(Singapore, 28 March 2022)
BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 441,248 of its own common shares from 18 March 2022 to 24 March 2022 at an average price of NOK 53.8387 per share. The shares were purchased in accordance with the share buy-back programme announced on 8 December 2021 (https://www.bwlpg.com/media/press-release/bw-lpg-sells-two-vessels-and-initiates-share-buy-back-programme/).
After these transactions, BW LPG holds 6,837,736 of its common shares, representing 4.82% of the number of issued shares. The shares purchased will be held as Treasury Stock.
A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.
For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com
Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@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 and experienced seafarers and staff, BW LPG offers a 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 is information is subject to the disclosure requirements under the EU Market Abuse Regulation, Commission Regulation 2016/1052 and Section 5-12 of the Norwegian Securities Trading Act.
