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FLEX LNG LTD 2025 Annual General Meeting Results

On May 8, 2025, FLEX LNG LTD convened its Annual General Meeting (AGM) at the prestigious Hamilton Princess and Beach Club in Bermuda. The meeting took place at 2:00 PM, where shareholders were presented with the audited consolidated financial statements for the fiscal year ending December 31, 2024.

In this session, shareholders voted on several significant resolutions that will shape the future direction of the company. Below are the key outcomes from the AGM:

1. Director Limits: The maximum number of directors was set at eight, ensuring an efficient governance structure as the company grows.
2. Casual Vacancies: It was resolved that any vacancies on the Board will be treated as casual vacancies, empowering the Board to fill these positions as it sees fit.
3. Director Re-elections: The AGM featured the re-election of several key directors. This included the return of Ola Lorentzon, Nikolai Grigoriev, Steen Jakobsen, and Susan Sakmar for another term of service.
4. New Director Appointments: There was also the election of Mikkel Storm Weum to the Board, introducing new leadership and perspectives.
5. Auditor Appointment: Shareholders re-appointed Ernst & Young AS based in Oslo, Norway, as the company’s auditor, allowing the Board to set remuneration for their services.
6. Board Remuneration: The meeting approved a total remuneration for the Company’s Board of Directors not to exceed $500,000 for the year ending December 31, 2025.
7. Share Premium Account Reduction: The company also approved a reduction in its share premium account, enhancing financial flexibility for future initiatives.
8. Delisting Approval: A significant decision taken was to approve the delisting of the company’s common shares from the Oslo Stock Exchange. The Board has been authorized to take necessary steps, including filing an application to facilitate this delisting process.

The decisions made during the meeting are pivotal as FLEX LNG LTD positions itself for growth and adaptation in a dynamic market landscape. The company continues to prioritize corporate governance and shareholder interests through effective leadership and transparent financial management.

Post-meeting, Mr. Knut Traaholt, the Chief Financial Officer of FLEX LNG Management AS, expressed gratitude towards shareholders for their continued support and engagement. He can be reached for further inquiries via telephone or email to elaborate on the resolutions and future expectations for the company.

This AGM illustrated the company’s dedication to strategic governance while also responding aptly to the evolving challenges within the LNG market. Investors will be looking forward to how the new Board structure and decisions will impact FLEX LNG's trajectory in the months ahead.