NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY
OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG
SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC
OF CHINA, JAPAN, SOUTH AFRICA OR THE UNITED STATES, OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL.
BW LPG - Allocation to primary insiders
Singapore, 21 November 2013. Reference is made to the
final results of the initial public offering (the
"Offering") of the shares of BW LPG Limited ("BW LPG",
the "Company", OSE ticker code: "BWLPG") announced
earlier today.
Anders Onarheim, a member of the BW LPG board of
directors with effect from the listing of the Company
on the Oslo Stock Exchange, has been allocated 30,000
shares in the Offering at a price of NOK 47 per share.
Anders Onarheim will thus own 30,000 shares in BW LPG
following completion of the Offering.
For further queries, please contact:
Lisa Lim - Corporate Communications
BW Maritime
Tel: +65 6434 5871
Email: lisa.lim@bwmaritime.com
ABOUT BW LPG
BW LPG is the world's largest very large gas carrier
(VLGC) owner and operator based on number of VLGCs and
by LPG carrying capacity. BW LPG owns and operates 36
gas carriers with a total carrying capacity of about 3
million cbm and a further 504,000 cbm of capacity on
order in Korea. With 35 years 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.
DISCLAIMERS
This announcement is not and does not form a part of
any offer for sale of securities.
Not for release, publication or distribution, directly
or indirectly, in Australia, Canada, the Hong Kong
Special Administrative Region of the People's Republic
of China, Japan, South Africa or the United States, or
any other jurisdiction in which such distribution
would be unlawful or would require registration or
other measures.
These materials are not an offer for sale of
securities in the United States. Securities may not be
sold in the United States absent registration with the
United States Securities and Exchange Commission or an
exemption from registration under the U.S. Securities
Act of 1933, as amended (the "Securities Act". BW LPG
does not intend to register any part of the offering
in the United States or to conduct a public offering
of Shares in the United States.
Any offering of the securities referred to in this
announcement will be made by means of a prospectus.
This announcement is not a prospectus for the purposes
of Directive 2003/71/EC (as amended, together with any
applicable implementing measures in any Member State,
the "Prospectus Directive"). Investors should not
subscribe for any securities referred to in this
announcement except on the basis of information
contained in the aforementioned prospectus.
In any EEA Member State other than Norway that has
implemented the Prospectus Directive, this
communication is only addressed to and is only
directed at qualified investors in that Member State
within the meaning of the Prospectus Directive. The
expression "Prospectus Directive" means Directive
2003/71/EC (and amendments thereto, including
Directive 2010/73/EU, to the extent implemented in any
relevant Member State) and includes any relevant
implementing measure in the relevant Member State.
This communication is only being distributed to and is
only directed at persons in the United Kingdom that
are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order") or (ii) high net worth entities, and
other persons to whom this announcement may lawfully
be communicated, falling within Article 49(2)(a) to
(d) of the Order (all such persons together being
referred to as "relevant persons"). This communication
must not be acted on or relied on by persons who are
not relevant persons. Any investment or investment
activity to which this communication relates is
available only to relevant persons and will be engaged
in only with relevant persons. Persons distributing
this communication must satisfy themselves that it is
lawful to do so.
Matters discussed in this announcement may constitute
forward-looking statements. Forward-looking statements
are statements that are not historical facts and may
be identified by words such as "anticipate",
"believe", "continue", "estimate", "expect",
"intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this
release are based upon various assumptions, many of
which are based, in turn, upon further assumptions.
Although BW LPG believes that these assumptions were
reasonable when made, these assumptions are inherently
subject to significant known and unknown risks,
uncertainties, contingencies and other important
factors which are difficult or impossible to predict
and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause
actual events to differ materially from the
expectations expressed or implied in this release by
such forward-looking statements.
The information, opinions and forward-looking
statements contained in this announcement speak only
as at its date, and are subject to change without
notice.
Merrill Lynch International and Deutsche Bank AG,
London Branch, each of which are authorised by the
Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential
Regulation Authority, Skandinaviska Enskilda Banken AB
(publ), Oslo Branch, which is authorised and regulated
by the Swedish Financial Supervisory Authority, i.e.
Finansinspektionen, and the Norwegian FSA, and ABG
Sundal Collier Norge ASA and Nordea Markets, a part of
Nordea Bank Norge ASA, each of which are authorised
and regulated by the Financial Supervisory Authority
of Norway, are acting exclusively for the Company and
the Selling Shareholder and no one else in connection
with the Offering and assume no responsibility for
this announcement.
None of the Managers or any of their respective
directors, officers, employees, advisers or agents
accepts any responsibility or liability whatsoever
for/or makes any representation or warranty, express
or implied, as to the truth, accuracy or completeness
of the information in this announcement (or whether
any information has been omitted from the
announcement) or any other information relating to the
Selling Shareholder or the Company, its subsidiaries
or associated companies, whether written, oral or in a
visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising
from any use of announcement or its contents or
otherwise arising in connection therewith.
This information is subject to disclosure requirements
pursuant to Section 5-12 of the Norwegian Securities
Trading Act.