BW LPG Limited - Mandatory Notification of Trade

Rhea-AI Summary

BW LPG announced that CEO Kristian Sørensen has purchased 1,000 shares at NOK 115 per share on December 19, 2024, bringing his total holdings to 6,000 shares. BW LPG is the world's leading owner and operator of LPG vessels, with a fleet of Very Large Gas Carriers (VLGC) having a total carrying capacity exceeding 3 million CBM. The company is associated with BW Group, which controls over 450 vessels, including the world's largest gas fleet of 200 LNG and LPG ships.

Positive

• CEO increases personal stake in company, demonstrating confidence in business outlook
• Company maintains position as world's leading VLGC operator with over 3 million CBM capacity

Negative

• None.

Insights

Financial Analyst

The CEO's purchase of 1,000 shares at NOK 115 per share represents a modest but symbolically important insider transaction. This <b>direct market purchase</b> signals management's confidence in BW LPG's future prospects, particularly noteworthy given the company's position as the world's leading VLGC operator. The transaction increases Kristian Sørensen's total holdings to 6,000 shares, demonstrating a personal financial commitment to the company's success. While the purchase amount is relatively small compared to BW LPG's market cap of $1.53B, insider buying often serves as a positive indicator for market sentiment. The timing is particularly interesting as it comes amid the global transition in maritime shipping towards cleaner fuels and increasing LPG trade flows. For retail investors, it's worth noting that BW LPG's dual listing on OSE and NYSE provides enhanced liquidity and trading opportunities.

Maritime Industry Expert

BW LPG's strategic positioning in the LPG shipping sector deserves attention, with their fleet capacity exceeding <b>3 million CBM</b>. The company's integration across the LPG value chain, including trading and terminal infrastructure, provides significant operational advantages in the current market. The backing of BW Group, with its impressive fleet of <b>over 450 vessels</b> and particular strength in gas transport with <b>200 LNG and LPG ships</b>, offers substantial competitive advantages in terms of operational scale and efficiency. Their diversification into renewables through the parent company also positions them well for the energy transition. The CEO's share purchase, while modest, demonstrates confidence in the company's strategic direction during a period of significant industry transformation.

SINGAPORE--(BUSINESS WIRE)-- Kristian Sørensen, Chief Executive Officer has purchased 1,000 shares in BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on 19 December 2024 at a price of NOK 115 per share. Following this transaction, Mr Sørensen holds 6,000 shares in BW LPG.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241219329634/en/

Kristian Sørensen, CEO, BW LPG

Samantha Xu, CFO, BW LPG

E-mail: investor.relations@bwlpg.com

Source: BW LPG Limited

FAQ

How many shares did BW LPG CEO Kristian Sørensen purchase on December 19, 2024?

CEO Kristian Sørensen purchased 1,000 shares at NOK 115 per share.

What is BW LPG's total vessel carrying capacity in CBM?

BW LPG's fleet of Very Large Gas Carriers (VLGC) has a total carrying capacity of over 3 million CBM.

How many shares does Kristian Sørensen own in BWLP after his recent purchase?

Following the transaction on December 19, 2024, Kristian Sørensen holds 6,000 shares in BW LPG.

How many vessels does BW Group's gas fleet include?

BW Group's gas fleet consists of 200 LNG and LPG ships, making it the largest gas fleet in the world.