Kurs & Likviditet
Beskrivning
Land | Singapore |
---|---|
Lista | OBX |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2020-02-28 02:43:22
(Singapore, 28 February 2020) The Board of Directors of BW LPG Limited (“BW LPG” or the “Company”) has approved the award of share options to the senior management of BW LPG. This is the fourth annual award of share options under the five-year long-term management share option plan (“LTIP 2017”) which was launched on 21 April 2017. LTIP 2017 is aimed at aligning the interests of the senior management of the Company with those of the shareholders. Details of the plan can be found in the following link: https://www.bwlpg.com/investor-centre/press-releases/detail/Management-Share-Opt ion-Plan-LTIP-2017 The total number of options that will be awarded in 2020 is 335,120 options. The options will be awarded in connection with the publication of the quarterly report for Q4 2019. The Company will purchase 335,120 common shares, representing 0.2% of the total number of shares in issue, at a price of up to US$2.5 million. The shares will be purchased from the open market, commencing on 4 March 2020 and will continue until and including 10 March 2020. The following primary insiders of the Company have been awarded the fourth annual tranche of share options under LTIP 2017. The total number of shares (if any) held by these primary insiders are as set out below: Elaine Ong, Chief Financial Officer Options awarded in 2020: 85,200 Options awarded in 2019: 85,200 Options awarded in 2018: 49,700 Options awarded in 2017: 49,700 Shares held: 10,630 Niels Rigault, Executive Vice President, Commercial Options awarded in 2020: 113,600 Options awarded in 2019: 113,600 Options awarded in 2018: 71,000 Options awarded in 2017: 71,000 Shares held: 96,000 Pontus Berg, Executive Vice President, Technical and Operations Options awarded in 2020: 51,120 Options awarded in 2019: 51,120 Options awarded in 2018: 21,300 Options awarded in 2017: 21,300 Shares held: 6,495 Jo Moffat, Vice President, Product Services Options awarded in 2020: 39,760 Options awarded in 2019: 39,760 Shares held: NIL Prodyut Banerjee, Vice President, Operations Options awarded in 2020: 22,720 Options awarded in 2019: 22,720 Shares held: NIL Knut-Helge Knutsen, Vice President, Technical Options awarded in 2020: 22,720 Options awarded in 2019: 22,720 Shares held: NIL For further information, please contact: Elaine Ong, CPA, CA Chief Financial Officer BW LPG Limited Tel: +65 6705 5506 E-mail: elaine.ong@bwlpg.com Iver Baatvik Head of Investor Relations BW LPG Limited 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, one of the world's leading shipping groups. BW Group controls a fleet of over 360 ships which includes product tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, dry cargo carriers, crude oil supertankers and floating production storage and offloading (FPSO) units. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.