(Singapore, 12 January 2023)
BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 715,351 of its own common shares from 4 January 2023 to 11 January 2023 at an average price of NOK 68.3894 per share.
The shares were purchased in accordance with the stock notice issued by the Company on 8 December 2021 regarding the Company initiating its share buy-back programme. The Company’s programme to buy back up to 10 million common shares from the open market for a maximum amount of USD 50 million as resolved by the Board of Directors of BW LPG is still ongoing, and the share buy-back programme is expected to continue until the end of May 2023 with a daily maximum threshold of 158,448 shares.
After these transactions, BW LPG holds 9,272,974 of its common shares, representing 6.53% of the number of issued shares. The shares purchased will be held as Treasury Stock.
A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.
For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
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 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 disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.