BW LPG (BWLPG) 🚢

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BW LPG’s Financial Results for Q3 2022

(Singapore, 16 November 2022)

Highlights
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• Achieved Q3 2022 VLGC freight rates of USD 37,200 per calendar day
• Generated Q3 2022 Net Profit after Tax of USD 46.4 million or an earnings per share of USD 0.32
• Concluded the sale and delivery of one vessel in October 2022, generating approximately USD 44.2 million in liquidity and a net book gain of USD 2.3 million
• Declared a Q3 2022 cash dividend of USD 0.25 per share amounting to USD 33.3 million
• Received approval from the Spanish regulatory authority for the acquisition of Vilma Oil’s LPG trading operations

Financial Performance

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) reported a Q3 2022 Net Profit After Tax of USD 46.4 million, yielding an annualised return on equity of 12.5% with USD 57.8 million of free cash flow. EBITDA was USD 92.8 million for the quarter, and earnings per share was USD 0.32.

Net leverage ratio remained low at 24.6% in Q3 2022, mainly due to solid cash flows from operations and investing activities. Available liquidity was USD 365 million at the end of Q3 2022. On the back of another strong quarter, the Board has declared a cash dividend of USD 0.25 per share amounting to USD 33.3 million. This translates to a pay-out ratio of 77% of NPAT for the quarter.

Commercial Performance

Q3 2022 VLGC freight rates averaged USD 37,200 per calendar day, or USD 38,200 per available day with 98% commercial utilisation. Time Charter Equivalent (“TCE”) income was USD 130.0 million for Q3 2022, mainly due to higher LPG spot rates and higher fleet utilisation with the completion of the dual fuel propulsion engine retrofitting program in the previous quarter. This also includes a net positive impact of USD 3.0 million related to the effects of IFRS 15.

The acquisition of Vilma Oil’s LPG trading operations as earlier announced on 1 August 2022 has been approved by the Spanish regulatory authority. The transaction is expected to be completed by the end of the year.

The sale and delivery of BW Prince (2007-built, Hyundai Heavy Industries, Ulsan, Korea) for further trading was concluded in October 2022. The transaction generated approximately USD 44.2 million in liquidity and a net book gain of USD 2.3 million.

Technical Performance

The Company continues to benefit from operating the world’s largest fleet of LPG-powered Very Large Gas Carriers. Year-to-date, approximately 22,300 metric tons of LPG fuel were used, translating to over USD 6 million in savings from fuel price differentials and over 12,000 MT of carbon emissions saved compared to compliant fuel.

The Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) come into force on 1 January 2023. BW LPG has positioned itself well in anticipation of tightening environmental regulations, and we expect operations to remain business-as-usual with all vessels fulfilling their commercial obligations.

Market Outlook

For 2023, the Company remains optimistic despite growing macroeconomic concerns and continued geopolitical uncertainties. This is driven by record high gas production in the U.S., significant growth in the Middle East, and strong growth in European LPG imports. We expect continued strong growth in the Far East in 2023, driven by the completion of Chinese PDH plants.

Q3 2022 Earnings Presentation and Interim Financial Report

Please see attachments for the Q3 2022 Earnings Presentation and Interim Financial Report.

1. BW LPG Q3 2022 Earnings Presentation
2. BW LPG Q3 2022 Interim Financial Report

BW LPG will host an investor presentation of the financial results at 13:00hrs CET today. The presentation will be made by Anders Onarheim (CEO), Kristian Sørensen (Deputy CEO and Head of Strategy), Elaine Ong (CFO), Niels Rigault (EVP, Commercial) and Pontus Berg (EVP, Technical and Operations).

