BW LPG (BWLPG) 🚢

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Result of court hearing regarding the redomiciling to Singapore

16 May 2024

Reference is made to the stock exchange announcement made by BW LPG Limited ("BW LPG” or the “Company”) on 3 May 2024 regarding the board of directors proposal to implement a scheme of arrangement (the "Scheme”) between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the Company from Bermuda and continuance to Singapore.
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On 15 May 2024 the Supreme Court of Bermuda (the "Court”) held a hearing where the Court was asked to give directions as to the convening of a meeting of shareholders of the Company (the "Scheme Meeting”) that are eligible to vote on the Scheme. The Court ordered that the Scheme Meeting be held on 12 June 2024 (or such date not more than three months from 15 May 2024). Shareholders of record at the close of trading on 16 May 2024 (or such other date as the Company may decide) are entitled to receive notice and to vote at the Scheme Meeting in respect of the number of shares registered in their name at the record date. The notice of the Scheme Meeting and an explanatory statement (including the Scheme and the proposed constitution of the Company when it continues to Singapore) will be provided in due course.

For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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 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 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: Q1 2024 Financial Report Release and Earnings Presentation on 30 May 2024

(Singapore, 16 May 2024)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) will release its Q1 2024 Financial Report at approximately 0700hrs CET/ 0100hrs EDT on 30 May 2024.
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In connection with this release, BW LPG will hold an Earnings Presentation with Kristian Sørensen (CEO) and Samantha Xu (CFO). The details are as follows:

Date: Thursday, 30 May 2024

Location and Time
Oslo, Norway (13:00 CET/ UTC + 1 hours)
New York, USA (07:00 EDT/ UTC – 5 hours)
Singapore, Singapore (19:00 SGT/ UTC + 8 hours)

The financial results presentation will be held live via webcast and conference call. To attend the webcast, please register in advance at the link below:
Events Platform - Q4

Details to dial into the conference call are as follows:
Access code: 204800
Norway: +47 815 03 308
USA: +1 646 664 1960
Singapore: +65 3163 4602
Other location dial in details: https://tinyurl.com/bwlpgconcall2024

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

For further information, please contact:

Kristian Sørensen, CEO
Samantha Xu, CFO
E-mail: investor.relations@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 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 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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Notice of Scheme meeting regarding redomiciling to Singapore

21 May 2024

Reference is made to the stock exchange announcement made by BW LPG Limited ("BW LPG” or the “Company”) on 16 May 2024 regarding the court sanctioned meeting of shareholders of the Company (the “Scheme Meeting”) for eligible shareholders to vote on the scheme of arrangement (the “Scheme”) between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the Company from Bermuda and continuance to Singapore and adopt the constitution of the Company which will take effect upon continuance in Singapore (the “Singapore Constitution” and the “Redomiciliation” respectively). Notice is hereby given that the Scheme Meeting will be held on Wednesday, 12 June 2024 at 16:00 local time for the eligible shareholders to vote on the Scheme.
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The Scheme Meeting will be held as a physical meeting at Washington Mall Phase 2, 4th Floor, Suite 400, 22 Church Street, HM 1189, Hamilton, Bermuda. Shareholders of record at the close of trading on 16 May 2024 are entitled to receive notice and to vote at the Scheme Meeting in respect of the number of shares registered in their name at the record date. Please see attached the notice of the Scheme Meeting and an explanatory statement (including the Scheme and the proposed constitution of the Company when it continues to Singapore) which have been distributed to the shareholders today.

If the Scheme is approved at the Scheme Meeting, a subsequent hearing will be held by the Supreme Court of Bermuda to sanction the Scheme. If the Scheme is sanctioned by the court, then the Scheme will become binding on the Company and its shareholders once a copy of the court order is filed with the Registrar of Companies in Bermuda.

