BW LPG Limited - BW LPG Takes Delivery of Vessel BW Levant from Avance Gas
29 November 2024 - 9:30AM
Business Wire
With reference to the stock exchange announcement on 15 August
2024 for the acquisition of 12 modern Very Large Gas Carriers
(VLGCs) from Avance Gas Holdings Ltd (“Avance Gas”, OSE ticker
code: “AGAS”), BW LPG Limited (“BW LPG” or the “Company”, OSE
ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has taken
delivery of vessel BW Levant on 29 November 2024. Five of the 12
VLGCs are now delivered.
BW LPG has today issued 1,350,000 new BW LPG shares to Avance
Gas as part-consideration for the above vessel. Following the
issuance of the new shares, the total number of issued shares of BW
LPG is 147,500,000, representing a total share capital in the
amount of USD 416,627,548. The new shares have been legally and
validly issued and are fully paid.
Following the above issuance, Avance Gas holds 7,500,000 shares
in BW LPG, representing approximately 5.08% shareholding.
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 450 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241128335738/en/
Kristian Sørensen, CEO, BW LPG Samantha Xu, CFO, BW LPG E-mail:
investor.relations@bwlpg.com
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