The presentation will be held live via Zoom. Please register in advance at the link below:
https://tinyurl.com/BWLPGQ32022EP

A recording of the presentation will also be available after the event on the Company’s website at: https://www.bwlpg.com/investors.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

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BW LPG Limited Ex Dividend USD 0.25 Today

(Singapore, 21 November 2022)

With reference to the press release dated 16 November 2022 on Key Information Relating to the Cash Dividend for Q3 2022, the shares of BW LPG Limited will be traded ex-dividend from today.
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For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

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BW LPG Concludes Acquisition of LPG Trading Operations from Vilma Oil

(Singapore, 24 November 2022)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) is pleased to announce that it has completed the acquisition of Vilma Oil’s LPG Trading Operations, a transaction that was previously announced on 1 August 2022.
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“This acquisition accelerates our ambition to expand our Product Services division,” says Anders Onarheim, CEO, BW LPG. “We welcome the team to BW LPG and look forward to working together on an expanded commercial platform, improving our ability to service our clients and adding value to our shareholders.”

For further information, please contact:

Anders Onarheim
Chief Executive Officer
E-mail: anders.onarheim@bwlpg.com

Elaine Ong
Chief Financial Officer
E-mail: elaine.ong@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

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Repurchase of Own Shares

(Singapore, 12 January 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 715,351 of its own common shares from 4 January 2023 to 11 January 2023 at an average price of NOK 68.3894 per share.
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The shares were purchased in accordance with the stock notice issued by the Company on 8 December 2021 regarding the Company initiating its share buy-back programme. The Company’s programme to buy back up to 10 million common shares from the open market for a maximum amount of USD 50 million as resolved by the Board of Directors of BW LPG is still ongoing, and the share buy-back programme is expected to continue until the end of May 2023 with a daily maximum threshold of 158,448 shares.

After these transactions, BW LPG holds 9,272,974 of its common shares, representing 6.53% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

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Repurchase of Own Shares

(Singapore, 20 January 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 97,992 of its own common shares from 12 January 2023 to 13 January 2023 at an average price of NOK 69.3767 per share. The shares were purchased in accordance with the share buyback program announced on 8 December 2021.
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After these transactions, BW LPG holds 9,370,966 of its common shares, representing 6.6% of the number of issued shares. The shares purchased will be held as Treasury Stock. A detailed overview of all transactions made under the buy-back program that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Repurchase of Own Shares

(Singapore, 30 January 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 114,868 of its own common shares on 25 January 2023 at an average price of NOK 69.79 per share. The shares were purchased in accordance with the share buyback program announced on 8 December 2021.
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After these transactions, BW LPG holds 9,485,834 of its common shares, representing 6.68% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back program that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

BW LPG’s Financial Results for Q4 and FY 2022

(Singapore, 28 February 2023)

Highlights and Subsequent Events
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• Achieved Q4 VLGC freight rates of USD 53,300 per calendar day
• Generated Q4 Net Profit after Tax (NPAT) of USD 95 million or an earnings per share of USD 0.69, after including a downward IFRS adjustment of USD 17 million
• Declared Q4 cash dividend of USD 0.52 per share amounting to USD 69 million
• Enhanced dividend policy from this quarter to a pay-out of 100% of NPAT when net leverage is below 20%
• Bought back 5.9 million shares at an average price of USD 5.99 per share
• Incorporated Vilma Oil’s LPG trading operations into BW Product Services in November
• Added nine vessels to pool, exercised purchase options for two vessels and sold four vessels in Q4 2022 and Q1 2023
• Locked in USD 27 million in net profit for 2023 on the TC-in book. For Q1 2023, ~84% of available fleet days have been fixed at an average rate of ~USD 56,000 per day

Financial Performance
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) reported a Q4 2022 Net Profit After Tax of USD 95 million (FY 2022: USD 239 million), yielding an annualised return on equity of 25% (FY 2022: 16%) with USD 326 million of free cash flow (FY 2022: USD 654 million). In Q4 2022, EBITDA was USD 139 million (FY 2022: USD 408 million), and earnings per share was USD 0.69 (FY 2022: USD 1.68).