Subject to the conditions to the Scheme being satisfied or waived pursuant to the terms of the Scheme, the Company shall effect the Redomiciliation, and the Company’s shareholders will on the effective date of the Redomiciliation continue to hold one ordinary share of the Company for each common share held prior to the Redomiciliation. Moreover, the principal attributes of the share capital of the Company will be the same before and after the Redomiciliation, and the Redomiciliation will not affect the voting rights for shares. However, as the Company after the Redomiciliation will become a Singapore company, it will be subject to Singapore corporate law and its bye-laws and memorandum of association will be replaced with the Singapore Constitution.

For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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 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 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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Notice of Annual General Meeting 2024

21 May 2024

Notice is hereby given that the 2024 Annual General Meeting of BW LPG Limited will be conducted as per the details below:
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Date: Wednesday, 12 June 2024
Location: Washington Mall Phase 2, 4th Floor, Suite 400, 22 Church Street, HM 1189, Hamilton, Pembroke, HM EX, Bermuda
Time: 17:00hrs local time

Please see attached documents for the Notice of Annual General Meeting attaching Appendix A, Appendix B and Form of Proxy.

For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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 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 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 – Changes to Dial-in Details for Q1 2024 Financial Results Presentation

(Singapore, 27 May 2024)

With reference to the press release dated 16 May 2024, please note that the dial-in details for BW LPG Limited’s (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) Q1 2024 Financial Results Presentation have changed. The details are as follows:
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Date: Thursday, 30 May 2024

Location and Time:
Oslo, Norway (13:00 CET/ UTC + 1 hours)
New York, USA (07:00 EDT/ UTC – 5 hours)
Singapore, Singapore (19:00 SGT/ UTC + 8 hours)

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

https://bit.ly/BWLPGQ12024EP

A confirmation email will be sent, with information on how to join the Zoom meeting. A recording of the presentation will also be available after the event on the Company’s website at https://www.investor.bwlpg.com.

For further information, please contact:

Kristian Sørensen, CEO
Samantha Xu, CFO
E-mail: investor.relations@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

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BW LPG Limited - Financial Results for Q1 2024

(Singapore, 30 May 2024)

Highlights and Subsequent Events
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• Strong quarterly performance with daily TCE of USD 61,500 per available day and USD 59,400 per calendar day.
• Generated NPAT of USD 150 million or earnings per share of USD 1.07. Declared a Q1 cash dividend of USD 1.00 per share which represents 106% of earnings from the shipping activity and 93% of total earnings in the quarter.
• For the second quarter of 2024, we have fixed 84% at an average rate of ~USD 49,000 per available day
• BW Product Services generated a net accounting profit of USD 21 million in Q1 after adjusting for G&A and tax provisions.
• BW Product Services is pleased to announce a multi-year cargo contract with Enterprise Product Partners, with optionality to double the current cargo volume in the US Gulf. This will significantly improve the combined shipping and cargo trading flexibility.
• Delivered one VLGC to new owners for further trading in February 2024, generating USD 65 million in proceeds.
• BW LPG successfully listed on the New York Stock Exchange (NYSE) on 29 April 2024.

Financial Performance
BW LPG Limited (“BW LPG”, the “Company”, NYSE ticker code: “BWLP”, OSE ticker code: “BWLPG.OL”) reported a Q1 2024 Net Profit After Tax (NPAT) of USD 150 million, yielding an annualised return on equity of 37% with USD 468.5 million free cash flow generated. The Q1 operating profit was USD 157.8 million, and earnings per share was USD 1.07.

The net leverage ratio was at an all-time low at 7% in Q1 with available liquidity at USD 661 million at the end of the quarter. On the back of another strong quarter, the Board has declared a cash dividend of USD 1.00 per share, or a total dividend of USD 132 million. This represents a 93% earnings payout ratio and an annualised dividend yield of 22%.

Commercial Performance
Shipping – Q1 VLGC freight rates averaged USD 61,500 per available day or USD 59,400 per calendar day, with 95% fleet utilisation. Time Charter Equivalent (TCE) income was USD 186.5 million for the quarter, and our India subsidiary contributed a stable TCE income of USD 10 million for Q1.

