6-K
Flex LNG Ltd. (FLNG)
| UNITED STATES |
|---|
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
| FORM 6-K |
| REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO |
| RULE 13A-16 OR 15D-16 UNDER THE SECURITIES |
| EXCHANGE ACT OF 1934 |
| For the month of April 2024 |
| Commission File Number: 001-38904 |
| FLEX LNG Ltd. |
| (Translation of registrant's name into English) |
| Par-La-Ville Place |
| 14 Par-La-Ville Road |
| Hamilton |
| Bermuda |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F | ☒ | Form 40-F | ☐ |
|---|
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached hereto as Exhibit99.1 and Exhibit99.2 are the mandatory notification of trades with respect to shares by persons discharging managerial responsibilities. This notification has been publicly disclosed in accordance with Article 19 of the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading Act.
This Report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-268367) that was declared effective December 7, 2022 and the Company's Registration Statement on Form F-3 (registration No. 333-259962) that was declared effective October 14, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| FLEX LNG Ltd.<br><br>(registrant) | |
|---|---|
| By: | /s/ Oystein Kalleklev |
| Name: Oystein Kalleklev | |
| Title: Chief Executive Officer of Flex LNG Management AS<br><br>(Principal Executive Officer of FLEX LNG Ltd.) |
Date: April 23, 2024
Document
Exhibit 99.1
Flex LNG - Mandatory notification of trade by PDMR
Hamilton, Bermuda
April 17, 2024
Flex LNG Ltd. (the "Company") has received trade notifications from the following persons discharging managerial responsibilities ("PDMR"):
Øystein Kalleklev, CEO of Flex LNG Management AS, has in the period April 15th and April 16th, 2024 exercised 87,500 options and subsequently sold 87,500 shares on New York Stock Exchange for an average price of USD 25.17 per share. Following the sale, Mr. Kalleklev owns 50,000 common shares and has 100,000 share options in the Company.
Knut Traaholt, CFO of Flex LNG Management AS, has in the period April 15th and April 16th, 2024 exercised 42,000 options and subsequently sold 42,000 shares on New York Stock Exchange for an average price of USD 25.17 per share. Following the sale, Mr. Traaholt has 48,000 share options in the Company.
Please find further details in the attached forms.
This notification has been publicly disclosed in accordance with Article 19 of the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading Act.
For questions, please contact:
Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
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. We have built up a significant contract backlog, having 11 of our 13 vessels on long term fixed rate charter contracts and one vessel on variable hire time charter. Flex LNG is listed both on the New York Stock Exchange as well as Oslo Stock Exchange under the ticker FLNG.
Document
Exhibit 99.2
| 1 | ||||
|---|---|---|---|---|
| a) | Knut Traaholt | |||
| 2 | ||||
| a) | Chief Financial Officer (CFO) | |||
| b) | Initial notification | |||
| 3 | ||||
| a) | Flex LNG Ltd | |||
| b) | 21380084THHU3MPC3647 | |||
| 4 | ||||
| a) | Share options linked to shares with ISIN BMG359472021 | |||
| b) | Exercise of options | |||
| c) | Price(s) | Volume(s) | ||
| 6.825 | ||||
| d) | A total of 42,000 options with a total exercise price of 286,650. | |||
| e) | 2024-04-15 | |||
| f) | XOFF - Outside of a trading venue |
All values are in US Dollars.
Exhibit 99.2
| 1 | ||||
|---|---|---|---|---|
| a) | Øystein Kalleklev | |||
| 2 | ||||
| a) | Chief Executive Officer (CEO) | |||
| b) | Initial notification | |||
| 3 | ||||
| a) | Flex LNG Ltd | |||
| b) | 21380084THHU3MPC3647 | |||
| 4 | ||||
| a) | Share options linked to shares with ISIN BMG359472021 | |||
| b) | Exercise of options | |||
| c) | Price(s) | Volume(s) | ||
| 6.825 | ||||
| d) | A total of 87,500 options with a total exercise price of 597,187.5. | |||
| e) | 2024-04-15 | |||
| f) | XOFF - Outside of a trading venue |
All values are in US Dollars.
