Kawasaki Kisen Kaisha said it has tendered its total shareholding, 17,291,866 shares, in Flex LNG in connection with the ongoing mandatory offer set forth by Geveran Trading.
The shareholding was tendered on 17 December 2014.
Following completion and settlement of the offer, Kawasaki Kisen Kaisha will not hold further shares or rights to shares in Flex LNG.
Even though the board of directors recently advised its shareholders not to accept the offer by Geveran Trading as the price was below the company’s asset value estimates, several shareholders have tendered their shareholding in Flex LNG accepting the offer.
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LNG World News Staff; Image: K Line