Net leverage ratio remained low at 24% in Q4 2022, mainly due to solid cash flows from operations and investing activities. Available liquidity was USD 463 million at the end of Q4 2022. On the back of another strong quarter, the Board has declared a cash dividend of USD 0.52 per share amounting to USD 69 million. This translates to a dividend per share of USD 1.28 and total returns of USD 172 million to shareholders in FY 2022, representing a pay-out ratio of 76% of NPAT for FY 2022.

In line with its aim to return value to our shareholders, the Board has enhanced the Company’s dividend policy to target a quarterly pay-out ratio of 100% of NPAT when the net leverage ratio is below 20%. As of 31 December 2022, the Company has also purchased a total of 5.9 million common shares at an average price of USD 5.99 per share, amounting to USD 35 million since the start of its Share Buy-back program.

Commercial Performance
Q4 2022 VLGC freight rates averaged USD 53,300 per calendar day, or USD 55,000 per available day with 98% commercial utilisation. Time Charter Equivalent (“TCE”) income was USD 186 million for Q4 2022 (FY 2022: USD 568 million), mainly due to higher LPG spot rates and higher fleet utilisation. This also includes a net downward impact of USD 17 million related to the effects of IFRS 15 where spot voyages that straddle the quarter-end are now accounted for on a load to discharge basis. In addition, our India subsidiary continues to contribute stable TCE income of USD 28 million for Q4 2022 (FY 2022: USD 93 million) mainly from fixed-rate time charters.

The incorporation of Vilma Oil’s LPG trading operations into our Product Services business was completed in November at a transaction price of approximately USD 50 million for 85% of the company. By expanding BW Product Services, the Company adds another layer to its business model and increases its ability to adjust its market exposure.

In a strong second-hand market, BW LPG signed Memorandums of Agreement for the sale of BW Odin (2009-built, Hyundai Heavy Industries, Korea), BW Austria (2009-built, Daewoo Shipbuilding & Marine Engineering, Korea), and BW Thor (2008-built, Hyundai Heavy Industries, Korea), the latter in Q1 2023, for a total book gain of USD 42 million. As announced during BW LPG’s Q3 earnings presentation, the sale and delivery of BW Prince (2007-built, Hyundai Heavy Industries, Korea) was concluded in October 2022.

BW LPG has exercised purchase options for BW Messina (2017-built, Daewoo Shipbuilding & Marine Engineering Co) and BW Kyoto at attractive discounts and with expected deliveries in Q2 and Q4 respectively. The Company is pleased to announce the expansion of our Pool fleet, with contributions from Vitol, Exmar and BW Product Services. BW LPG Pool fleet comprises over 30 VLGCs which is the world’s largest VLGC pool. The Company has locked in USD 27 million net profit on the TC-in book for 2023, and has fixed approximately 84% of available fleet days in Q1 2023 at an average rate of USD 56,000 per day.

Market Outlook
For 2023, the Company remains optimistic amid high volatility. Key underlying drivers include strong US and steady Middle East export growth, starting up of Propane Dehydrogenation (PDH) plants in China post-Covid, and continued shipping inefficiencies from heavy dry-dock schedules and Panama Canal congestion.

Q4 and FY 2022 Earnings Presentation and Interim Financial Report
Please see attachments for the Q4 and FY 2022 Earnings Presentation and Interim Financial Report, and the BW LPG 2022 Integrated Annual Report.

1. BW LPG Q4 and FY 2022 Earnings Presentation
2. BW LPG Q4 and FY 2022 Interim Financial Report
3. BW LPG 2022 Integrated Annual Report
4. ESEF – iXBRL Reporting Package “5493006WBEME88YFDW23-2022-12-31-en”

BW LPG will host an investor presentation of the financial results at 13:00hrs CET today. The presentation will be made by Anders Onarheim (CEO), Kristian Sørensen (Deputy CEO and Head of Strategy), Elaine Ong (CFO), and Niels Rigault (EVP, Commercial).

