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Sandsli invest
09.12.2020 kl 16:29 12837

Øystein Kalleklev, CEO of Flex LNG Management AS comments:
«We find it in the interest of our shareholders that the Company has the authorization to repurchase our common stock as part of it’s capital allocation strategy. The stock is trading at approx. 45% of book value while our book consists of 10 modern MEGI/XDF LNG carriers on the water with average age of only ~1 year as well as three newbuildings with scheduled delivery in 2021. Given the fact that all our ships are fully financed with no maturities prior to H2-2024 and our current cash position the Board has decided to allocate part of our financial resources to pursue such buybacks.»
Redigert 21.01.2021 kl 08:48

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