Q1 2025 cash distribution, highlighting operational distinctions for its dual-listed shares on the New York Stock Exchange (NYSE) and the Oslo Stock Exchange (OSE). A critical aspect for investors is the staggered timeline, with different last day including right, ex-date, record date, and payment dates for each exchange. This divergence may temporarily restrict the transferability of shares between the NYSE and OSE during the interim period. The distribution is declared in USD; however, OSE shareholders registered with Euronext Securities Oslo will receive their payment in NOK, introducing a currency conversion element. These procedural arrangements, communicated with a neutral sentiment and anticipated low market impact, are standard for capital returns by Flex LNG, a company operating a modern fleet of thirteen fuel-efficient LNG carriers focused on the liquefied natural gas shipping market. Investors are explicitly advised to consult their financial intermediaries for precise payment timing details, underscoring the administrative complexities involved.

Key Decisions for Investors

• Investors holding FLNG shares should meticulously verify the specific ex-dates and record dates pertinent to their respective exchange (NYSE or OSE) to confirm eligibility for the Q1 2025 cash distribution and understand the currency of payment.
• Shareholders considering moving FLNG shares between the NYSE and OSE should be mindful of potential trading restrictions during the interim period due to the differing distribution schedules and plan any transactions accordingly.
• It is prudent for investors to contact their bank, broker, or other financial intermediary to clarify the precise timing of the cash distribution payment and any exchange-specific procedures.