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 September 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 Exhibit 99.1 is a press release of FLEX LNG Ltd. (the “Company”), dated September 20, 2024, announcing that the Company has received 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.
Attached hereto as Exhibit 99.2 are the details regarding the mandatory notification of trades with respect to shares by persons discharging managerial responsibilities.
The information contained in Exhibit 99.1 and the information contained in Exhibit 99.2, excluding the commentary of Ola Lorenzton, attached to 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) with an effective date of December 7, 2022, the Company's Registration Statement on Form F-3 (File No. 333-259962) with an effective date of October 14, 2021 and the Company’s Registration Statement on Form S-8 (File No. 333-275460) with an effective date of November 9, 2023.
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> <br>(registrant) | |
|---|---|
| By: | /s/ Oystein Kalleklev |
| Name: Oystein Kalleklev | |
| Title: Chief Executive Officer of Flex LNG Management AS<br><br> <br>(Principal Executive Officer of FLEX LNG Ltd.) |
Date: September 23, 2024
Exhibit 99.1
Flex LNG - Mandatory notification of trade by PDMR
Hamilton, Bermuda
September 20, 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 September 18^th^ and September 19^th^, 2024 exercised 100,000 options and subsequently sold 100,000 shares on New York Stock Exchange for an average price of approx. USD 26.65 per share. Following the sale, Mr. Kalleklev owns 50,000 common shares.
Knut Traaholt, CFO of Flex LNG Management AS, has in the period September 18^th^ and September 19^th^, 2024 exercised 48,000 options and subsequently sold 48,000 shares on New York Stock Exchange for an average price of approx. USD 26.65 per share.
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: [email protected]
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<br><br> <br>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;<br><br> <br> <br>(iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial<br><br> <br>instrument, type of<br><br> <br>instrument<br><br> <br>Identification code | Share options linked to shares with ISIN BMG359472021 |
| b) | Nature of the transaction | Exercise of options |
| c) | Price(s) and volume(s) | Price(s) |
| 6.925 | ||
| d) | Aggregated information<br><br> <br>— Aggregated volume<br><br> <br>— Price | A total of 100,000 options with a total exercise price of 692,500. |
| e) | Date of the transaction | 2024-09-18 |
| f) | Place of the transaction | XOFF - Outside of a trading venue |
All values are in US Dollars.
1
| 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<br><br> <br>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;<br><br> <br> <br>(iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial<br><br> <br>instrument, type of<br><br> <br>instrument<br><br> <br>Identification code | Share options linked to shares with ISIN BMG359472021 |
| b) | Nature of the transaction | Exercise of options |
| c) | Price(s) and volume(s) | Price(s) |
| 6.925 | ||
| d) | Aggregated information<br><br> <br>— Aggregated volume<br><br> <br>— Price | A total of 48,000 options with a total exercise price of 332,400. |
| e) | Date of the transaction | 2024-09-18 |
| f) | Place of the transaction | XOFF - Outside of a trading venue |
All values are in US Dollars.
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;<br><br> <br> <br>(iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial<br><br> <br>instrument, type of<br><br> <br>instrument<br><br> <br>Identification code | Nature of instrument: shares<br><br> <br>Instrument identification code (ISIN): BMG359472021 | |||
| b) | Nature of the transaction | Sale | |||
| c) | Price(s) and volume(s) | Price(s)^1^ | Volume(s) | Place of transaction | Date of the transaction |
| 26.4812 | 2,128 | ARCX | 2024-09-18 | ||
| 26.4733 | 360 | BAML | 2024-09-18 | ||
| 26.4700 | 1025 | BARX | 2024-09-18 | ||
| 26.4821 | 2,019 | BATS | 2024-09-18 | ||
| 26.5532 | 6,116 | CDED | 2024-09-18 | ||
| 26.5075 | 200 | CGXS | 2024-09-18 | ||
| 26.4771 | 2,197 | EDGX | 2024-09-18 | ||
