Flex LNG (Oslo: FLNG) – contemplated USD 300m private placement

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Fearnley Securities is engaged as manager for a contemplated private placement of shares for Flex LNG (Oslo: FLNG), as announced today. The placement commences immediately and will close no later than 8:00 CET tomorrow. Proceeds will be applied primarily towards acquisition of 5 LNG newbuildings. The placement is fully guaranteed by the company’s largest shareholder Geveran, which will be allocated a minimum of USD 100m. Documents in respect of the transaction are available through the links set out below.

IMPORTANT LEGAL NOTICES

*** NOT FOR DISTRIBUTION IN THE UNITED STATES (EXCEPT IN CERTAIN CIRCUMSTANCES TO QUALIFIED INSTITUTIONAL BUYERS, AS DEFINED IN RULE 144A UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR TO "MAJOR U.S. INSTITUTIONAL INVESTORS " AS DEFINED IN RULE 15a-6 UNDER THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934), IN CANADA (EXCEPT IN CERTAIN CIRCUMSTANCES TO "ACCREDITED INVESTORS" WITHIN THE MEANING OF NATIONAL INSTRUMENT 45-106 -- PROSPECTUS AND REGISTRATION EXEMPTIONS AND "PERMITTED CLIENTS" WITHIN THE MEANING OF NATIONAL INSTRUMENT 31-103 -- REGISTRATION REQUIREMENTS AND EXEMPTIONS), IN AUSTRALIA OR IN JAPAN ***
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