BW LPG Management Share Option Plan “LTIP 2017” – 2021 Award Of Share Options

The Board of Directors of BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) has approved the award of share options to the senior management of BW LPG.

This is the fifth and final annual award of share options under the five-year long-term management share option plan (“LTIP 2017”) which was launched on 21 April 2017. LTIP 2017 is aimed at aligning the interests of the senior management of the Company with those of the shareholders. Details of the plan can be found in the following link:

The total number of options that will be awarded in 2021 is 568,000 options. The options will be awarded in connection with the publication of the quarterly report for Q4 2020.

The following primary insiders of the Company have been awarded the fifth annual tranche of share options under LTIP 2017. The total number of shares (if any) held by these primary insiders are as set out below:

Anders Onarheim, Chief Executive Officer
Options awarded in 2021: 232,880
Options awarded in 2020: 186,304
Shares held: 50,000

Elaine Ong, Chief Financial Officer
Options awarded in 2021: 85,200
Options awarded in 2020: 85,200
Options awarded in 2019: 85,200
Options awarded in 2018: 49,700
Options awarded in 2017: 49,700
Shares held: 10,630

Niels Rigault, Executive Vice President, Commercial
Options awarded in 2021: 113,600
Options awarded in 2020: 113,600
Options awarded in 2019: 113,600
Options awarded in 2018: 71,000
Options awarded in 2017: 71,000
Shares held: 96,000

Pontus Berg, Executive Vice President, Technical and Operations
Options awarded in 2021: 51,120
Options awarded in 2020: 51,120
Options awarded in 2019: 51,120
Options awarded in 2018: 21,300
Options awarded in 2017: 21,300
Shares held: 6,495

Jo Moffat, Vice President, Product Services
Options awarded in 2021: 39,760
Options awarded in 2020: 39,760
Options awarded in 2019: 39,760
Shares held: 0

Prodyut Banerjee, Vice President, Operations
Options awarded in 2021: 22,720
Options awarded in 2020: 22,720
Options awarded in 2019: 22,720
Shares held: 0

Knut-Helge Knutsen, Vice President, Technical
Options awarded in 2021: 22,720
Options awarded in 2020: 22,720
Options awarded in 2019: 22,720
Shares held: 0


For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519


About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.