(Singapore, 25 November 2014)
Pursuant to the Company's share incentive scheme
for its top management and arising out of the
initial public offering ("IPO"), BW Group Limited
entered into agreements with its Chief Executive
Officer (CEO) Nicholas Gleeson, Chief Commercial
Officer (CCO) Andrew Hoare, Chief Financial Officer
(CFO) Vijay Kamath and Head of Fleet Supervision
(HFS) Sugato Roy, whereby, upon listing of the
Company, each was entitled to shares in the
Company, with price per share determined based on
the net asset value of the Group immediately prior
to listing.
For the CEO and CCO, the shares were transferred
from BW Group Limited's shareholding on 30 December
2013 and were subject to a one-year lock-up period
from the IPO, expiring today.
For the CFO and HFS, the share issuance was
deferred until today and as such newly issued
shares in the Company have been allocated to each
in accordance with their entitlement.
The numbers of shares allocated remain consistent
with the announcement made on 31 December 2013
which can be accessed here:
http://www.bwlpg.com/news-from-BW-LPG/press-
releases/bw-lpg---issuance-of-shares-to-bw-lpg-
management-team
For further information, please contact:
Vijay Kamath
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
Email: vijay.kamath@bwlpg.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 close to 3 million cbm and a further
588,000 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.
This information is subject to disclosure
requirements pursuant to Section 5-12 of the
Norwegian Securities Trading Act.