BW LPG delivered BW Princess (2008-built, Hyundai Heavy Industries, Korea) in February 2024 to new owners for further trading. Her sale generated USD 65 million in proceeds and a net book gain of USD 20 million.

Product Services – Product Services reported a USD 33 million gross profit for Q1. After considering other expenses, comprising mainly of G&A and income tax expenses, Product Services reported a net profit after tax of USD 21 million for the quarter.

Corporate Update
BW LPG successfully listed on the New York Stock Exchange (NYSE) on 29 April 2024, while maintaining the current listing on the Oslo Stock Exchange (OSE). The Company thanks all stakeholders and shareholders for their support and looks forward to increasing the presence in the largest capital market in the world.

The Company is in the process of redomiciling from Bermuda to Singapore. A Scheme Meeting will be held in Bermuda on 12 June. More information is available in the press release dated 21 May 2024 “BW LPG Limited – Notice of Scheme meeting regarding redomiciling to Singapore”.

Market Outlook
At the start of 2024, VLGC spot rates for the US/Far East route soared to nearly $140,000/day.

However, as in previous years during January and February, a cold snap in the US increased domestic demand for LPG and temporarily reduced production, leading to a significant rise in US LPG prices. Concurrently, demand in the Far East declined resulting in falling LPG prices in Asia. Following a decrease in fixing activity and a rapid collapse of the US/Far East LPG price arbitrage during January and early February, spot rates fell by approximately 90% during that period.

After spot rates bottomed out around OPEX levels in early February, the market experienced a significant recovery, driven by recalibrated product prices and strong US LPG export growth. The EIA reports that YTD average net propane exports from the US have increased by 14% compared to the same period in 2023. The demand side also picked up, and China’s imports of LPG delivered on VLGCs grew by 6% in the first quarter of 2024 compared to the same period last year. By the end of May, spot rates reached the high $60,000s/day.

The futures market reflects continued strength in spot earnings, trading in the low to mid $60,000s/day for the remainder of 2024.

Transit restrictions in the Panama Canal changed more rapidly than anticipated in January, allowing more VLGCs to transit through the Canal. By the end of the first quarter, the number of daily slots had normalized to levels seen in the summer of 2023. However, we anticipate that congestion may occur from time to time, depending on usage by container and LNG vessels, and the canal’s water level.

At the beginning of 2024, the global VLGC fleet stood at 378 vessels. Since then, 16 VLGCs have been added, bringing the current fleet to 394. Over the next 18 months, we observe a sharply abating number of newbuildings for delivery, with six additional VLGCs to be added for the remainder of 2024 and 13 scheduled for delivery in 2025.

Q1 2024 Earnings Presentation and Interim Financial Report
Please see the attachments for the Q1 2024 Earnings Presentation and Interim Financial Report.

• BW LPG Q1 2024 Earnings Presentation
• BW LPG Q1 2024 Interim Financial Report

BW LPG will present its financial results at 13:00hrs CET today. The presentation will be hosted by Kristian Sørensen (CEO) and Samantha Xu (CFO).

With reference to the press release dated 16 May 2024, please note the change in dial-in details for the Presentation. The Presentation will be held live via Zoom. Please register at the link below:

https://bit.ly/BWLPGQ12024EP

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

For further information, please contact:

Kristian Sørensen, CEO
Samantha Xu, CFO
E-mail: investor.relations@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 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 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 – Key information relating to the cash dividend for Q1 2024

(Singapore, 30 May 2024)

BW LPG Limited (“BW LPG" or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) provides the following key information relating to the Company’s cash dividend for Q1 2024:
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Dividend amount: USD 1.00 per share. Dividends payable to shares registered with Euronext VPS will be distributed in NOK.
Date of approval: 29 May 2024
Record date: 10 June 2024

Shares registered with Euronext VPS Oslo Stock Exchange

Last trading day including the right to receive this dividend: 6 June 2024
Ex-date: 7 June 2024
Dividend payment date: On or about 28 June 2024

Shares registered with Depository Trust Company

Last trading day including the right to receive this dividend: 7 June 2024
Ex-date: 10 June 2024
Dividend payment date: On or about 25 June 2024

For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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 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 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 1.00 on the Oslo Stock Exchange today

(Singapore, 7 June 2024)

With reference to the press release dated 30 May 2024 by BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on key information relating to the cash dividend for Q1 2024, the shares of the Company will be traded ex-dividend on the Oslo Stock Exchange from today and from 10 June 2024 on the New York Stock Exchange.
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For further information, please contact:

Samantha Xu
Chief Financial Officer
investor.relations@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, 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.

