6 March 2024 – On 5 March 2024, primary insiders of the Company have exercised vested options granted under LTIP 2017 and sold shares in BW LPG in the market in a joint sale. The exercised options will be settled by the Company by transfer of treasury shares which the Company has bought in the market for this purpose. Following the transfer, the Company will hold 8,328,338 treasury shares.
The total number of options and shares held by the relevant primary insiders following the exercise and share sale are as set out below:
Prodyut Banerjee, Vice President and Head of Operations
Options (granted in 2021) exercised, each having a strike price of NOK 0.1000: 22,720
Options held following the option exercise: 126,464
Total number of shares held following the option exercise: 22,720
Number of shares sold: 22,720
Average price sold at: NOK 109.7659 per share
Number of shares held following the sale: 0
Knut-Helge Knutsen, Vice President and Head of Technical
Options (granted in 2021) exercised, each having a strike price of NOK 0.10: 22,720
Options held following the option exercise: 126,464
Total number of shares held following the option exercise: 22,720
Number of shares sold: 22,720
Average price sold at: NOK 109.7659 per share
Number of shares held following the sale: 0
Attachment: 2024-03-06-MAR-Forms-Exercise-and-sale-of-options.pdf
For further information, please contact:
Samantha Xu, CFO
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 https://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 and article 19 of the EU Market Abuse Regulation.