BW LPG (BWLPG) 🚢

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Disclosure of Major Shareholding in Avance Gas Holding

(Singapore, 22 December 2020)

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BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) has purchased 5,900,000 shares in Avance Gas Holding Ltd (OSE ticker code: “AGAS”) on 21 December 2020, which represents 9.14% of shares and voting rights. Following this transaction, BW LPG owns 5,900,000 shares (9.14%) in Avance Gas Holding Ltd.

For further information, please contact:

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

Elaine Ong
Chief Financial Officer
Tel: +65 6705 5506
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, one of the world’s leading shipping groups. BW Group controls a fleet of over 360 ships which includes product tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, dry cargo carriers, crude oil supertankers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 4-3 of the Norwegian Securities Trading Act.

Kilde

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BW LPG’S Q4 2020 and FY 2020 Financial Results Presentation to be Held on 1 March 2021

(Singapore, 15 February 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) will release its fourth quarter and financial year 2020 results at approximately 0800hrs CET on 1 March 2021.
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In connection with its fourth quarter and financial year 2020 earnings release, BW LPG will hold an investor presentation with Anders Onarheim (CEO), Elaine Ong (CFO), Niels Rigault (EVP, Commercial) and Pontus Berg (EVP, Technical and Operations). The details are as follows:

Date: Monday, 1 March 2021

Location Local Time Universal Time
Oslo, Norway 13:00 CET UTC + 1 hours
New York, USA 07:00 EST UTC - 5 hours
Singapore 20:00 SGT UTC + 8 hours

The investor presentation will be available via audio webcast which can be accessed at https://edge.media-server.com/mmc/p/9bwrcxqg.

The webcast will be available on BW LPG’s website, www.bwlpg.com, as soon as possible after the presentation.

Please dial in 10-15 minutes prior to the scheduled start time with the respective telephone numbers and conference ID provided below.

Conference ID: 7562359

Standard International Dial-in Number: +65 6713 5090

Country Dial-in Number
Norway 80010719
USA 18665194004
UK 08082346646
Canada 18663861016
China 4006208038
Hong Kong 800906601
Japan 0120925376

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, one of the world’s leading shipping groups. BW Group controls a fleet of over 360 ships which includes product tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, dry cargo carriers, crude oil supertankers and floating production storage and offloading (FPSO) units.

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’s Financial Results for Q4 and FY 2020, 2020 Annual Report and 2020 Sustainability Report

(Singapore, 1 March 2021)

Highlights for the Quarter
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• Achieved Q4 2020 VLGC freight rates of USD 37,300 per calendar day, or USD 40,700 per available day with 97% commercial utilisation
• Generated Q4 2020 net profit after tax of USD 77 million or an earnings per share of USD 0.55. For FY 2020, net profit after tax was USD 244 million or an earnings per share of USD 1.76
• Declared Q4 2020 cash dividend of USD 0.34 per share bringing total dividends declared for 2020 to USD 0.84 per share
• Achieved FY2020 return on equity of 20% with USD 331 million of free cash flow
• BW Gemini, BW Leo, BW Orion and BW Libra, the world’s first VLGCs to be retrofitted with pioneering LPG propulsion technology, were redelivered on budget and with zero safety incidents. They offer the sector’s lowest emissions profile for long-haul voyages

Financial Performance

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) reported a Q4 2020 net profit after tax of USD 77 million and a FY 2020 net profit after tax of USD 244 million, yielding a FY 2020 annualised return on equity of 20% with USD 331 million of free cash flow.

Time Charter Equivalent (TCE) income amounted to USD 138 million in Q4 2020 and USD 551 million in FY 2020. EBITDA was USD 107 million for the quarter and USD 414 million FY 2020, representing an EBITDA margin of approximately 78% and 75% respectively. Earnings per share was USD 0.55 in Q4 2020 and USD 1.76 in FY 2020.

The Board has declared a Q4 2020 cash dividend of USD 0.34 per share amounting to USD 47 million. With this dividend, BW LPG has paid USD 0.84 per share in FY 2020, representing about 50% of FY2020 earnings per share. The shares will be traded ex-dividend on and from 4 March 2021. The dividend will be payable on or about 16 March 2021 to shareholders on record as of 5 March 2021.

