The Board of Directors of FLEX LNG announced the purchase of approximately 12.7 million shares by Geveran Trading Company Limited.
This brings Geveran’s total ownership in FLEX LNG to 43.32% of the issued share capital.
Geveran intends to launch a mandatory offer for all the shares of FLEX LNG.
Adapted from press release by Katie Woodward
Flex LNG has announced the purchase of approximately 15.5 million shares by Geveran Trading.
FLEX LNG reported results for the first half and second quarter of 2014.
European import flexibility remains central to global LNG supply, according to the latest analysis from PIRA.
FLEX LNG investigates strategic alternatives available to the company including the sale of its assets and entry into a third party agreement.