Flex LNG launches $15 million share buyback program

Flex LNG Ltd. (NYSE: FLNG) announced its board of directors authorized a share buyback program allowing the company to repurchase up to $15 million of its outstanding shares.

The company entered into an agreement with DNB Markets, Inc. and DNB Carnegie for share repurchases on the Oslo Stock Exchange and New York Stock Exchange. The program will run from August 20, 2025, through November 27, 2025, with a maximum limit of 900,000 shares.

Repurchases on the Oslo Stock Exchange will comply with Market Abuse Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052. NYSE repurchases will follow U.S. securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934.

The purchased shares will be held as treasury shares. The actual timing, number and value of shares repurchased will depend on factors including price, market conditions and alternative investment opportunities. Flex LNG reserves the right to modify the program terms, including shortening, extending or replacing it.

The company stated the buyback program amount will be treated separately from future dividend considerations, which remain at the board's discretion according to the company's dividend policy.

The information was disclosed according to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation, based on the company's press release.

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