BW LPG Limited - Results of Annual General Meeting 2024
BW LPG held its 2024 Annual General Meeting on 12 June 2024. Key resolutions included setting the number of Directors to a maximum of eight, re-electing six Directors, and re-appointing Andreas Sohmen-Pao as Chairman. The meeting also approved annual fees for Directors, re-appointed KPMG LLP as Auditors, and authorized the Board to determine their remuneration. Additionally, Directors were given the authority to purchase and issue shares as stated in the meeting agenda. BW LPG, a leading LPG vessel operator, offers integrated services along the LPG value chain.
- Re-election of experienced directors ensures continuity in leadership.
- Andreas Sohmen-Pao re-appointed as Chairman, providing stable governance.
- Approval of annual fees for Directors and Committee Members ensures financial clarity.
- KPMG LLP re-appointed as Auditors, maintaining auditing consistency.
- Authorization for Directors to purchase and issue shares offers financial flexibility.
- No new directors introduced, potential lack of fresh perspectives.
- Dependence on existing leadership without diversification could pose risks.
The following resolutions were passed:
- To determine that the number of Directors of the Company shall be up to eight.
-
To re-elect the following Directors as set out below:
- Mr. Andreas Sohmen-Pao
- Ms. Anne Grethe Dalane
- Ms. Sonali Chandmal
- Mr. Andrew E. Wolff
- Mr. Luc Gillet
- Mr. Sanjiv Misra - To re-appoint Mr. Andreas Sohmen-Pao to the office of Chairman of the Company for the ensuing year.
- To approve the annual fees payable to the Directors and Committee Members as reflected in Agenda item 7 of the Notice of Annual General Meeting.
- To approve the re-appointment of KPMG LLP as Auditors to hold office until the conclusion of the next annual general meeting and to authorise the Board of Directors to determine the Auditors’ remuneration.
- To authorise the Directors to purchase shares of the Company as set out in Agenda item 9 of the Notice of Annual General Meeting.
- To authorise the Directors to issue shares and/or instruments in the Company as set out in Agenda item 10 of the Notice of Annual General Meeting.
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/20240613374933/en/
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@bwlpg.com
Source: BW LPG Limited
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