Bernhard Schulte Investment Holding and Ian Beveridge tendered their total shareholding in the mandatory offer, according to Flex LNG.
Following this tender of 6,586,481 shares, Bernhard Schulte Investment Holding and Ian Beveridge do not hold any shares or rights to shares in Flex LNG.
Last week, Flex LNG board advised its shareholders not to accept the offer by Geveran Trading as the price was below the company’s asset value estimates.
The company did, however, issue 197,500 new shares following the exercise of staff options.
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LNG World News Staff; Image: Flex LNG