The presentation will be held live via Zoom. Please register in advance at the link below:

http://bit.ly/BWLPGQ42022EP

A recording of the presentation will also be available after the event on the Company’s website at: https://www.bwlpg.com/investors.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Key Information Relating to the Cash Dividend for Q4 2022

(Singapore, 28 February 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) provides the following key information relating to its cash dividend for Q4 2022.
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Dividend amount: USD 0.52 or NOK 5.40 per share
Last day the stock is trading including the right to receive this dividend: 2 March 2023
Ex-date: 3 March 2023
Dividend payment date: 17 March 2023
Date of approval: 27 February 2023
Record date: 6 March 2023

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

BW LPG Management Share Option Plan “LTIP 2022” – Award of Share Options

(Singapore, 28 February 2023)

The Board of Directors of BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) has approved the award of share options to senior management and certain employees of the Company.
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This is the second annual award of share options under the five-year long-term management share option plan (“LTIP 2022”) which was launched on 1 Mar 2022. LTIP 2022 is aimed at aligning the interests of senior management and key employees of the Company with those of the shareholders. Details of the plan can be found in the following link: BW LPG Management Share Option Plan – Award of Share Options

The total number of options that will be awarded in 2023 is 752,282. The options are awarded in connection with the publication of the quarterly report for Q4 2022.

The following primary insiders of the Company have been awarded options under LTIP 2022, as further described in the attached forms. The total number of shares (if any) held by these primary insiders as set out below include deferred shares (options) under the LTIP 2017 (please see the Company’s stock exchange announcement of 21 April 2017 - Management Share Option Plan - Mandatory Notification - BW LPG ):

Anders Onarheim, Chief Executive Officer
Options granted in prior years: 639,125
Options granted in 2023: 200,000
Total options held: 839,125
Shares held: 50,000

Kristian Sorensen, Deputy Chief Executive Officer and Head of Strategy
Options granted in 2023: 120,647
Total options held: 120,647
Shares held: 0

Elaine Ong, Chief Financial Officer
Options granted in prior years: 255,564
Options granted in 2023: 85,164
Total options held: 340,728
Shares held: 0

Niels Rigault, Executive Vice President, Commercial
Options granted in prior years: 347,847
Options granted in 2023: 120,647
Total options held: 468,494
Shares held: 0

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

BW LPG Limited Ex Dividend USD 0.52 Today

(Singapore, 3 March 2023)

With reference to the press release dated 28 February 2023 on Key Information Relating to the Cash Dividend for Q4 2022, the shares of BW LPG Limited will be traded ex-dividend from today.
…

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For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Management Share Option Plan “LTIP 2017” – Exercise of options and sale of shares by primary insiders

(Singapore, 9 March 2023)

On 8 March 2023, primary insiders of the Company have exercised vested options granted under LTIP 2017 and sold shares in BW LPG in the market in a joint sale. The exercised options will be settled by the Company by transfer of treasury shares which the Company has bought in the market for this purpose. Following the transfer, the Company will hold 9,201,834 treasury shares.
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The total number of options and shares held by the relevant primary insiders following the exercise and share sale are as set out below:

Niels Rigault, Executive Vice President, Commercial
Options (granted in 2020) exercised, each having a strike price of NOK 32.5779: 113,600
Options held following the option exercise: 354,894
Total number of shares held following the option exercise: 113,600
Number of shares sold: 113,600
Average price sold at: NOK 88.188 per share
Number of shares held following the sale: 0

Elaine Ong, Chief Financial Officer
Options (granted in 2020) exercised, each having a strike price of NOK 32.5779: 85,200
Options held following the option exercise: 255,528
Total number of shares held following the option exercise: 85,200
Number of shares sold: 85,200
Average price sold at: NOK 88.188 per share
Number of shares held following the sale: 0

Please refer to the attached for further details.

