BW LPG LTIP 2017

BW LPG: PURCHASE OF SHARES FOR MANAGEMENT SHARE OPTION PLAN

(Singapore, 6 March 2018)

 

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) has purchased 284,000 of its own shares on 5 March 2018, at an average price of NOK 36.16 per share.

 

The shares were purchased in accordance with the Company's Long-term Management Share Option Plan (“LTIP 2017”) (as further detailed in the announcement dated 28 February 2018).

 

Following the transaction, BW LPG holds 630,921 of its common shares, representing 0.44% 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

E-mail: elaine.ong@bwlpg.com

 

Zhao Yi Yen, CFA, CAIA

Head of Investor Relations and Research

BW LPG Limited

Tel: +65 6705 5514

E-mail: zhaoyi.yen@bwlpg.com

 

About BW LPG

 

BW LPG is the world's leading owner and operator of LPG vessels. BW LPG currently owns and operates 49 Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) and two VLGC newbuildings. In addition, the Group has two VLGCs owned and operated by a joint venture. Total carrying capacity for the 53 vessels amounted to 4.3 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's fleet of over 160 vessels includes refined oil tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, chemical tankers, dry cargo carriers and floating production storage and offloading (FPSO) units.

 

This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.