(10 January 2024)
On 9 January 2024, the Board of Directors of BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) approved the accelerated vesting of 113,600 share options awarded to Mr Niels Rigault, Executive Vice President (Commercial), on 1 Mar 2021 under the five-year long-term management share option plan (“LTIP 2017”).
The exercised options were settled by the Company via a transfer of treasury shares which the Company has bought in the market for this purpose. Following the transfer, the Company holds 8,812,505 treasury shares.
Mr Rigault exercised these 113,600 options at a strike price of NOK 8.5168 each and sold 113,600 shares in BW LPG in the market at an average price of NOK 162.5185 each. Please refer to the attached for further details.
For further information, please contact:
Kristian Sørensen
Chief Executive Officer
E-mail: kristian.sorensen@bwlpg.com
Samantha Xu
Chief Financial Officer
E-mail: samantha.xu@bwlpg.com
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 www.bwlpg.com.
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. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.
This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.
