FLEX LNG announced that it has approved the issuance of 11,315,080 shares to InterOil Corporation and Pacific LNG Operations and/or their nominees.
The split of shares will be 8,938,913 to InterOil (a 7.18% holding in FLEX once issued) and 2,376,167 to Pacific LNG (a 1.91% holding in FLEX once issued).
The Company will issue the shares as soon as the necessary administrative steps have been completed.
The number of FLEX LNG shares before this issue is 113,162,122, which will increase to 124,477,202 after the issuance.
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Source: FLEX LNG, May 20, 2011;