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Kurs & Likviditet
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Land | Singapore |
---|---|
Lista | OBX |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2024-05-21 07:00:00
21 May 2024
Reference is made to the stock exchange announcement made by BW LPG Limited ("BW
LPG" or the "Company") on 16 May 2024 regarding the court sanctioned meeting of
shareholders of the Company (the "Scheme Meeting") for eligible shareholders to
vote on the scheme of arrangement (the "Scheme") between the Company and its
shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended
in order to effect a discontinuance of the Company from Bermuda and continuance
to Singapore and adopt the constitution of the Company which will take effect
upon continuance in Singapore (the "Singapore Constitution" and the
"Redomiciliation" respectively). Notice is hereby given that the Scheme Meeting
will be held on Wednesday, 12 June 2024 at 16:00 local time for the eligible
shareholders to vote on the Scheme.
The Scheme Meeting will be held as a physical meeting at Washington Mall Phase
2, 4th Floor, Suite 400, 22 Church Street, HM 1189, Hamilton, Bermuda.
Shareholders of record at the close of trading on 16 May 2024 are entitled to
receive notice and to vote at the Scheme Meeting in respect of the number of
shares registered in their name at the record date. Please see attached the
notice of the Scheme Meeting and an explanatory statement (including the Scheme
and the proposed constitution of the Company when it continues to Singapore)
which have been distributed to the shareholders today.
If the Scheme is approved at the Scheme Meeting, a subsequent hearing will be
held by the Supreme Court of Bermuda to sanction the Scheme. If the Scheme is
sanctioned by the court, then the Scheme will become binding on the Company and
its shareholders once a copy of the court order is filed with the Registrar of
Companies in Bermuda.
Subject to the conditions to the Scheme being satisfied or waived pursuant to
the terms of the Scheme, the Company shall effect the Redomiciliation, and the
Company's shareholders will on the effective date of the Redomiciliation
continue to hold one ordinary share of the Company for each common share held
prior to the Redomiciliation. Moreover, the principal attributes of the share
capital of the Company will be the same before and after the Redomiciliation,
and the Redomiciliation will not affect the voting rights for shares. However,
as the Company after the Redomiciliation will become a Singapore company, it
will be subject to Singapore corporate law and its bye-laws and memorandum of
association will be replaced with the Singapore Constitution.
For further information, please contact:
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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 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 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.