SINGAPORE–(BUSINESS WIRE)–With reference to the stock market announcement dated August 15, 2024 regarding the acquisition of 12 modern very large gas carriers (VLGC) from Avance Gas Holdings Ltd (Avance Gas, stock code OSE: AGAS), BW LPG Limited (BW LPG or the Company, stock code OSE: BWLPG.OL, stock code NYSE BWLP) has taken delivery of the vessel BW Pampero on December 7, 2024. Seven of the 12 VLGCs are now delivered.
BW LPG today issued 1,350,000 new BW LPG shares to Avance Gas in partial consideration for the above vessel. Following the issuance of the new shares, the total number of issued shares of BW LPG is 150,991,000, representing a total share capital amounting to USD 476,847,298. The new shares have been legally and validly issued and are fully paid up.
Following the above issuance, Avance Gas holds 10,991,000 shares of BW LPG, representing approximately 7.28% of the capital.
About BW GPL
BW LPG is the world's leading owner and operator of LPG vessels, owning and operating very large gas carriers (VLGCs) with a total carrying capacity of over 3 million CBM. With five decades of operational experience in LPG transportation, 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 throughout of the LPG value chain. Further information about BW LPG is available at https://www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil and gas production and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of more than 450 vessels carrying oil, gas and dry commodities, with its 200 LNG and LPG vessels making up the largest gas fleet in the world. In the field of renewable energies, the group invests in solar energy, wind power, batteries, biofuels and water treatment.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241207621746/en/
For more information, please contact:
Kristian Sörensen, CEO, BW LPG
Samantha Xu, CFO, BW LPG
Email: invest.relations@bwlpg.com
Source: BW LPG Limited
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