For further information, please contact:

Elaine Ong, CPA, CFA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Investor Relations and Corporate Development
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Repurchase of Own Shares

(Singapore, 6 April 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 530,926 of its own common shares from 29 March 2023 to 5 April 2023 at an average price of NOK 78.2043 per share. The shares were purchased in accordance with the share buyback program announced on 8 December 2021.
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After these transactions, BW LPG holds 9,732,760 of its common shares, representing 6.86% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back program that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Update on BW LPG’s Product Services Q1 2023 Segment Performance

(Singapore, 13 April 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) today provides an update on its Product Services’ (“BW Product Services”) Q1 2023 segment performance.
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For the quarter ended 31 March 2023, BW Product Services made an estimated net profit of approximately USD 3 million. The net profit includes the value of the cargo and derivative positions based on 12 months forward rolling mark-to-market (M-t-M) valuation, adjusted for estimated costs from general and administrative expenses, taxes, and depreciation. The net profit excludes the M-t-M valuation of shipping positions as these are not accounted for on an M-t-M basis.

The average Value-At-Risk (VAR) for the quarter was approximately USD 5 million.

Says Anders Onarheim, BW LPG CEO, “We are pleased with how our first full quarter of operation after the Vilma-transaction has played out. We decided to conservatively adjust our portfolio to a Q1 market which traditionally is challenging while progressing further with the remaining parts of the company integration. Expectations are for increased activity in Q2 with an enhanced and scalable trading platform.”

BW LPG will release its Q1 2023 and interim Q1 2023 financial report on 23 May 2023.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Repurchase of Own Shares

(Singapore, 19 April 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 7,547 of its own common shares on 11 April 2023 at an average price of NOK 79.8050 per share. The shares were purchased in accordance with the share buyback program announced on 8 December 2021.
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After these transactions, BW LPG holds 9,740,307 of its common shares, representing 6.86% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back program that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

BW LPG Limited Annual General Meeting 2023 – Notice

(Singapore, 21 April 2023)

Notice is hereby given that the 2023 Annual General Meeting of BW LPG Limited will be conducted as per the details below:
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Date: Monday, 15 May 2023
Location: 18 Rebecca Road, Southampton SN04, Bermuda
Time: 1700hrs local time

Please see attached documents for:
– Chairman’s Letter
– Notice of the 2023 AGM
– Form of Proxy
– Recommendation from the Nomination Committee

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Board Resolution on Redomiciling to the Republic of Singapore

(Singapore, 21 April 2023)

The board of directors of BW LPG Limited (the “Company”) has proposed that the Company’s Annual General Meeting to be held on 15 May 2023 (the “AGM”) resolves to transfer the Company’s domicile from Bermuda to Singapore in accordance with the provisions of Section 132G of the Bermuda Companies Act 1981 as amended and Part 10A of the Singapore Companies Act 1967.
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The proposed re-domiciliation will be carried out by way of a continuance process, whereby the Company is discontinued in Bermuda and continued into Singapore as the same company. Under Singapore law, the transfer of domicile will be a direct re-domiciliation from Bermuda, and the Company will accordingly have the same assets and liabilities as prior to redomiciling. The board of directors will continue as the main corporate body of the company and the management of the Company will remain the same.

The Company’s name BW LPG and ticker on Oslo Børs will remain the same after the re-domiciliation. The Company will have a new company registration number and a new ISIN code following the re-domiciliation, but it will retain its LEI code. More information about the ISIN change will be published after the AGM. The Company’s new registered office following the re-domiciliation will be the current BW LPG office address in Singapore at 10 Pasir Panjang Road, #17-02 Mapletree Business City, Singapore 117438.

