(Singapore, 1 May 2018)
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) announced a share buyback programme on 6 March 2018.
Between 7 March 2018 and 30 April 2018, a total of 2,122,000 common shares were purchased under the programme at an average price of NOK 35.96 per share, for an aggregate consideration of NOK 76.4 million (USD 9.8 million).
The shares purchased will be held as Treasury Stock.
For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels. BW LPG currently owns and operates 47 Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) and two VLGC newbuildings. In addition, the Group has two VLGCs owned and operated by a joint venture. Total carrying capacity for the 51 vessels amounted to 4.2 million cbm. 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’s fleet of over 160 vessels includes refined oil tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, chemical tankers, dry cargo carriers and floating production storage and offloading (FPSO) units.
This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.