Exhibit 99.2
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
|---|---|---|
| a) | Name | Øystein Kalleklev |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer (CEO) |
| b) | Initial notification/Amendment | Initial notification |
| 3 | Details of issuer | |
| a) | Name | Flex LNG Ltd |
| b) | LEI | 21380084THHU3MPC3647 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument<br><br>Identification code | Nature of instrument: shares<br><br>Instrument identification code (ISIN): BMG359472021 |
| b) | Nature of the transaction | Sale |
Exhibit 99.2
| c) | Price(s) and volume(s) | Price(s) in | Volume(s) | Place of transaction | ||
|---|---|---|---|---|---|---|
| 25.2197 | 1 668 | |||||
| 25.2382 | 370 | |||||
| 25.29 | 1 091 | |||||
| 25.32 | 1 606 | |||||
| 25.25 | 493 | |||||
| 25.275 | 3 | |||||
| 25.26 | 10 503 | |||||
| 25.13 | 68 | |||||
| 25.18 | 132 | |||||
| 25.27 | 3 034 | |||||
| 25.26 | 712 | |||||
| 25.38 | 941 | |||||
| 25.175 | 68 | |||||
| 25.22 | 1 619 | |||||
| 25.29 | 2 973 | |||||
| 25.12 | 62 | |||||
| 25.45 | 68 | |||||
| 25.21 | 322 | |||||
| 25.43 | 68 | |||||
| 25.25 | 405 | |||||
| 25.23 | 2 809 | |||||
| 25.27 | 541 | |||||
| 25.2 | 135 | |||||
| 25.29 | 1 081 | |||||
| 25.29 | 2 121 | |||||
| 25.35 | 338 | |||||
| 25.13 | 71 | |||||
| 25.31 | 135 | |||||
| 25.22 | 459 | |||||
| 25.23 | 3 007 | |||||
| 25.29 | 5 901 | |||||
| 25.2 | 1 | |||||
| d) | Aggregated information<br>—<br>Aggregated volume<br><br><br>—<br>Price | Total volume: 43,750 sharesTotal price: 1,105,492.50 | ||||
| e) | Date of the transaction | 2024-04-15 |
All values are in US Dollars.
Exhibit 99.2
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
|---|---|---|
| a) | Name | Knut Traaholt |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer (CFO) |
| b) | Initial notification/Amendment | Initial notification |
| 3 | Details of issuer | |
| a) | Name | Flex LNG Ltd |
| b) | LEI | 21380084THHU3MPC3647 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument<br><br>Identification code | Nature of instrument: shares<br><br>Instrument identification code (ISIN): BMG359472021 |
| b) | Nature of the transaction | Sale |
Exhibit 99.2
| c) | Price(s) and volume(s) | Price(s) in | Volume(s) | Place of transaction | ||
|---|---|---|---|---|---|---|
| 25.2197 | 801 | |||||
| 25.2382 | 177 | |||||
| 25.290 | 523 | |||||
| 25.320 | 771 | |||||
| 25.250 | 237 | |||||
| 25.275 | 2 | |||||
| 25.260 | 5 041 | |||||
| 25.130 | 32 | |||||
| 25.180 | 64 | |||||
| 25.270 | 1 456 | |||||
| 25.260 | 342 | |||||
| 25.380 | 451 | |||||
| 25.175 | 32 | |||||
| 25.220 | 777 | |||||
| 25.29 | 1 427 | |||||
| 25.12 | 30 | |||||
| 25.45 | 32 | |||||
| 25.21 | 154 | |||||
| 25.43 | 32 | |||||
| 25.31 | 454 | |||||
| 25.25 | 195 | |||||
| 25.23 | 1 349 | |||||
| 25.27 | 259 | |||||
| 25.20 | 65 | |||||
| 25.29 | 519 | |||||
| 25.29 | 1 018 | |||||
| 25.35 | 162 | |||||
| 25.13 | 34 | |||||
| 25.31 | 65 | |||||
| 25.22 | 221 | |||||
| 25.23 | 1 444 | |||||
| 25.29 | 2 833 | |||||
| d) | Aggregated information<br>—<br>Aggregated volume<br><br><br>—<br>Price | Total volume: 21,000 sharesTotal price: 530,636.40 | ||||
| e) | Date of the transaction | 2024-04-15 |
All values are in US Dollars.