On the effective date of the re-domiciliation, the shareholders will hold one ordinary share of the Company for each common share held prior to the re-domiciliation. Moreover, the principal attributes of the share capital of the Company will be the same before and after the re-domiciliation, and the re-domiciliation will not affect the voting rights of the shares. However, the Company will be subject to Singapore corporate law and its bye-laws and memorandum of association will be replaced with a constitution for public companies in accordance with Singapore law which will be adopted by the AGM. The shares will continue to be freely transferable on Oslo Børs and be registered in the Norwegian Central Securities Depository, Euronext Securities Oslo, with DNB Bank ASA as registrar.

The re-domiciliation is subject to approval at the AGM and consents from various contract parties and regulatory authorities. The Company will communicate the expected effective date of the re-domiciliation, if resolved at the AGM, in due course.

For further information, please contact:

Anders Onarheim
Chief Executive Officer
E-mail: anders.onarheim@bwlpg.com

Elaine Ong
Chief Financial Officer
E-mail: elaine.ong@bwlpg.com

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 and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

BW LPG Limited – Results of Annual General Meeting 2023

(Singapore, 16 May 2023)

The Annual General Meeting 2023 (the “AGM”) of BW LPG Limited (the “Company”) was held on 15 May 2023. All proposed resolutions were resolved. Please see the attached document for the minutes of the meeting.
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Reference is made to the Company’s stock exchange announcement on 21 April 2023 regarding the board resolution on redomiciling to the Republic of Singapore. In accordance with the board of directors’ proposal, the AGM has resolved to transfer the Company’s domicile from Bermuda to Singapore in accordance with the provisions of Section 132G of the Bermuda Companies Act 1981 as amended and Part 10A of the Singapore Companies Act 1967. The Company will communicate the expected effective date of the redomiciliation in due course.

The AGM has elected Mr Luc Gillet as a new member of the Company’s board of directors. Mr Gillet is a graduated engineer from Ecole Nationale Supérieure de Techniques avancées (1980) and holds an EMBA of HEC (1991). He currently serves as an independent director of Orion Global Transport France (OGTF), an owner and operator of LNG vessels. Prior to this, Mr Gillet was Senior Vice President Shipping at TotalEnergies and President of the Chartering affiliate CSSA. Mr Gillet’s bio is available at the following link: https://tinyurl.com/BWLPG-Luc-Gillet

Ms Martha Kold Bakkevig, a member of the Company’s board of directors since August 2017 and a member of the Company’s remuneration committee since October 2018, has decided to step down as of 15 May 2023.

Chairman of the board of directors, Mr Andreas Sohmen-Pao, says: “Over the past six years, Ms Bakkevig has added a strong industrial perspective to the board. We are very grateful for her insights and contributions. We welcome Mr Gillet as a director with over 30 years of experience in energy shipping, and look forward to benefiting from his experience.”

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

Key Information Relating to the Cash Dividend for Q1 2023

(Singapore, 23 May 2023)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) provides the following key information relating to its cash dividend for Q1 2023.
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Dividend amount: USD 0.95 or NOK 10.328 per share
Last day the stock is trading including the right to receive this dividend: 25 May 2023
Ex-date: 26 May 2023
Dividend payment date: 16 June 2023
Date of approval: 12 May 2023
Record date: 30 May 2023

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

BW LPG’s Financial Results for Q1 2023

(Singapore, 23 May 2023)

Highlights and Subsequent Events
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• Strongest quarterly performance on record with highest-ever daily TCE of USD 58,700 per calendar day and USD 60,900 per available day
• Generated Q1 NPAT of USD 131 million which translates to an earnings per share of USD 0.95 (NOK 10.33)
• Declared Q1 cash dividend of USD 0.95 (NOK 10.33) per share, representing a pay-out ratio of 100% of NPAT and an annualised dividend yield of 43%
• High liquidity of USD 532 million and low net leverage ratio of 21%
• Sold three vessels at a combined premium of USD 43 million to book value, and welcomed six vessels to the pool fleet in Q1 and Q2 2023
• Fixed approximately 90% of available fleet days for Q2 2023 at an average rate of about USD 50,000 per day
• New USD 50 million share buy-back program resolved by the Board; to be executed as open market purchases or a tender offer with details to follow

Financial Performance

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) reported its strongest quarterly performance on record with highest ever daily Time Charter Equivalent (“TCE”) of USD 58,700 per calendar day. Net Profit After Tax (“NPAT”) for the quarter was USD 131 million, yielding an annualised return on equity of 33% with USD 171 million of free cash flow, and representing an earnings per share of USD 0.95.