Market Outlook

Q3’s strong “V-shape” recovery in VLGC freight rates continued in Q4, supported by robust US LPG exports, widening LPG price arbitrage due to strong heating demands from Asia, and long-waiting times for transits at the Panama Canal. At its peak, rates jumped to over USD 100,000/day.

However, VLGC freight rates came down significantly in late January, and we expect the market to be under pressure in Q2 2021. BW LPG has fixed approximately 80% of Q1 2021 Spot and Time charter available days at an average rate of USD 41,000 per day, on a discharge-to-discharge basis.

Despite the recent correction in VLGC freight rates, we continue to hold a positive outlook for the medium term VLGC market. This is driven by continued high shipping inefficiencies, resilient US LPG production, gradual recovery in Middle East Production and strong underlying demand for LPG.

Q4 and FY 2020 Quarterly Report, 2020 Annual Report and 2020 Sustainability Report

Please see attachments for the Q4 and FY 2020 financial reports, presentation, 2020 Annual Report and our inaugural 2020 Sustainability Report.

1. BW LPG Q4 2020 Financial Results Presentation
2. BW LPG Q4 2020 Condensed Consolidated Interim Financial Information
3. BW LPG 2020 Annual Report
4. BW LPG 2020 Sustainability 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), Elaine Ong (CFO), Niels Rigault (EVP, Commercial) and Pontus Berg (EVP, Technical and Operations).

The presentation will be available via audio webcast which can be accessed at https://edge.media-server.com/mmc/p/9bwrcxqg. The webcast will be available on BW LPG’s website, www.bwlpg.com, as soon as possible after the presentation.

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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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 Key Information Relating to the Cash Dividend for Q4 2020

(Singapore, 1 March 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) provides the following key information relating to its cash dividend for Q4 2020.
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Dividend amount: USD 0.34 per share
Declared currency: USD
Date of approval: 16 February 2021
Last day including right: 3 March 2021
Ex-date: On and after 4 March 2021
Record date: 5 March 2021
Dividend payment date to shareholders: 16 March 2021

This brings total dividends declared for 2020 to USD 0.84 per share, amounting to USD 116.4 million.

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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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 Management Share Option Plan “LTIP 2017” – 2021 Award of Share Options

(Singapore, 1 March 2021)

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 the senior management of BW LPG.
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This is the fifth and final annual award of share options under the five-year long-term management share option plan (“LTIP 2017”) which was launched on 21 April 2017. LTIP 2017 is aimed at aligning the interests of the senior management of the Company with those of the shareholders. Details of the plan can be found in the following link: Management Share Option Plan “LTIP 2017”

The total number of options that will be awarded in 2021 is 568,000 options. The options will be awarded in connection with the publication of the quarterly report for Q4 2020.

The following primary insiders of the Company have been awarded the fifth annual tranche of share options under LTIP 2017. The total number of shares (if any) held by these primary insiders are as set out below:

Anders Onarheim, Chief Executive Officer
Options awarded in 2021: 232,880
Options awarded in 2020: 186,304
Shares held: 50,000

Elaine Ong, Chief Financial Officer
Options awarded in 2021: 85,200
Options awarded in 2020: 85,200
Options awarded in 2019: 85,200
Options awarded in 2018: 49,700
Options awarded in 2017: 49,700
Shares held: 10,630

Niels Rigault, Executive Vice President, Commercial
Options awarded in 2021: 113,600
Options awarded in 2020: 113,600
Options awarded in 2019: 113,600
Options awarded in 2018: 71,000
Options awarded in 2017: 71,000
Shares held: 96,000

Pontus Berg, Executive Vice President, Technical and Operations
Options awarded in 2021: 51,120
Options awarded in 2020: 51,120
Options awarded in 2019: 51,120
Options awarded in 2018: 21,300
Options awarded in 2017: 21,300
Shares held: 6,495

Jo Moffat, Vice President, Product Services
Options awarded in 2021: 39,760
Options awarded in 2020: 39,760
Options awarded in 2019: 39,760
Shares held: 0

Prodyut Banerjee, Vice President, Operations
Options awarded in 2021: 22,720
Options awarded in 2020: 22,720
Options awarded in 2019: 22,720
Shares held: 0

Knut-Helge Knutsen, Vice President, Technical
Options awarded in 2021: 22,720
Options awarded in 2020: 22,720
Options awarded in 2019: 22,720
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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

Kilde

[TMV]

Har tatt et lodd her. Relativt god P/E på mellom 5 og 6. 3 kr i utbytte for kvartalet. Syns den har falt en del i pris og dette er en aksje som en kan sitte med over år. Sannsynligvis billigere å kjøpe den om sommeren. Kan være at 49 kr er dyrt, men den var jo over 65 kr i Januar.