| 26.4471 | 374 | EPRL | 2024-09-18 | ||
| 26.4799 | 1,496 | HRTX | 2024-09-18 | ||
| 26.4854 | 733 | ICBX | 2024-09-18 | ||
| 26.4611 | 548 | IEXG | 2024-09-18 | ||
| 26.4795 | 941 | INCR | 2024-09-18 | ||
| 26.4161 | 109 | ITGI | 2024-09-18 | ||
| 26.4598 | 402 | JSJX | 2024-09-18 | ||
| 26.5195 | 3,395 | KNLI | 2024-09-18 | ||
| 26.4621 | 350 | LEVL | 2024-09-18 | ||
| 26.4826 | 1,145 | MEMX | 2024-09-18 | ||
| 26.4000 | 100 | MSPL | 2024-09-18 | ||
| 26.4105 | 101 | ONEC | 2024-09-18 | ||
| 26.4549 | 991 | SGMT | 2024-09-18 | ||
| 26.5200 | 1,839 | SOHO | 2024-09-18 | ||
| 26.5288 | 3,194 | UBSA | 2024-09-18 |
3
| 26.4050 | VFMI | 2024-09-18 | ||
|---|---|---|---|---|
| 26.5085 | XNAS | 2024-09-18 | ||
| 26.5696 | XNYS | 2024-09-18 | ||
| 26.7898 | ARCX | 2024-09-19 | ||
| 26.7760 | BAML | 2024-09-19 | ||
| 26.7862 | BARX | 2024-09-19 | ||
| 26.7946 | BATS | 2024-09-19 | ||
| 26.7717 | CDED | 2024-09-19 | ||
| 26.7076 | EDGA | 2024-09-19 | ||
| 26.8177 | EDGX | 2024-09-19 | ||
| 26.7740 | EPRL | 2024-09-19 | ||
| 26.7981 | HRTX | 2024-09-19 | ||
| 26.8061 | IEXG | 2024-09-19 | ||
| 26.7966 | INCR | 2024-09-19 | ||
| 26.7700 | ITGI | 2024-09-19 | ||
| 26.8149 | JPMX | 2024-09-19 | ||
| 26.7603 | KNLI | 2024-09-19 | ||
| 26.8059 | LEVL | 2024-09-19 | ||
| 26.8084 | MEMX | 2024-09-19 | ||
| 26.7937 | SGMT | 2024-09-19 | ||
| 26.7457 | SOHO | 2024-09-19 | ||
| 26.7972 | UBSA | 2024-09-19 | ||
| 26.8118 | XNAS | 2024-09-19 | ||
| 26.7998 | XNYS | 2024-09-19 | ||
| 26.8600 | XPXS | 2024-09-19 | ||
| 1Average price of the transactions made on the relevant market place. | ||||
| d) | Aggregated information<br><br> <br>— Aggregated volume<br><br> <br>— Price | Total volume: 100,000<br> <br> Total price: 2,664,866.90 |
All values are in US Dollars.
4
| 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<br><br> <br>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;<br><br> <br> <br>(iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial<br><br> <br>instrument, type of<br><br> <br>instrument<br><br> <br>Identification code | Nature of instrument: shares<br><br> <br>Instrument identification code (ISIN): BMG359472021 | |||
| b) | Nature of the transaction | Sale | |||
| c) | Price(s) and volume(s) | Price(s)^1^ | Volume(s) | Place of transaction | Date of the transaction |
| 26.5422 | 1,532 | ARCX | 2024-09-18 | ||
| 26.6000 | 100 | BAML | 2024-09-18 | ||
| 26.4509 | 275 | BARX | 2024-09-18 | ||
| 26.5080 | 1312 | BATS | 2024-09-18 | ||
| 26.5526 | 2,884 | CDED | 2024-09-18 | ||
| 26.5307 | 740 | EDGX | 2024-09-18 | ||
| 26.4833 | 1,200 | EPRL | 2024-09-18 | ||
| 26.4579 | 475 | HRTX | 2024-09-18 | ||
| 26.4100 | 200 | ICBX | 2024-09-18 | ||
| 26.4663 | 410 | IEXG | 2024-09-18 | ||
| 26.4880 | 702 | INCR | 2024-09-18 | ||
| 26.5733 | 15 | JPMX | 2024-09-18 | ||
| 25.5300 | 2,900 | KNLI | 2024-09-18 | ||
| 26.4833 | 225 | LEVL | 2024-09-18 | ||
| 26.4793 | 1,772 | MEMX | 2024-09-18 | ||
| 26.5500 | 409 | SGMT | 2024-09-18 | ||
| 26.5204 | 754 | SOHO | 2024-09-18 | ||
| 26.4767 | 412 | UBSA | 2024-09-18 | ||
| 26.6000 | 100 | VFMI | 2024-09-18 | ||
| 26.4857 | 604 | XNAS | 2024-09-18 | ||
| 26.5534 | 9,379 | XNYS | 2024-09-18 |
5
| 26.7895 | ARCX | 2024-09-19 | ||
|---|---|---|---|---|
| 26.7759 | BAML | 2024-09-19 | ||
| 26.7869 | BARX | 2024-09-19 | ||
| 26.7948 | BATS | 2024-09-19 | ||
| 26.7717 | CDED | 2024-09-19 | ||
| 28.2351 | EDGA | 2024-09-19 | ||
| 26.8171 | EDGX | 2024-09-19 | ||
| 26.7733 | EPRL | 2024-09-19 | ||
| 26.7984 | HRTX | 2024-09-19 | ||
| 26.8061 | IEXG | 2024-09-19 | ||
| 26.7965 | INCR | 2024-09-19 | ||
| 26.7700 | ITGI | 2024-09-19 | ||
| 26.8149 | JPMX | 2024-09-19 | ||
| 26.7604 | KNLI | 2024-09-19 | ||
| 26.8049 | LEVL | 2024-09-19 | ||
| 26.8079 | MEMX | 2024-09-19 | ||
| 26.7934 | SGMT | 2024-09-19 | ||
| 26.7456 | SOHO | 2024-09-19 | ||
| 26.7973 | UBSA | 2024-09-19 | ||
| 26.8122 | XNAS | 2024-09-19 | ||
| 26.7998 | XNYS | 2024-09-19 | ||
| 26.8600 | XPXS | 2024-09-19 | ||
| 1Average price of the transactions made on the relevant market place. | ||||
| d) | Aggregated information<br><br> <br>— Aggregated volume<br><br> <br>— Price | Total volume: 48,000<br> <br> Total price: 1,279,101.80 |
All values are in US Dollars.
6