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FRO – Changes to the Board Composition
Globenewswire· 2026-02-27 21:30
Frontline plc (“Frontline” or the “Company”) announces that Mr. Ørjan Svanevik has resigned as Director of the Company. The Board would like to thank Mr. Svanevik for his considerable contribution to the Company during his directorship. At the same time, the Company announces the appointment of Mr. Mikkel Storm Weum as a Director. Mr. Weum is employed as an Investment Director in Seatankers Management Norway AS, responsible for Sale and Purchase, Newbuildings and Projects. Mr. Weum is also serving as a di ...
Flex LNG - Third Quarter 2025 Presentation
Prnewswire· 2025-11-12 06:16
Core Points - Flex LNG Ltd will present its third quarter 2025 results in a live video webcast on November 12, 2025, at 15:00 CET (09:00 a.m. EST) [1][3] - The unaudited financial results will be released on the same day [4] - A Q&A session will follow the webcast, with instructions for submitting questions provided at the beginning of the session [1] Access Information - The presentation can be accessed on the company's website [2] - For further inquiries, contact Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management [2]
Flex LNG - Announces Long-term Incentive Plan
Prnewswire· 2025-06-24 15:17
Core Points - Flex LNG Ltd has approved a long-term incentive plan (LTIP) granting up to 187,142 synthetic options to management and employees, with a five-year term expiring on June 24, 2030 [1] - The synthetic options have an exercise price of USD 23.75, which will be adjusted for any dividends distributed before exercise [1] - The vesting schedule for the synthetic options is one-third on June 24, 2026, one-third on June 24, 2027, and one-third on June 24, 2028 [4] Compensation Structure - The synthetic options granted to the CEO and CFO are capped at a maximum annual gain equal to two times their annual base salary at the time of exercise [2] - Settlement of the synthetic options will be in cash, based on the difference between the market price of the Company's shares and the exercise price on the date of exercise [2] - The synthetic options are granted according to the rules of the Company's synthetic option scheme approved by the Board of Directors [2]