Kilde

[TekBot]

BW LPG Limited - Results of Annual General Meeting 2024

(Singapore, 13 June 2024)

BW LPG limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) advises that the 2024 Annual General Meeting was held on 12 June 2024 at 17:00 (Bermuda time) at the registered office of the Company, Washington Mall Phase 2 4th Floor Suite 400, 22 Church Street, HM 1189, Hamilton HM EX, Bermuda.
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The following resolutions were passed:

1. To determine that the number of Directors of the Company shall be up to eight.

2. 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

3. To re-appoint Mr. Andreas Sohmen-Pao to the office of Chairman of the Company for the ensuing year.

4. 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.

5. 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.

6. To authorise the Directors to purchase shares of the Company as set out in Agenda item 9 of the Notice of Annual General Meeting.

7. 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.

For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, 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.

Kilde

[TekBot]

BW LPG Limited - Results of Scheme meeting held regarding Redomiciliation to Singapore

(Singapore, 13 June 2024)

Reference is made to the stock exchange announcement made by BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on 21 May 2024 regarding the notice of a court sanctioned meeting of shareholders of the Company (the “Scheme Meeting”) for eligible shareholders to vote on the scheme of arrangement (the “Scheme”) between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the Company from Bermuda and continuance to Singapore and adopt the constitution of the Company which will take effect upon continuance in Singapore (the “Redomiciliation”).
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The Scheme Meeting was held on 12 June 2024, with the Scheme being approved by the Company’s shareholders at the meeting.

There will be a subsequent court hearing on 20 June 2024 at 9:30 a.m. (Bermuda time) at which the Company shall petition the Supreme Court of Bermuda (the “Court”) to sanction the Scheme (the “Sanction Hearing”). If the Scheme is sanctioned by the Court, then the Scheme will become binding on the Company and its shareholders once a copy of the court order is filed with the Registrar of Companies in Bermuda.

Shareholders of the Company are entitled to appear at the Sanction Hearing. Shareholders who wish to appear in court are encouraged to adopt one of the procedures noted on pages 14 and 15 of the Explanatory Statement of the Company in relation to the Scheme dated 21 May 2024.

The Company expects that the Redomiciliation will come into effect on or around 1 July 2024, subject to the sanction by the Court, the filing of the court order, the final approval by the Singapore Accounting and Corporate Regulatory Authority and the satisfaction or waiver of all conditions to the Scheme as set out in the Scheme.

For further information, please contact:
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, 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.

Kilde

[TekBot]

BW LPG Limited - Result of subsequent court hearing regarding the redomiciling to Singapore

Singapore, 21 June 2024

Reference is made to the stock exchange announcement made by BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on 13 June 2024 regarding the subsequent court hearing (the “Sanction Hearing”) at which the Company was to petition the Supreme Court of Bermuda (the “Court”) to sanction the scheme of arrangement (the “Scheme”) between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the Company from Bermuda and continuance to Singapore and adopt the constitution of the Company which will take effect upon continuance in Singapore (the “Redomiciliation”). The Court held the Sanction Hearing on 20 June 2024 where the Court sanctioned the Scheme.
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A copy of the court order is expected to be filed with the Registrar of Companies in Bermuda on or around 25 June 2024, upon which the Scheme will become binding on the Company and its shareholders.

