Reference is made to the stock exchange notice published on 4 October 2023 regarding the completion of a block sale of existing shares in BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) by BW Group Limited.
BW Group Limited has sold 8,400,000 shares in BW LPG on 4 October 2023 at an average price of NOK 120.00 per share. Following this transaction, BW Group Limited holds 48,407,126 shares (34.58%) in BW LPG.
Kristian Sørensen, CEO of BW LPG was allocated 1,200 shares in the Offering at NOK120.00 per share. Following this transaction, Mr Sørensen holds 5,000 shares in BW LPG.
PDMR – BW Group
PDMR – Kristian Sørensen
For further information, please contact:
Kristian Sørensen
Chief Executive Officer
E-mail: [email protected]
Samantha Xu
Chief Financial Officer
E-mail: [email protected]
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, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, 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.