(Singapore, 30 August 2024)
With reference to the press release on 15 July 2024 for the accelerated vesting of options granted on 1 March 2022 under “LTIP 2022”, on 29 August 2024, primary insiders of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) have exercised these vested options and sold shares in BW LPG in the market. More details about the accelerated vesting of options can be found at: https://www.bwlpg.com/media/press-release/bw-lpg-limited-accelerated-vesting-of-ltip-2022-options/
The exercised options were settled by the Company by transfer of treasury shares. Following the transfer, the Company will hold 7,743,557 treasury shares.
The exercise of vested options and sale of shares by the primary insiders are as set out below:
Prodyut Banerjee, Vice President and Head of Operations
Options (granted in 2022) exercised, each having a strike price of NOK 0.7457: 24,840
Total number of shares held following the option exercise: 24,840
Number of shares sold: 24,840
Average price sold at: NOK 161.1115 per share
Number of shares held following the sale: 0
Knut-Helge Knutsen, Vice President and Head of Technical
Options (granted in 2022) exercised, each having a strike price of NOK 0.7457: 24,840
Total number of shares held following the option exercise: 24,840
Iver Baatvik, Vice President and Head of Corporate Development
Options (granted in 2022) exercised, each having a strike price of NOK 0.7457: 24,840
Total number of shares held following the option exercise: 24,840
Please refer to the attached for further details.
For further information, please contact:
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, an in-house LPG trading division and a growing presence in LPG terminal infrastructure and distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain. 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.
