Investor Relations Policy
BW LPG provides shareholders and other parties in the financial markets with equal and simultaneous information about matters that may influence the share price. The contacts between the senior management, investors and analysts are carefully handled and structured, and the company will not engage in any acts that compromise the independence of analysts in relation to the company and vice versa. We respect the principle of equal treatment of all market players to ensure fair pricing of the BW LPG's shares.
The company maintains an open and continuous dialogue with existing and potential shareholders, stakeholders and the general public. We aim for a high degree of openness and we are committed to communicating information in compliance with the disclosure requirements of the Oslo Stock Exchange.
BW LPG communicates with all of its investors and analysts through organising or attending meetings such as the Annual General Meetings of shareholders, Investor & Analyst presentations, roadshows and attending various conferences with investors. Furthermore we publish an annual report, quarterly reports and press releases, as and when required to communicate developments within and relating to the company.
The reports cover the company's business performance and developments, including relevant financial information. In addition, we will publish details about the company where such information is considered important to the pricing of its shares. BW LPG maintains an insider register and will publish any changes to certain insiders' shareholdings in accordance with the rules that apply for the Oslo Stock Exchange. Any such publication will be made immediately after the transaction. Such information will first be published via the websites of the Oslo Stock Exchange (www.oslobors.no) and will immediately thereafter be available on our website. Shareholders and others who via our website have requested the receipt of e-mail news from the BW LPG, will receive the information immediately thereafter.
Briefings are given to update the market after each quarterly announcement via group meetings or teleconference and are accessible via the website. Meetings with investors (bilateral and general) are being held to ensure that the investment community receives a balanced and complete view of the company’s performance and the issues faced by the business, while always observing applicable rules concerning selective disclosure, equal treatment of shareholders and insider trading.
Analysts’ reports and valuations are not assessed, commented upon or corrected, other than factually, by the company. BW LPG does not pay any fees to parties for carrying out research for analysts’ reports or for the production or publication of analysts’ reports. Contacts with the capital markets are dealt with by the members of the senior management, BW LPG’s investor relations professionals, and from time to time, other BW LPG personnel specially mandated by the senior management.
BW LPG places a high value on its credibility and reputation in the community. What is written or said about the company in the news media and investment community directly impacts the reputation of BW LPG, positively or negatively. Our policy is to provide timely, accurate and complete information in response to public requests (media, analysts, etc.), consistent with our obligations to maintain the confidentiality of competitive and proprietary information and to prevent selective disclosure of market-sensitive financial data.