Gry Osnes

About Gry Osnes

Gry Osnes is an independent director of Crown LNG Holdings Limited (CGBS), appointed on July 9, 2024; Companies House lists her as an active director with correspondence address at the company’s Jersey office . External profiles note a graduate degree from HEC Paris and identify her current role at Crown LNG; age reported as 58 in public datasets . Bloomberg also lists her as a Board Member at Crown LNG Holdings Ltd .

Past Roles

Filings reference board practices in a separate prospectus section not included in the available documents; prior roles for Osnes are not detailed in CGBS’s 20-F/6-K/DEF 14A set .

External Roles

Board Governance

• Independent status: External profiles classify Osnes as an independent director .
• Chair role context: The Board transitioned to an independent chair on August 2, 2024, appointing Andrew Judson (independent), following Jørn Husemoen’s resignation from the chair position; Husemoen continued as director .
• Committee assignments: Not disclosed in available SEC filings; 20-F points to additional detail in the proxy/prospectus section not included here .
• Attendance/engagement: Not disclosed in available filings .
• Executive sessions: Not disclosed .

Fixed Compensation

• Non-employee director compensation policy: Post-business combination, Pubco stated that non-employee directors will receive compensation per a policy to be adopted; specific retainers/fees for FY2024–2025 are not disclosed in filed materials .
• Historical Crown director fees (pre-Pubco, FY2023): Only prior directors (Husemoen, Kataria, Aslaksen) are listed; this does not include Osnes and predates her appointment .

Performance Compensation

• Equity-based awards/PSUs/RSUs for directors: No details disclosed for Osnes; Pubco expects to use stock-based awards in future years under a new incentive plan, but specifics and grant data are not provided in the filings available .
• Performance metrics (TSR, EBITDA, ESG): Not disclosed .
• Clawback provisions: Director indemnification agreements are disclosed, but clawback policy specifics for directors are not discussed in the filings reviewed .

Other Directorships & Interlocks

• No other public company directorships or interlocks for Osnes are disclosed in CGBS filings .
• Board changes around listing: Appointment of independent chair and lock-up waivers for certain major holders were disclosed; not directly indicative of Osnes’ external interlocks .

Expertise & Qualifications

• Education: Graduate degree from HEC Paris (École des Hautes Études Commerciales) .
• Domain expertise: Not specified in CGBS filings .

Equity Ownership

Osnes is listed among directors with no reported beneficial ownership in both DEF 14A tables; “—” denotes no holdings reported as of each record date .

Governance Assessment

• Board independence signaling: Elevating an independent chair in Aug 2024 is a positive governance step that strengthens oversight and mitigates perceived influence from management or affiliated directors .
• Ownership alignment: No beneficial ownership reported for Osnes in two consecutive DEF 14A beneficial ownership tables; for investors focused on “skin-in-the-game,” this reflects limited personal capital at risk in CGBS equity during these periods .
• Listing risk backdrop: The company faced Nasdaq bid price and filing deficiencies, driving special meeting proxies to authorize reverse splits (2:1–10:1 in Feb 2025; expanded to 1:60–1:120 in Jun 2025). This governance environment indicates heightened capital-market risk and board prioritization of listing compliance over routine director matters .
• Related-party exposure (board-level context): Filings detail consulting arrangements and payments to certain board members and management via their firms (e.g., Black Kite AS, LNG-9 Pte Ltd) in prior periods; while not tied to Osnes, these relationships warrant continued monitoring for conflicts and committee independence rigor .
• RED FLAGS
  • Nasdaq compliance pressures and repeated reverse split authorizations indicate fragile investor confidence and liquidity constraints .
  • Prior reliance on consulting arrangements with board-affiliated entities increases sensitivity to conflict-of-interest governance controls, though not attributable to Osnes personally .

Implications: Osnes’ independent status amid appointment of an independent chair is supportive of board effectiveness. However, the absence of disclosed share ownership and lack of visibility into committee roles, attendance, and director pay weaken investors’ ability to assess alignment and engagement. In the near term, the key governance test is board execution on listing remediation and transparent disclosure of director compensation and committees.

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References:

• DEF 14A beneficial ownership and share count tables .
• 6-K announcing chair transition to Andrew Judson (independent) and Husemoen letter .
• 20-F disclosures on director compensation policy and indemnification framework .
• 6-K operational disclosures including consulting by certain board members’ companies .
• Companies House appointment record for Gry Osnes .
• MarketScreener profile and education .
• Investing.com management page (age, role summaries) .
• Bloomberg profile (Board Member listing) .