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