Reference is made to the Q3 2022 Presentation released 18 November 2022.
BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend and dividend in-kind for Q3 2022.
Cash dividend:
Cash dividend amount: USD 0.035 per share
Declared currency: USD
Dividend in-kind:
Type of dividend: Shares in BW Energy Limited (“Dividend Shares”), which will be delivered to the VPS account on which the respective eligible BW Offshore shareholders hold their shares in BW Offshore.
Total value of Dividend Shares: Approximately USD 5,000,000
Price per Dividend Shares: NOK 27.21 (5-days volume weighted average price (VWAP) end of 16 November 2022)
USDNOK: 9.9573 (16 November 2022)
Dividend Shares per BW Offshore share: 0.0101 (rounded downwards to the nearest whole number of Dividend Shares)
Maximum number of Dividend Shares to be distributed: 1,829,562
Timeline:
Date of approval: 17 November 2022
Last day inclusive: 21 November 2022
Ex-date: 22 November 2022
Record date: 23 November 2022
Dividend payment date and delivery of Dividend Shares to shareholders: On or about 30 November 2022
This information is published in accordance with the requirements of the Continuing Obligations.
[email protected] www.bwoffshore.com
About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of 10 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo stock exchange.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act