BW LPG: Repurchase of Own Shares on 23 March 2018
(Singapore, 24 March 2018)
On 23 March 2018, BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) purchased 95,000 of its common shares at an average price of NOK 34.51 per share. The shares were purchased in accordance with the share buy-back programme announced on 6 March 2018.
After these transactions, BW LPG Limited holds 2,352,921 of its common shares, representing 1.66% of the number of issued shares. The shares purchased will be held as Treasury Stock.
For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
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.