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Mandatory Notification of Trade

(Singapore, 2 March 2021)

Niels Rigault, Executive Vice President, Commercial, has sold 96,000 shares in BW LPG Limited on 1 March 2021 at an average price of NOK 49.6 per share. Following this transaction, Mr Rigault has 482,800 share options and does not hold any share in BW LPG Limited. Please refer to the attached for further details.
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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 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, one of the world’s leading shipping groups. BW Group controls a fleet of over 360 ships which includes product tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, dry cargo carriers, crude oil supertankers and floating production storage and offloading (FPSO) units.

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

Kilde

[TekBot]

BW LPG Ex Dividend USD 0.34 today

(Singapore, 4 March 2021)

With reference to the press release dated 1 March 2020 on Key Information Relating to the Cash Dividend for Q4 2020, the shares in 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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

Kilde

[TMV]

Pent utbytte i dag. Er det noen andre som er inne i BW LPG og kan si litt om sin erfaring med, og framtidsutsikter for selskapet? Ser jo at selskapet prises mellom 25 og 70 kroner over tid. Så har jeg skjønt at kø gjennom Panama kanalen har en del å si for de i forhold til fraktrater. I tillegg hvor vidt USA leverer til India, og hvor vidt konkurrentene i Midt-Østen lar det skje i sin bakgård. Tenker å sitte en stund i denne.

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BW LPG Management Share Option Plan “LTIP 2017” – Strike Price for 2021 Award of Options

(Singapore, 9 March 2021)

Reference is made to the announcement by BW LPG Limited (“BW LPG”, “the Company”, OSE ticker code “BWLPG.OL) on 1 March 2021 regarding the 2021 award of share options under the Management Share Option Plan “LTIP 2017”: https://bit.ly/3v2hjV3.
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The strike price for the options awarded in 2021 shall be equal to the sum of:
(i) the volume weighted average share price quoted on the Oslo Stock Exchange over the five trading days (VWAP) following the release of BW LPG’s Q4 2020 report on 1 March 2021, and
(ii) 16% of the VWAP.

The strike price for the options awarded on 1 March 2021 is NOK 56.98. In the event dividends or other distributions in cash or in kind are made, the strike price for the awarded options shall be reduced with an amount equal to the NOK value distributed per share over the period until the options are exercised.

The options will have a vesting period of three years from being awarded and may then be exercised in a period of three additional years. The options are non-tradable and conditional upon the option holder being employed by the Company or its subsidiaries and not having resigned or being terminated for cause prior to the vesting date.

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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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, 30 March 2021)

Reference is made to the previous stock exchange announcements by BW LPG Limited (“BW LPG” or the “Company”) regarding the management long-term share option plan implemented in 2017 (“LTIP 2017”).
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The following members of the management and 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 as set out below. 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 3,629,345 treasury shares.

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 2017) exercised, each having a strike price of NOK 32.845: 71,000
Options held following the option exercise: 411,800
Total number of shares held following the option exercise: 71,000
Number of shares sold: 71,000
Average price sold at: NOK 55.324 per share
Number of shares held following the sale: 0

Elaine Ong, Chief Financial Officer
Options (granted in 2017) exercised, each having a strike price of NOK 32.845: 49,700
Options (granted in 2018) exercised, each having a strike price of NOK 27.675: 49,700
Options held following the option exercise: 255,600
Total number of shares held following the option exercise: 110,030
Number of shares sold: 110,030
Average price sold at: NOK 55.292 per share
Number of shares held following the sale: 0

Pontus Berg, Executive Vice President, Technical & Operations
Options (granted in 2017) exercised, each having a strike price of NOK 32.845: 21,300
Options (granted in 2018) exercised, each having a strike price of NOK 27.675: 21,300
Options held following the option exercise: 153,360
Total number of shares held following the option exercise: 49,095
Number of shares sold: 49,095
Average price sold at: NOK 55.314 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, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of 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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

Kilde

[TekBot]