The Company expects that the Redomiciliation will come into effect on or around 1 July 2024, subject to the filing of the court order, the final approval by the Singapore Accounting and Corporate Regulatory Authority and the satisfaction or waiver of all conditions to the Scheme as set out in the Scheme. The Company will have a new company registration number and the Company’s shares will be registered under a new ISIN code for trading on the Oslo Stock Exchange and a new CUSIP code for the trading on the New York Stock Exchange due to the Redomiciliation. BW LPG has not yet received a new ISIN or CUSIP code, but it is anticipated that trading will start under the new ISIN and CUSIP codes on or around 5 July 2024, subject to the completion of the Redomiciliation and the Depository Trust Company (the “DTC”) approving the eligibility of the new CUSIP. The Company’s common shares will remain trading on the Oslo Stock Exchange under the ticker “BWLPG” and the New York Stock Exchange under the ticker “BWLP” during the process on change of ISIN and CUSIP codes.

For further information, please contact:
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, 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 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]

Financial calendar

Financial calendar for BW LPG Limited

FINANCIAL YEAR 2024
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22.08.2024 - Half-yearly Report

02.12.2024 - Quarterly Report - Q3

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

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BW LPG Limited: Successful completion of the redomiciliation to Singapore

Singapore, 1 July 2024

Reference is made to the stock exchange announcement made by BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on 21 June 2024 regarding the subsequent court hearing (the “Sanction Hearing”) at which the Supreme Court of Bermuda (the “Court”) sanctioned the scheme of arrangement (the “Scheme”) between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the Company from Bermuda and continuance to Singapore and adopt the constitution of the Company which will take effect upon continuance in Singapore (the “Redomiciliation”). The court order has been filed with the Registrar of Companies in Bermuda and the Company has obtained the final approval by the Singapore Accounting and Corporate Regulatory Authority.
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All conditions to the Scheme as set out in the Scheme have been satisfied or waived, the Redomiciliation has become effective, and the Company is incorporated in Singapore, as of today. The Company’s registration number in Singapore is 202426186Z. The Company has applied for a new ISIN code and a new CUSIP code and will make a further announcement with the new ISIN code and the new CUSIP code in due course.

For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, 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 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: Key information relating to change of ISIN and CUSIP

Singapore, 2 July 2024

Reference is made to the stock exchange announcement made by BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on 1 July 2024 regarding the successful completion of the discontinuance of the Company from Bermuda and continuance to Singapore (the “Redomiciliation”).
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The Redomiciliation entails a change of the ISIN code for the Company’s shares traded on the Oslo Stock Exchange and a change of the CUSIP code for the shares traded on the New York Stock Exchange. Please note the following key information regarding the ISIN and CUSIP change:

Issuer: BW LPG Limited

Previous ISIN: BMG173841013
New ISIN: SGXZ69436764
Date of ISIN change: 5 July 2024

Previous CUSIP: G17384101
New CUSIP: Y10230103
Date of CUSIP change: 5 July 2024

For further information, please contact:
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, 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 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 – Accelerated vesting of LTIP 2022 options

Singapore, 15 July 2024

In 2022, the Board of Directors of BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) established a long-term incentive plan (the “LTIP 2022”) for the senior management and key employees of the Company. Details of LTIP 2022 can be found at:
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https://www.bwlpg.com/media/press-release/bw-lpg-management-share-option-plan-ltip-2022-award-of-share-options/

Following a three-year vesting period, the first tranche of share options granted on 1 March 2022 (“Share Options 2022”) under LTIP 2022 is scheduled to vest on 1 March 2025. With the dividend-adjusted strike price now less than NOK 1, the Company’s Board of Directors has decided to grant an accelerated vesting for the 503,889 outstanding options under Share Options 2022 for the relevant participants. Therefore, these options will vest on 23 August 2024. The settlement of Share Options 2022 will be done via the delivery of the Company’s treasury shares.

For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, 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 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 - Update on BW LPG’s Product Services Q2 2024 Segment Performance

(Singapore, 17 July 2024)

BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) today provides an update on its Product Services’ (“BW Product Services”) Q2 2024 segment performance. For the quarter ended 30 June 2024, BW Product Services reported an estimated gross profit of approximately USD 26 million. Gross profit represents the realised trading profit plus net derivative gains and losses from open cargo contracts and hedging transactions.
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After general and administrative expenses and income taxes, BW Product Services made an estimated net profit of approximately USD 16 million for the quarter.

