Geveran Trading completes Flex LNG takeover

Geveran Trading completes Flex LNG takeover

With the expiry of the acceptance period of the offer on 18 December, Geveran Trading purchased further 44,309,205 shares of Flex LNG. 

Based on these results Geveran Tranding took control over a 34,9% share capital and voting rights in Flex LNG during the takeover period, stands in a Flex LNG statement.

The final result shows that Geveran Trading, once the offer is completed, will hold 103,837,979 shares in Flex LNG or 81.94%.

The company agreed to purchase additional 20,’000 shares in Flex LNG at a price not exceeding the offer price.

Settlement of the offer is expected to take place on 29 December.

LNG World News Staff; Image: Flex LNG

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >