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BW LPG Limited - Management Share Option Plan “LTIP 2022” Sale of Shares by Primary Insider

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BW LPG has announced that a primary insider, Knut-Helge Knutsen, Vice President and Head of Technical, has sold shares in the company on 10 October 2024. This sale follows the accelerated vesting of options granted under 'LTIP 2022' announced on 15 July 2024 and the exercise of these options on 29 August 2024.

The details of the sale are as follows:

  • Total number of shares held after option exercise: 24,840
  • Number of shares sold: 24,840
  • Average price sold at: NOK 166.4458 per share
  • Number of shares held following the sale: 0

BW LPG is the world's leading owner and operator of LPG vessels, with a total carrying capacity of over 3 million CBM. The company is associated with BW Group, a global maritime company involved in various sectors including shipping, floating infrastructure, and sustainable technologies.

BW LPG ha annunciato che un dirigente di primaria importanza, Knut-Helge Knutsen, Vice Presidente e Responsabile Tecnico, ha venduto azioni della società il 10 ottobre 2024. Questa vendita è avvenuta dopo l’accelerazione della maturazione delle opzioni concesse nell’ambito del 'LTIP 2022' annunciato il 15 luglio 2024 e l’esercizio di queste opzioni il 29 agosto 2024.

I dettagli della vendita sono i seguenti:

  • Numero totale di azioni detenute dopo l'esercizio delle opzioni: 24.840
  • Numero di azioni vendute: 24.840
  • Prezzo medio di vendita: NOK 166,4458 per azione
  • Numero di azioni detenute dopo la vendita: 0

BW LPG è il principale proprietario e operatore di navi per GPL al mondo, con una capacità di carico totale di oltre 3 milioni di CBM. L'azienda è associata al BW Group, una società marittima globale coinvolta in vari settori tra cui il trasporto, le infrastrutture galleggianti e le tecnologie sostenibili.

BW LPG ha anunciado que un insider principal, Knut-Helge Knutsen, Vicepresidente y Jefe Técnico, ha vendido acciones de la compañía el 10 de octubre de 2024. Esta venta se produce tras la aceleración de la consolidación de opciones otorgadas bajo el 'LTIP 2022' anunciado el 15 de julio de 2024 y el ejercicio de estas opciones el 29 de agosto de 2024.

Los detalles de la venta son los siguientes:

  • Número total de acciones mantenidas después del ejercicio de opciones: 24,840
  • Número de acciones vendidas: 24,840
  • Precio medio de venta: NOK 166.4458 por acción
  • Número de acciones mantenidas tras la venta: 0

BW LPG es el principal propietario y operador de buques de GPL en el mundo, con una capacidad de carga total de más de 3 millones de CBM. La compañía está asociada con BW Group, una empresa marítima global involucrada en diversos sectores, incluidos el transporte, la infraestructura flotante y las tecnologías sostenibles.

BW LPG는 주요 내부자인 Knut-Helge Knutsen 부사장이 2024년 10월 10일 회사를 대상으로 주식을 판매했다고 발표했습니다. 이 판매는 2024년 7월 15일에 발표된 'LTIP 2022'에 따른 옵션의 가속화된 행사 후, 2024년 8월 29일에 이 옵션을 행사한 이후 이루어졌습니다.

판매의 세부 사항은 다음과 같습니다:

  • 옵션 행사 후 보유한 총 주식 수: 24,840
  • 판매한 주식 수: 24,840
  • 판매 평균 가격: 주당 NOK 166.4458
  • 판매 후 보유한 주식 수: 0

BW LPG는 세계에서 가장 큰 LPG 선박의 소유주이자 운영자로, 총 300만 CBM 이상의 운송 용량을 보유하고 있습니다. 이 회사는 선박 운송, 플로팅 인프라 및 지속 가능한 기술과 같은 다양한 분야에 관여하는 글로벌 해운 회사인 BW Group과 관련이 있습니다.

BW LPG a annoncé qu'un initié principal, Knut-Helge Knutsen, Vice-Président et Responsable Technique, a vendu des actions de la société le 10 octobre 2024. Cette vente fait suite à l'accélération de l'attribution d'options accordées dans le cadre du 'LTIP 2022' annoncé le 15 juillet 2024 et à l'exercice de ces options le 29 août 2024.

Les détails de la vente sont les suivants :

  • Nombre total d'actions détenues après l'exercice des options : 24 840
  • Nombre d'actions vendues : 24 840
  • Prix moyen de vente : 166,4458 NOK par action
  • Nombre d'actions détenues après la vente : 0

BW LPG est le principal propriétaire et opérateur de navires GPL au monde, avec une capacité de transport totale de plus de 3 millions de CBM. L'entreprise est associée au BW Group, une entreprise maritime mondiale impliquée dans divers secteurs, notamment le transport maritime, les infrastructures flottantes et les technologies durables.

BW LPG hat angekündigt, dass ein Hauptinsider, Knut-Helge Knutsen, Vizepräsident und Technikleiter, am 10. Oktober 2024 Aktien des Unternehmens verkauft hat. Dieser Verkauf folgt der beschleunigten Ausübung von Optionen, die im Rahmen des 'LTIP 2022' am 15. Juli 2024 angekündigt wurden und der Ausübung dieser Optionen am 29. August 2024.

Die Einzelheiten des Verkaufs sind wie folgt:

  • Gesamtanzahl der nach der Optionenübung gehaltenen Aktien: 24.840
  • Anzahl der verkauften Aktien: 24.840
  • Durchschnittlicher Verkaufspreis: NOK 166,4458 pro Aktie
  • Anzahl der nach dem Verkauf gehaltenen Aktien: 0

BW LPG ist der weltweit führende Eigentümer und Betreiber von LPG-Schiffen mit einer Gesamttransportkapazität von über 3 Millionen CBM. Das Unternehmen ist mit der BW Group verbunden, einem globalen maritimen Unternehmen, das in verschiedenen Sektoren tätig ist, darunter die Schifffahrt, schwimmende Infrastruktur und nachhaltige Technologien.

Positive
  • BW LPG is the world's leading owner and operator of LPG vessels
  • The company has a total carrying capacity of over 3 million CBM
  • BW LPG offers an integrated, flexible, and reliable service along the LPG value chain
Negative
  • A primary insider has sold all of their shares (24,840) in the company

SINGAPORE--(BUSINESS WIRE)-- With reference to the press release on 15 July 2024 for the accelerated vesting of options granted under “LTIP 2022”, and press release on 30 August 2024 for the exercise of these options, a primary insider of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has sold shares in BW LPG in the market on 10 October 2024.

The details on the sale of shares by the primary insider is as set out below:

Knut-Helge Knutsen, Vice President and Head of Technical
Total number of shares held following the option exercise on 29 August 2024: 24,840
Number of shares sold: 24,840
Average price sold at: NOK 166.4458 per share
Number of shares held following the sale: 0

Please refer to the attached for further details.

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 and article 19 of the EU Market Abuse Regulation.

For further information, please contact:

Samantha Xu

Chief Financial Officer

E-mail: investor.relations@bwlpg.com

Source: BW LPG Limited

FAQ

How many shares did Knut-Helge Knutsen sell in BW LPG (BWLP) on October 10, 2024?

Knut-Helge Knutsen, Vice President and Head of Technical at BW LPG, sold 24,840 shares on October 10, 2024.

What was the average price per share for the BW LPG (BWLP) stock sale on October 10, 2024?

The average price for the shares sold was NOK 166.4458 per share.

How many shares does Knut-Helge Knutsen hold in BW LPG (BWLP) after the sale on October 10, 2024?

Following the sale, Knut-Helge Knutsen holds 0 shares in BW LPG.

What is BW LPG's (BWLP) total carrying capacity for LPG vessels?

BW LPG has a total carrying capacity of over 3 million CBM for LPG vessels.

BW LPG Limited

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