Kurs & Likviditet
Beskrivning
Land | Singapore |
---|---|
Lista | OBX |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2023-10-02 06:20:00
2 October 2023
With reference to the press release dated 6 July 2023, BW LPG Limited ("BW LPG",
the "Company", OSE ticker code: "BWLPG.OL") announces today that Kristian
Sørensen has assumed the role of Chief Executive Officer (CEO) of BW LPG with
effect from 1 October 2023.
The Board of Directors of BW LPG has approved the award of 100,000 share options
to Kristian Sørensen under the Management Share Option Plan "LTIP 2022" which
was launched on 1 March 2022.
The strike price for the options shall be equal to the sum of (i) the volume
weighted average share price quoted on the Oslo Stock Exchange for the five
trading days (from 2 October to 6 October) following this announcement (VWAP),
and (ii) 16% of the VWAP. These options will have a vesting period of three
years and will vest on the same schedule as the options granted on 28 February
2023. They may then be exercised in a period of three additional years.
The total number of options and shares held following the award are as set out
below:
Kristian Sørensen, Chief Executive Officer
Options granted on 28 February 2023: 120,647
Options granted on 1 October 2023: 100,000
Total options held: 220,647
Shares held: 3,800
For further information, please contact:
Kristian Sørensen
Chief Executive Officer
E-mail: kristian.sorensen@bwlpg.com
Samantha Xu
Chief Financial Officer
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 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 the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian
Securities Trading Act.