BW LPG: Purchase of Shares for Long-term Management Share Option Plan
(Singapore, 5 June 2017)
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) has purchased 142,000 of its own shares on 2 June 2017, at an average price of NOK 33.36 per share.
The shares were purchased in accordance with the share buy-back programme of the Company announced on 1 June 2017, and the Company's Long-term Management Share Option Plan (“LTIP 2017”) (as further detailed in the announcement dated 21 April 2017).
Following the transaction, BW LPG holds 350,106 of its common shares, representing 0.25% of the number of issued shares.
The shares purchased will become exercisable by the senior management of BW LPG under the LTIP 2017 after a 3-year vesting period.
For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
John Papaioannou, CFA
Head of Strategy, Research & Investor Relations
BW LPG Limited
Tel: +65 6705 5514
About BW LPG
BW LPG is the world's leading owner and operator of LPG vessels. BW LPG currently owns and operates 55 Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) including two VLGC newbuildings with a total carrying capacity of 4.5 million cbm. With four decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers.
BW LPG is associated with BW Group, one of the world's leading shipping groups. BW Group is involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production.
This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.