Exhibit 99.2
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
|---|---|---|
| a) | Name | Øystein Kalleklev |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer (CEO) |
| b) | Name | Øystein Kalleklev |
| 3 | Details of issuer | |
| a) | Name | Flex LNG Ltd |
| b) | LEI | 21380084THHU3MPC3647 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument<br><br>Identification code | Nature of instrument: shares<br><br>Instrument identification code (ISIN): BMG359472021 |
| b) | Nature of the transaction | Sale |
Exhibit 99.2
| c) | Price(s) and volume(s) | Price(s) in | Volume(s) | Place of transaction | ||
|---|---|---|---|---|---|---|
| 25.0782 | 1 669 | |||||
| 25.04 | 675 | |||||
| 25.1156 | 409 | |||||
| 25.0751 | 746 | |||||
| 25.0707 | 1 290 | |||||
| 25.01 | 135 | |||||
| 25.1325 | 945 | |||||
| 25.02 | 135 | |||||
| 25.0719 | 2 468 | |||||
| 25.0889 | 1 461 | |||||
| 25.01 | 135 | |||||
| 25.02 | 338 | |||||
| 25.09120 | 196 | |||||
| 25.1387 | 4 656 | |||||
| 25.0968 | 5 965 | |||||
| 25.1507 | 473 | |||||
| 25.0575 | 540 | |||||
| 25.15 | 135 | |||||
| 25.0106 | 143 | |||||
| 25.0377 | 2 219 | |||||
| 25.0649 | 2 039 | |||||
| 25.0496 | 945 | |||||
| 25.0787 | 5 297 | |||||
| 25.0233 | 405 | |||||
| 25.0677 | 4 778 | |||||
| 25.08 | 338 | |||||
| 25 | 68 | |||||
| 25.0473 | 2 448 | |||||
| 25.0653 | 2 658 |
All values are in US Dollars.
Exhibit 99.2
| d) | Aggregated information<br>—<br>Aggregated volume<br><br><br>—<br>Price | Total volume: 43,750 shares<br><br>Total price: USD 1,097,245.63 |
|---|---|---|
| e) | Date of the transaction | 2024-04-16 |
Exhibit 99.2
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
|---|---|---|
| a) | Name | Knut Traaholt |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer (CFO) |
| b) | Initial notification/Amendment | Initial notification |
| 3 | Details of issuer | |
| a) | Name | Flex LNG Ltd |
| b) | LEI | 21380084THHU3MPC3647 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument<br><br>Identification code | Nature of instrument: shares<br><br>Instrument identification code (ISIN): BMG359472021 |
| b) | Nature of the transaction | Sale |
Exhibit 99.2
| c) | Price(s) and volume(s) | Price(s) in | Volume(s) | Place of transaction | ||
|---|---|---|---|---|---|---|
| 25.0782 | 804 | |||||
| 25.04 | 325 | |||||
| 25.1156 | 197 | |||||
| 25.0751 | 359 | |||||
| 25.0707 | 621 | |||||
| 25.01 | 65 | |||||
| 25.1325 | 455 | |||||
| 25.02 | 65 | |||||
| 25.0719 | 1 188 | |||||
| 25.0889 | 704 | |||||
| 25.01 | 65 | |||||
| 25.02 | 162 | |||||
| 25.0912 | 94 | |||||
| 25.1387 | 2 242 | |||||
| 25.0968 | 2 872 | |||||
| 25.1507 | 227 | |||||
| 25.0575 | 260 | |||||
| 25.15 | 65 | |||||
| 25.0106 | 69 | |||||
| 25.03770 | 1 068 | |||||
| 25.0649 | 982 | |||||
| 25.0496 | 455 | |||||
| 25.0787 | 2 550 | |||||
| 25.0233 | 195 | |||||
| 25.0677 | 2 300 | |||||
| 25.08 | 162 | |||||
| 25 | 32 | |||||
| 25.0473 | 1 178 | |||||
| 25.0653 | 1 280 |
All values are in US Dollars.
Exhibit 99.2
| d) | Aggregated information<br>—<br>Aggregated volume<br><br><br>—<br>Price | Total volume: 21,000 shares<br><br>Total price: USD 526,677.90 |
|---|---|---|
| e) | Date of the transaction | 2024-04-16 |