GlobeNewswire by notified

Flex LNG - Market & Company Update at BYNN

Share

December 17, 2021
Hamilton, Bermuda

Please find attached the presentation held by CEO Øystein Kalleklev at BYNN which will be released today 07:00 CET on YouTube. The presentation is followed by an Q&A session hosted by Christopher Vonheim. The webcast of the presentation and Q&A session can be found here: https://youtu.be/J_-uCD0tzGA

The presentation is also available on www.flexlng.com

Company update:
We are pleased to confirm that the $160m financing for Flex Volunteer announced in connection with the Q3 report was finalized as planned on December 16, 2021. The net cash released to Flex LNG from this transaction was $38m.

Additionally, the one year extension option under the Time Charter (“TC”) contract for Flex Rainbow has been declared and the TC now matures in Q1-2023.

For further information, please contact:
Knut Traaholt
Chief Financial Officer
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. During 2021, we have built up a significant contract backlog while maintaining market exposure to capture the opportunities in the growing LNG shipping market. Flex LNG is listed both on the New York Stock Exchange (NYSE) and Oslo Stock Exchange (OSE) under the ticker “FLNG". For more information, go to: www.flexlng.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Winners Announced in the Seventh Annual Stevie® Awards for Great Employers8.8.2022 15:00:00 CEST | Press release

Top Winners Include IBM and Tata Consultancy Services FAIRFAX, Va., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Winners in the 2022 (seventh annual) Stevie® Awards for Great Employers, an international competition, were announced today. The awards recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work. Among the organizations with the most Stevie-winning nominations are IBM, worldwide (27 Gold, Silver, and Bronze wins), Tata Consultancy Services, worldwide (23), Enerjisa Enerji, Turkey (21), Bank of America, USA (18), Cathay United Bank, Taiwan (10), Globe Telecom, Inc., Philippines (10), MİGROS, Turkey (10), Abu Dhabi Customs, United Arab Emirates (8), DHL Global Forwarding, Germany (8), Sabanci Holding, Turkey (8), İGA (İstanbul Grand Airport), Turkey (7), Megaphone, Australia (7), and NEQSOL HOLDING, Azerbaijan (7). Visit www.StevieAwards.com/HR for a full list of

J.M. Huber Corporation Signs Agreement to Acquire the Biolchim Group From NB Renaissance, Chequers Capital and Management Team8.8.2022 15:00:00 CEST | Press release

ATLANTA, Aug. 08, 2022 (GLOBE NEWSWIRE) -- J.M. Huber Corporation (Huber)—a global, family-owned specialty engineered materials manufacturing company—announced today that it has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team. The Biolchim Group, managed and headed by Galileo Quattro SARL, has its main operating base in Italy and is a leading producer and distributor of a full range of specialty plant nutrition and biostimulants. Closing of the sale, anticipated to occur by the end of 2022, is subject to customary closing conditions including the foreign direct investment approval in Italy. All the companies in the Biolchim Group—including Biolchim S.p.A, Cifo, Ilsa S.p.A, Matécsa Kft, and West Coast Marine-Bio Processing Corp.—are within the scope of the purchase. The Biolchim Group operates eight production plants globally and its products—biostimulants, trace elements, and water sol

Bombardier Announces Firm Order for the First Challenger 3500 Business Jet based in Europe for Charter Operations with Air Corporate SRL8.8.2022 14:00:00 CEST | Press release

Italian-based Air Corporate SRL to be the first European operator to offer the Challenger 3500 business jet for charter services, which will join the company’s fleet of aircraft With its innovative technology, redesigned cabin and sustainably minded features, the Challenger 3500 business jet is ideally suited for the European charter market MONTREAL, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Bombardier today announced the sale of its industry-leading Challenger3500 business jet to Italian-based operator, Air Corporate SRL. This will be the first company to offer the aircraft for charter in Europe. Introduced in 2021, the new Challenger 3500 aircraft offers a unique blend of performance, advantageous operating costs, ultimate cabin experience and smooth ride, making it an ideal choice for the European charter market. And with its redesigned interior with intelligent and sustainably minded cabin features, the Challenger 3500 aircraft is elegantly crafted to combine comfort with function, fully e