In Q1 2024, the Board of BW Product Services approved a USD 30 million share capital reduction which was finalised during Q2 2024. Post capital reduction, BW Product Services reported a book equity of approximately USD 68 million for the quarter ended 30 June 2024.

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

BW LPG will release its Q2 2024 financial report on 22 August 2024.

For further information, please contact:

Kristian Sørensen
Chief Executive Officer

Samantha Xu
Chief Financial Officer

E-mail: investor.relations@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, 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 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 - Update on BW LPG’s Product Services Q2 2024 Segment Performance

(Singapore, 17 July 2024)

BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) today provides an update on its Product Services’ (“BW Product Services”) Q2 2024 segment performance. For the quarter ended 30 June 2024, BW Product Services reported an estimated gross profit of approximately USD 26 million. Gross profit represents the realised trading profit plus net derivative gains and losses from open cargo contracts and hedging transactions.
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After general and administrative expenses and income taxes, BW Product Services made an estimated net profit of approximately USD 16 million for the quarter.

In Q1 2024, the Board of BW Product Services approved a USD 30 million share capital reduction which was finalised during Q2 2024. Post capital reduction, BW Product Services reported a book equity of approximately USD 68 million for the quarter ended 30 June 2024.

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

BW LPG will release its Q2 2024 financial report on 22 August 2024.

For further information, please contact:

Kristian Sørensen
Chief Executive Officer

Samantha Xu
Chief Financial Officer

E-mail: investor.relations@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, 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 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 – Q2 2024 Financial Report Release and Earnings Presentation on 22 August 2024

(Singapore, 8 August 2024)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) will release its Q2 2024 Financial Report at approximately 0700hrs CET/ 0100hrs EDT on 22 August 2024.
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In connection with this release, BW LPG will hold an Earnings Presentation with Kristian Sørensen (CEO) and Samantha Xu (CFO). The details are as follows:

Date: Thursday, 22 August 2024

Location and Time
Oslo, Norway (14:00 CET/ UTC + 1 hours)
New York, USA (08:00 EDT/ UTC – 5 hours)
Singapore, Singapore (20:00 SGT/ UTC + 8 hours)

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

https://bit.ly/BWLPGQ22024EP

A confirmation email will be sent, with information on how to join the Zoom meeting. A recording of the presentation will also be available after the event on the Company’s website at https://www.investor.bwlpg.com.

For further information, please contact:

Kristian Sørensen, CEO
Samantha Xu, CFO
E-mail: investor.relations@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 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.

Kilde

[TekBot]

OSLO BØRS – TRADING SUSPENSION

A suspension of trading in BW LPG Limited has been imposed in anticipation of an announcement from the company.
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Kilde

[TekBot]

BW LPG Limited – Notice of Upcoming Conference Call on 15 August 2024

(Singapore, 15 August 2024)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) will, in conjunction with the announcement made on 15 August 2024 regarding the acquisition of 12 modern VLGCs from Avance Gas, hold a conference call to discuss an Investor Presentation. The call will be hosted by Kristian Sørensen (CEO) and Samantha Xu (CFO).
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The details are as follows:

Date:
15 August 2024, Thursday

Location and Time:
Oslo, Norway (15:00 CET/ UTC + 1 hours)
New York, USA (09:00 EDT/ UTC – 5 hours)
Singapore, Singapore (21:00 SGT/ UTC + 8 hours)

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

https://bit.ly/BWLPG_IPAug2024

A confirmation email will be sent, with information on how to join the Zoom meeting. A recording of the presentation will also be available after the event on the Company’s website at https://www.investor.bwlpg.com.

For further information, please contact:
Kristian Sørensen, CEO
Samantha Xu, CFO
E-mail: investor.relations@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 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.

Kilde