Geveran Trading Co. Maintains 23.3M Share Stake in Flex LNG

TL;DR

**Geveran Trading still holds over 23M shares of Flex LNG, showing strong conviction.**

AI Summary

Geveran Trading Co. Limited, a Cyprus-based entity, filed an amended SC 13G/A on February 1, 2024, disclosing its beneficial ownership in Flex LNG Ltd. As of December 31, 2023, Geveran Trading Co. Limited holds shared voting and dispositive power over 23,312,706 ordinary shares, representing a significant stake in the company. This matters to investors as it confirms a major shareholder's continued substantial interest, potentially signaling confidence in Flex LNG's future.

Why It Matters

This filing confirms a major institutional investor's continued significant ownership, which can influence corporate governance and provide a signal of long-term commitment to Flex LNG Ltd.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant ownership stake by a major entity, which generally reduces volatility and uncertainty.

Analyst Insight

A smart investor would view this as a positive signal of continued institutional confidence in Flex LNG Ltd., potentially reinforcing a long-term hold strategy or encouraging further due diligence into the company's fundamentals.

Key Numbers

• 23,312,706 — Shared Voting Power (Number of ordinary shares Geveran Trading Co. Limited has shared voting power over in Flex LNG Ltd.)
• 23,312,706 — Shared Dispositive Power (Number of ordinary shares Geveran Trading Co. Limited has shared dispositive power over in Flex LNG Ltd.)
• $0.10 — Par Value Per Share (The par value of Flex LNG Ltd.'s ordinary shares.)
• December 31, 2023 — Date of Event (The date as of which the ownership information was reported.)
• February 1, 2024 — Filing Date (The date the SC 13G/A amendment was filed.)

Key Players & Entities

• Geveran Trading Co. Limited (company) — reporting person and beneficial owner
• Flex LNG Ltd. (company) — the issuer of the securities
• Cyprus (company) — place of organization for Geveran Trading Co. Limited
• Greenwich Holdings Ltd. (company) — filing entity

Forward-Looking Statements

• Geveran Trading Co. Limited will maintain a significant ownership stake in Flex LNG Ltd. for the foreseeable future. (Geveran Trading Co. Limited) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.10 — of Issuer) Ordinary Shares, Par Value $0.10 Per Share (Title of Class of Securiti

Filing Documents

• d10956149_13g-a.htm (SC 13G/A) — 61KB
• 0000919574-24-000630.txt ( ) — 63KB

From the Filing

SC 13G/A 1 d10956149_13g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 4)* FLEX LNG Ltd. (Name of Issuer) Ordinary Shares, Par Value $0.10 Per Share (Title of Class of Securities) G35947202 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ X ] Rule 13d-1(d) __________ *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise CUSIP No. G35947202 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Geveran Trading Co. Limited 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cyprus NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 23,312,706 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 23,312,706 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,312,706 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 43.38%* 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO * Based on 53,736,318 ordinary shares of FLEX LNG Ltd. (the “Issuer”), par value $0.10 per share (the “Ordinary Shares”), issued and outstanding as of November 9, 2023. CUSIP No. G35947202 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Greenwich Holdings Limited 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cyprus NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 23,312,706 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 23,312,706 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,312,706 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 43.38%* 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO * Based on 53,736,318 Ordinary Shares of the Issuer issued and outstanding as of November 9, 2023. CUSIP No. G35947202 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) C.K. Limited* 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Jersey NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 23,312,706 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 23,312,706 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,312,706 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 43.38%** 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO *C.K. Limited is the trustee of two trusts (the “Trusts”) settled by Mr. John Fredriksen. The Trusts indirectly hold all of the Ordinary Shares of Greenwich Holdings Limited. Accordingly, C.K. Limited, as trustee, may be deemed to beneficially own the Ordinary Shares of the Issuer that are beneficially owned by Greenwich Holdings Limited. The beneficiaries of the Trusts are members of Mr. Fredriksen’s family. Mr. Fredriksen is neither a beneficiary nor a trustee of either Trust. Therefore, Mr. Fredriksen has no economic interest in such Ordinary Shares and Mr. Fredriksen disclaims any control over such Ordinary Shares, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts. ** Based on 53,736,318 Ordinary Shares of the Issuer issued and outstanding as of November 9, 2023. CUSIP No. G35947202 Item 1. (a) Name of Issuer: FLEX LNG Ltd. (b) Address of issuer's principal executive offices: Par-La-Ville Place, 14 Par-La-Ville Road, Hamilton Bermuda Item 2 . (a) Name of person filing: Geveran Trading Co. Limited Greenwich Holdings Limited C.K.

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View this SC 13G/A filing on SEC EDGAR