29 February 2024
The Board of Directors of BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) has approved the award of share options to senior management and certain employees of the Company.
This is the third annual award of share options under the five-year long-term management share option plan (“LTIP 2022”) which was launched on 1 Mar 2022. LTIP 2022 is aimed at aligning the interests of senior management and key employees of the Company with those of the shareholders. Details of the plan can be found in the following link: https://www.bwlpg.com/media/press-release/bw-lpg-management-share-option-plan-ltip-2022-award-of-share-options/
The total number of options that will be awarded in 2024 is 631,963. The options are awarded in connection with the publication of the quarterly report for Q4 2023.
The following primary insiders of the Company have been awarded options under LTIP 2022, as further described below and in the attached forms.
Kristian Sorensen, Chief Executive Officer
Options granted in 2024: 220,647
Samantha Xu, Chief Financial Officer
Options granted in 2024: 85,000
Prodyut Banerjee, Vice President and Head of Operations
Options granted in 2024: 50,812
Knut-Helge Knutsen, Vice President and Head of Technical
Options granted in 2024: 50,812
Iver Baatvik, Vice President and Head of Corporate Development
Options granted in 2024: 50,812
For further information, please contact:
Samantha Xu, CFO
E-mail: samantha.xu@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, 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.
