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FLNGo - FLEX LNG News Story

NOK99.2 1.4  1.4%

Last Trade - 07/05/21

Sector
Energy
Size
Mid Cap
Market Cap £459.6m
Enterprise Value £1.37bn
Revenue £117.7m
Position in Universe 505th / 1838

BRIEF-FLEX LNG: contemplates to buy two high-end MEGI LNG carriers

Wed 26th April, 2017 3:31pm
April 26 (Reuters) - FLEX LNG LTD  FLNG.OL  
    * FLEX LNG: ANNOUNCEMENT OF CONTEMPLATED ACQUISITION OF TWO HIGH-END MEGI 
    * ANNOUNCEMENT OF CONTEMPLATED ACQUISITION OF TWO HIGH-END MEGI LNGC NEWBILDS AND PRIVATE 
PLACEMENT 
    * IS CONTEMPLATING TO ENTER INTO TRANSACTION FOR ACQUISITION OF TWO HIGH-END MEGI LNG 
CARRIERS CURRENTLY UNDER CONSTRUCTION AT DAEWOO SHIPBUILDING AND MARINE ENGINEERING 
    * TOTAL CONSIDERATION TO BE PAID BY THE COMPANY FOR THE ACQUISITION OF THE VESSELS IS USD 
180 MILLION PER VESSEL 
    * 20% OF THE CONTRACT PRICE IS PAYABLE WITHIN THREE (3) DAYS FROM A SUCCESSFUL COMPLETION OF 
THE PRIVATE PLACEMENT 
    * SAYS REMAINING PART OF THE CONTRACT PRICE IS PAYABLE UPON DELIVERY OF THE VESSELS 
    * SAYS ACQUISITIONS OF VESSELS ARE SUBJECT TO PRIVATE PLACEMENT BEING COMPLETED 
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED FOR PAYMENT UNDER FIRST INSTALMENT OF 
TRANSACTION, WORKING CAPITAL AND GENERAL CORPORATE PURPOSES 
 
Source text for Eikon:  ID:nObi0GYsBa  
Further company coverage:  FLNG.OL  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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