BW LPG Limited - Repurchase of own shares

Rhea-AI Summary

BW LPG has announced a share buyback program, purchasing 316,437 of its own ordinary shares between April 8-11, 2025, at an average price of USD 8.63 per share. The program allows for the purchase of up to 3 million ordinary shares with a maximum amount of USD 20 million.

Following these transactions, BW LPG now holds 7,939,347 treasury shares, representing 4.98% of total issued shares. The company, which is the world's leading owner and operator of LPG vessels, maintains a fleet of over 50 Very Large Gas Carriers (VLGCs) with a total carrying capacity exceeding 4 million CBM.

Positive

• Share buyback program of up to USD 20 million indicates strong financial position and commitment to shareholder value
• Market leadership position as world's largest LPG vessel operator
• Substantial fleet of over 50 VLGCs demonstrates significant market presence

Negative

• Treasury shares approaching 5% ownership level, which could limit future buyback flexibility

Insights

Financial Analyst

BW LPG's share repurchase program represents a strategic capital allocation decision with several positive implications for shareholders. The company purchased 316,437 shares at an average price of $8.63 per share as part of a broader authorization to repurchase up to 3 million shares for a maximum of $20 million.

The company now holds 7,939,347 treasury shares, representing 4.98% of total issued shares - notably just below the 5% threshold that often triggers additional regulatory requirements in many jurisdictions. This careful positioning demonstrates prudent management of their share repurchase strategy.

For context, the total potential buyback authorization of $20 million represents approximately 1.4% of BW LPG's current market capitalization. While modest in scale, share repurchases generally enhance shareholder value through several mechanisms: reducing outstanding shares improves earnings per share metrics, signals management's confidence in company fundamentals, and provides a tax-efficient method of returning capital to shareholders.

As the world's leading LPG vessel operator with over 50 Very Large Gas Carriers and integrated operations across the LPG value chain, BW LPG's decision to allocate capital toward share repurchases suggests confidence in their operational outlook and cash flow generation capabilities. The disciplined approach with predetermined limits indicates a balanced capital allocation strategy that maintains financial flexibility while still providing shareholder returns.

SINGAPORE--(BUSINESS WIRE)-- BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) has purchased a total of 316,437 of its own ordinary shares from 8 April 2025 to 11 April 2025 at an average price of USD 8.63 per share. The shares were purchased in accordance with the share buy-back program announced on 8 April 2025. Under the share buyback program, the Company may purchase up to 3 million ordinary shares for a maximum amount of USD 20 million.

After these transactions, BW LPG holds 7,939,347 of its ordinary shares, representing 4.98% of the total issued shares. The shares purchased will be held as Treasury Shares.

An overview of all transactions made under the program that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating a fleet of more than 50 Very Large Gas Carriers (VLGCs) with a total carrying capacity of over 4 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. Delivering energy for a better world - 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, and water treatment.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250415269092/en/

For further information, please contact



Kristian Sørensen

Chief Executive Officer

Samantha Xu

Chief Financial Officer

investor.relations@bwlpg.com

Source: BW LPG Limited

FAQ

How many shares did BW LPG (BWLP) repurchase in April 2025?

BW LPG repurchased 316,437 ordinary shares between April 8-11, 2025, at an average price of USD 8.63 per share.

What is the maximum size of BWLP's 2025 share buyback program?

The program allows for the purchase of up to 3 million ordinary shares with a maximum amount of USD 20 million.

What percentage of treasury shares does BWLP now hold after the April 2025 buyback?

After the transactions, BW LPG holds 7,939,347 shares as Treasury Shares, representing 4.98% of total issued shares.

What is the current fleet size of BW LPG (BWLP)?

BW LPG operates a fleet of more than 50 Very Large Gas Carriers (VLGCs) with a total carrying capacity of over 4 million CBM.