Flex LNG Ltd.
At the general meeting of Flex LNG Ltd. on May 8, 2025, Folketrygdfondet will vote against item 2 and item 11 with the following reasons:
Item 2: Authorization for the board to appoint new board members
The board is asking the general meeting for authorization to appoint new board members. Folketrygdfondet believes on principle that it is the shareholders through the general meeting who should elect board members. Therefore, Folketrygdfondet will vote against giving the board authorization to appoint new board members.
Item 11: Delisting from Oslo Børs
If Flex LNG delists from Oslo Børs, investors with geographical restrictions in their mandate, such as Folketrygdfondet, will be forced to sell their shares in the company. Flex LNG will thus permanently lose access to a significant investor base.
Folketrygdfondet will vote in accordance with our mandate to safeguard the financial interests of the Government Pension Fund Norway and promote well-functioning markets. We believe the benefits of maintaining a listing on Oslo Børs are significant for both the company and investors. Therefore, we will vote against the proposal to delist from Oslo Børs.