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Geveran Trading purchases Flex LNG shares

LNG Industry,

The Board of Flex LNG has announced the purchase of approximately 15.5 million shares in the company by Geveran Trading Company Limited.

In a statement, the Board commented: “The Board of Directors of Flex LNG believes that Geveran’s investment in Flex LNG services to illustrate the value potential in the company and is looking forward to a positive dialogue with Geveran as the largest shareholder of Flex LNG.”

Flex LNG is currently constructing two LNG carriers with a capacity of 174,000 m2 with Samsung Heavy Industries, for delivery in Q1 2017.

Adapted from press release by Katie Woodward

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