This announcement is not for release, publication or distribution (directly or
indirectly) in or to the United States, Canada, Australia or Japan. It is not an offer
of securities for sale in or into the United States, Canada, Australia, the Hong Kong
Special Administrative Region of the People's Republic of China, South Africa or Japan.
BW LPG - The offer period for the voluntary unconditional tender offer for Aurora LPG
expires today at 16:30 hours CET
(Singapore, 5 December 2016)
Reference is made to the previous stock exchange announcements made by BW LPG Limited
("BW LPG", the "Company", OSE ticker code: "BWLPG") in connection with BW LPG's
voluntary unconditional tender offer (the "Offer") to acquire all the outstanding shares
in Aurora LPG Holding ASA ("Aurora LPG") not already owned by BW LPG, and the combined
offer document and prospectus dated 28 October 2016, as supplemented through the
supplemental prospectus dated 24 November 2016 (the "Offer Document"), prepared in
relation thereto.
The offer period for the Offer expires today at 16:30 hours CET. Shareholders in Aurora
LPG who wish to accept the Offer must complete and sign an acceptance form and return it
to SpareBank 1 Markets AS, Olav V's gate 5, P.O. Box 1398 Vika, N-0114 Oslo, Norway,
tel: +47 24 14 74 00, fax: +47 24 14 74 01, e-mail: subscription@sb1markets.no, in time
for the acceptance form to be received prior to 16:30 hours CET today. The Offer
Document and the acceptance form is, subject to regulatory restrictions in certain
jurisdictions, available at www.sb1markets.no and via link from www.bwlpg.com.
The Offer is a voluntary offer, which fulfils the requirements for a mandatory offer as
set out in Chapter 6 of the Norwegian Securities Trading Act. Investors should therefore
note that the completion of the Offer will not trigger an obligation to make a
subsequent mandatory offer under the Norwegian Securities Trading Act.
For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
Email: elaine.ong@bwlpg.com
John Papaioannou, CFA
Senior Manager, Strategy & Investor Relations
Tel: +65 6705 5514
Email: john.papaioannou@bwlpg.com
About BW LPG
BW LPG is the world's leading owner and operator of LPG vessels. BW LPG currently owns
and operates 43 Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a total
carrying capacity of over 3.1 million cbm. In addition, BW LPG has 4 VLGC newbuildings
under construction. 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 Section 5-12 of the
Norwegian Securities Trading Act.
IMPORTANT INFORMATION:
This announcement is not an offer to sell or a solicitation of offers to purchase or
subscribe for securities of BW LPG Limited. 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"). Copies of this
announcement may not be sent to jurisdictions, or distributed in or sent from
jurisdictions, in which this is barred or prohibited by law. The information contained
herein shall not constitute an offer to sell or the solicitation of an offer to buy, in
any jurisdiction in which such offer or solicitation would be unlawful prior to
registration, exemption from registration or qualification under the securities laws of
any jurisdiction. A decision to invest in securities of BW LPG Limited referred to in
this announcement should be based exclusively on the prospectus published by BW LPG
Limited for such purpose.
This announcement does not constitute or form a part of any offer or solicitation to
purchase or subscribe for securities in the United States or any other jurisdiction.
Securities may not be offered or sold in the United States unless they have been
registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or
are exempt from registration. The shares of BW LPG Limited that are being offered in the
Offer referred to in this announcement have not been and will not be registered under
the Securities Act, and BW LPG Limited does not intend to make a public offering of its
shares in the United States. The information contained herein does not constitute an
offer of securities to the public in the United Kingdom. No prospectus offering
securities to the public will be published in the United Kingdom. This announcement is
only being distributed to and is only directed at (i) persons who are outside the United
Kingdom or (ii) to investment professionals falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended,
the "Order") or (iii) high net worth entities, and other persons to whom it 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").
The new shares are only available to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such Shares will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or rely on this
announcement or any of its contents.
NOTICE TO U.S. HOLDERS:
The Offer described in this announcement has been made for the shares of Aurora LPG, a
Norwegian company, and is subject to Norwegian disclosure requirements, which are
different from those of the United States. This announcement is neither an offer to
purchase nor a solicitation of an offer to sell shares of Aurora LPG. BW LPG has
disseminated the Offer Document as required by applicable law and shareholders of Aurora
LPG should review the Offer Document carefully.