FLNG Flex LNG Ltd.

Flex LNG - Invitation to Q2 2022 presentation and webcast

Flex LNG - Invitation to Q2 2022 presentation and webcast

Hamilton, Bermuda

August 10, 2022



Flex LNG Ltd ("Flex LNG" or the "Company") will release its preliminary financial results for the second quarter of 2022 on Wednesday August 24, 2022 on or about 07:00 CEST (1:00 a.m. EST).

In connection with the earnings release, a live video webcast with presentation of the second quarter 2022 results will be held at 15:00 CEST (9:00 a.m. EST) on the same day. In order to attend, use the following link to register and watch the webcast:

We encourage viewers to register for the webcast 5-10 minutes prior to the presentation. A Q&A session will be held after the presentation. Information on how to submit questions will be given at the beginning of the session.

The presentation material which will be used will be made available on and a replay of the webcast will also be made available at this website.



For further information, please contact:

Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS

Telephone:

Email:

About FLEX LNG

Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG carriers on the water and all of our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offer significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. We have built up a significant contract backlog, having fixed 12 of our 13 vessels on long term charter contracts. Flex LNG is listed both on the New York Stock Exchange (NYSE) and Oslo Stock Exchange (OSE) under the ticker "FLNG". For more information, go to:

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

 



EN
10/08/2022

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Flex LNG (Buy, TP: NOK320.00) - Set to hold course on 14% DPS yield

With ~90% of days fixed for 2025 and 2026, and a cash balance of 11x its ‘regular’ quarterly dividend, Flex LNG’s USD0.75 DPS looks insulated from market storm, offering a compelling 14% yield. Additionally, we expect freight markets to recover from 2026, with current newbuild prices implying a long-term TC contract of cUSD90k/day to justify the investment, in our opinion supporting a firm long-term rate outlook. We reiterate our BUY but have cut our target price to NOK320 (340).

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