Net leverage ratio was down to 21% in Q1 2023, mainly due to solid cash flows from operations and investing activities. Available liquidity was USD 532 million at the end of the quarter. On the back of the strongest quarter on record, the Board has declared a cash dividend of USD 0.95 which translates to an annualised dividend yield of 43% to shareholders and a pay-out ratio of 100% of NPAT. Due to the strong performance and market outlook, the Board has decided to pay a dividend of 100% of NPAT although net leverage is not yet below 20%.

Between 8 December 2021 and 11 April 2023, BW LPG has bought back a total of 7.3 million shares amounting to approximately USD 46 million. The Board has resolved to initiate a new share buy-back program for the purchase of shares up to a maximum of USD 50 million. Details on execution will be provided when the new share buy-back program is launched.

Commercial Performance

Q1 2023 VLGC freight rates averaged USD 58,700 per calendar day, or USD 60,900 per available day with 97% commercial utilisation. TCE income for the Shipping segment was USD 200 million for the quarter, mainly due to higher LPG spot rates and higher fleet utilisation. In addition, our Indian subsidiary continues to contribute stable TCE income of USD 24 million for Q1 2023, mainly from fixed-rate time charters and solid spot rates.

BW Product Services concluded its first full quarter of operations, delivering a net profit after tax of USD 3 million for the quarter and trading over 1 million MT of LPG.

The sale and delivery of BW Thor was concluded in Q1, and the same for BW Odin and BW Austria in Q2. In a strong second-hand market, the sale of the latter two vessels generated approximately USD 113 million in liquidity and a net book gain of approximately USD 26 million. BW LPG is pleased to welcome five vessels to the pool in Q1 and one additional vessel in Q2. BW Messina (2017-built, Daewoo Shipbuilding & Marine Engineering Co) was delivered to BW LPG in Q2, following the declaration of an attractive purchase option under the time charter agreement as reported in Q1.

Market Outlook

For 2023, the VLGC market looks strong but volatile. Key underlying drivers include solid US and steady Middle Eastern export growth, improved economics for Propane Dehydrogenation (PDH) plants in China and continued shipping inefficiencies. The high newbuilding prices also contribute to higher time charter rates.

Q1 2023 Earnings Presentation and Interim Financial Report

Please see attachments for the Q1 2023 Earnings Presentation and Interim Financial Report.

1. BW LPG Q1 2022 Earnings Presentation
2. BW LPG Q1 2022 Interim Financial Report

BW LPG will host an investor presentation of the financial results at 13:00hrs CET today. The presentation will be made by Anders Onarheim (CEO), Kristian Sørensen (Deputy CEO and Head of Strategy), Elaine Ong (CFO), and Niels Rigault (EVP, Commercial).

The presentation will be held live via Zoom. Please register in advance at the link below:

https://tinyurl.com/BWLPGQ12023EP

A recording of the presentation will also be available after the event on the Company’s website at: https://www.bwlpg.com/investors.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde

[TekBot]

BW LPG Limited Ex Dividend USD 0.95 Today

(Singapore, 26 May 2023)

With reference to the press release dated 23 May 2023 on Key Information Relating to the Cash Dividend for Q1 2023, the shares of BW LPG Limited will be traded ex-dividend from today.
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For further information, please contact:

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

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, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers. More information about BW LPG can be found at 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 490 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.

Kilde