BW LPG Limited - BW LPG Takes Delivery of Vessel BW Capella from Avance Gas
BW LPG has taken delivery of vessel BW Capella on November 20, 2024, marking the second delivery out of 12 Very Large Gas Carriers (VLGCs) being acquired from Avance Gas Holdings. As part of the transaction, BW LPG has issued 2,100,000 new shares to Avance Gas, bringing the total issued shares to 143,450,000 with a total share capital of USD 346,765,048. Following this issuance, Avance Gas now holds 3,450,000 shares in BW LPG, representing approximately 2.41% shareholding.
BW LPG ha ricevuto la nave BW Capella il 20 novembre 2024, segnando la seconda consegna di 12 Very Large Gas Carriers (VLGC) acquistati da Avance Gas Holdings. Come parte della transazione, BW LPG ha emesso 2.100.000 nuove azioni a favore di Avance Gas, portando il totale delle azioni emesse a 143.450.000, con un capitale sociale totale di USD 346.765.048. Dopo questa emissione, Avance Gas detiene ora 3.450.000 azioni in BW LPG, rappresentando circa il 2,41% della partecipazione azionaria.
BW LPG ha recibido el buque BW Capella el 20 de noviembre de 2024, marcando la segunda entrega de 12 Very Large Gas Carriers (VLGC) que se están adquiriendo de Avance Gas Holdings. Como parte de la transacción, BW LPG ha emitido 2,100,000 nuevas acciones a Avance Gas, aumentando el total de acciones emitidas a 143,450,000 con un capital social total de USD 346,765,048. Tras esta emisión, Avance Gas ahora posee 3,450,000 acciones en BW LPG, lo que representa aproximadamente el 2.41% de la participación accionarial.
BW LPG는 2024년 11월 20일 선박 BW Capella의 인도를 완료하였으며, 이는 Avance Gas Holdings로부터 인수하는 12척의 초대형가스운반선(VLGC) 중 두 번째 인도입니다. 이 거래의 일환으로, BW LPG는 Avance Gas에 2,100,000주의 신주를 발행하여 총 발행 주식 수를 143,450,000주로 늘리고, 총 자본금은 346,765,048달러에 이릅니다. 이번 주식 발행에 따라 Avance Gas는 BW LPG에서 3,450,000주를 보유하게 되며, 이는 약 2.41%의 지분을 나타냅니다.
BW LPG a pris livraison du navire BW Capella le 20 novembre 2024, marquant la deuxième livraison de 12 Very Large Gas Carriers (VLGC) acquises auprès de Avance Gas Holdings. Dans le cadre de la transaction, BW LPG a émis 2 100 000 nouvelles actions à Avance Gas, portant le total des actions émises à 143 450 000, avec un capital social total de 346 765 048 USD. Suite à cette émission, Avance Gas détient désormais 3 450 000 actions dans BW LPG, représentant environ 2,41 % de participation.
BW LPG hat am 20. November 2024 das Schiff BW Capella übernommen, was die zweite Lieferung von 12 Very Large Gas Carriers (VLGC) darstellt, die von Avance Gas Holdings erworben werden. Im Rahmen der Transaktion hat BW LPG 2.100.000 neue Aktien an Avance Gas ausgegeben, wodurch die insgesamt ausgegebenen Aktien auf 143.450.000 erhöht wurden, mit einem Gesamtkapital von 346.765.048 USD. Nach dieser Ausgabe hält Avance Gas jetzt 3.450.000 Aktien an BW LPG, was etwa 2,41 % des Anteils entspricht.
- Successful acquisition of second VLGC vessel strengthening fleet capacity
- Strategic fleet expansion through acquisition of 12 modern VLGCs
- Share dilution due to issuance of 2,100,000 new shares
Insights
The delivery of BW Capella marks the second vessel received from the strategic 12-VLGC acquisition deal with Avance Gas, demonstrating steady progress in BW LPG's fleet expansion strategy. The transaction structure, involving share-based payment, helps preserve cash while expanding capacity. The issuance of
This acquisition strengthens BW LPG's market position in the VLGC segment, which is important given the growing LPG trade volumes and strong freight rates. The modern vessels should contribute to operational efficiency and lower maintenance costs. With Avance Gas now holding a
BW LPG has today issued 2,100,000 new BW LPG shares to Avance Gas as part-consideration for the above vessels. Following the issuance of the new shares, the total number of issued shares of BW LPG is 143,450,000, representing a total share capital in the amount of
Following the above issuance, Avance Gas holds 3,450,000 shares in BW LPG, representing approximately
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241119854713/en/
For further information, please contact:
Kristian Sørensen, CEO, BW LPG
Samantha Xu, CFO, BW LPG
E-mail: investor.relations@bwlpg.com
Source: BW LPG Limited
FAQ
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