(Singapore, 8 March 2022)
Reference is made to the previous stock exchange announcements by BW LPG Limited (“BW LPG” or the “Company”) regarding the management long-term share option plan implemented in 2017 (“LTIP 2017”).
On 7 March 2022, 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 6,094,052 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:
Niels Rigault, Executive Vice President, Commercial
Options (granted in 2018) exercised, each having a strike price of NOK 22.8522: 71,000
Options (granted in 2019) exercised, each having a strike price of NOK 10.6222: 113,600
Options held following the option exercise: 347,847
Total number of shares held following the option exercise: 184,600
Number of shares sold: 184,600
Average price sold at: NOK 49.8959 per share
Number of shares held following the sale: 0
Elaine Ong, Chief Financial Officer
Options (granted in 2019) exercised, each having a strike price of NOK 10.6222: 85,200
Options held following the option exercise: 255,564
Total number of shares held following the option exercise: 85,200
Number of shares sold: 85,200
Average price sold at: NOK 49.8959 per share
Number of shares held following the sale: 0
Pontus Berg, Executive Vice President, Technical & Operations
Options (granted in 2019) exercised, each having a strike price of NOK 10.6222: 51,120
Options held following the option exercise: 187,404
Total number of shares held following the option exercise: 51,120
Number of shares sold: 51,120
Average price sold at: NOK 49.8959 per share
Number of shares held following the sale: 0
Please refer to the attached for further details.
For further information, please contact:
Elaine Ong, CPA, CFA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com
Iver Baatvik
Head of Investor Relations and Corporate Development
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 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.
