09 December 2015
BW LPG has acquired a 12.13% stake in Aurora LPG
(Singapore, 09 December 2015)
After close of markets on 8 December 2015, BW LPG Limited (“BW LPG”) acquired 3,069,185 shares in Aurora LPG Holding ASA (“Aurora LPG” or the “Company”), representing 10.34% of the outstanding shares in the Company (the “Transaction”). As a result of the Transaction, BW LPG now holds a total of 3,598,959 shares in Aurora LPG, representing 12.13% of the outstanding shares in the Company.
As part of the Transaction, BW LPG has sold 2,565,318 existing shares in BW LPG held in treasury. As a result, BW LPG now holds 834,682 treasury shares, equivalent to 0.61% of the 136,291,455 outstanding shares in BW LPG.
For further information, please contact:
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
John Papaioannou, CFA
Strategy and Investor Relations Analyst
BW LPG Limited
Tel: +65 6705 5514
ABOUT BW LPG
BW LPG is the world's leading and largest very large gas carrier (VLGC) owner and operator based on number of VLGCs and by LPG carrying capacity. BW LPG currently owns and operates 40 gas carriers with a total carrying capacity of over 3.1 million cbm. In addition, BW LPG has 6 VLGC newbuildings under construction in Korea. With more than 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 4-2 of the Norwegian Securities Trading Act.