Large Holdings Notification - BW LPG

Disclosure of shareholding
On 30 March 2021, Columbia Management Investment Advisers, LLC (“CMIA”), a United States registered investment adviser which is fully owned by Ameriprise Financial, Inc., purchased 118,538 shares in BW LPG Ltd on behalf of certain funds and accounts over which CMIA has discretionary investment management and voting authority.
Following such transaction on that date, CMIA beneficially owned 7,168,145 shares in BW LPG Ltd, equal to 5.050 percent of the total outstanding number of shares of BW LPG Ltd.
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Kilde

[TekBot]

BW LPG Sells Very Large Gas Carrier

(Singapore, 16 April 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG.OL”) announces today the sale of Very Large Gas Carrier (VLGC) BW Empress.
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BW Empress was built in 2005 and has a carrying capacity of 77,330 CBM. The sale has generated approximately US$ 40 million in liquidity and an expected net book gain of approximately US$ 10 million. The sale and delivery of the vessel to its new owner for further trading was completed on 15 April 2021.

Says Anders Onarheim, CEO of BW LPG, “BW Empress was sold for an attractive price in a volatile market. This sale is aligned with our asset management strategy, as we maximize the value of our current assets on water while considering the best way forward in our journey towards a zero-carbon future.”

With this sale, BW LPG owns and operates a fleet of 45 modern VLGCs, including four of the world’s first VLGCs to be retrofitted with pioneering LPG dual-fuel propulsion technology. A further 11 VLGCs have been committed for retrofitting with this technology, representing an overall investment of 15 vessels and over US$ 130 million towards the decarbonization of our operations.

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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

Kilde

[TekBot]

BW LPG Annual General Meeting 2021 - Notice

(Singapore, 22 April 2021)

Notice is hereby given that the 2021 Annual General Meeting of BW LPG Limited will be conducted as per the details below:
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Date: Friday, 14 May 2021
Location: Washington Mall Phase 2, 4th Floor, Suite 400, 22 Church Street, HM 1189, Hamilton HM EX, Bermuda
Time: 1400hrs local time

Please see attached documents for:

• Chairman’s Letter
• Notice of the 2021 AGM
• Attendance Slip
• 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 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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

Kilde

[TekBot]

BW LPG’S Q1 2021 Financial Report Release and Earnings Presentation on 18 May 2021

(Singapore, 4 May 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) will release its First Quarter 2021 Financial Report and Earnings Presentation at approximately 0700hrs CET on 18 May 2021.
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In connection with this release, BW LPG will hold a Financial Results Presentation with Anders Onarheim (CEO), Elaine Ong (CFO), Niels Rigault (EVP, Commercial) and Pontus Berg (EVP, Technical and Operations). The details are as follows:

Date: Tuesday, 18 May 2021

Location Local Time Universal Time
Oslo, Norway 14:00 CET UTC + 1 hours
New York, USA 08:00 EST UTC - 5 hours
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:

http://bit.ly/BWLPGQ12021EP

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: Investor Centre | BW LPG.

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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

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BW LPG Limited Annual General Meeting 2021 - Minutes

(Singapore, 15 May 2021)

The Annual General Meeting 2021 of BW LPG Limited was held on 14 May 2021. All proposed resolutions were resolved. Please see the attached document for the minutes of the meeting.
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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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

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BW LPG’s Financial Results for Q1 2021

(Singapore, 18 May 2021)

Highlights for the Quarter
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• Achieved Q1 2021 VLGC freight rates of USD 43,300 per calendar day, or USD 44,400 per available day with 97% commercial utilization
• Generated Q1 2021 net profit after tax of USD 71 million or an earnings per share of USD 0.51
• Declared Q1 2021 cash dividend of USD 0.18 per share amounting to USD 25 million
• Achieved Q1 2021 annualized return on equity of 22% with USD 96 million of free cash flow
• Concluded the sale and delivery of BW Empress, generating USD 40 million in liquidity and a net gain of USD 10 million
• Increased ownership in Indian Joint Venture to 85%, with five vessels now trading in India; and secured a five-year term loan for up to USD 198 million

Financial Performance

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) reported a Q1 2021 net profit after tax of USD 71 million, yielding an annualised return on equity of 22% with USD 96 million of free cash flow.

Time Charter Equivalent (TCE) income amounted to USD 150 million in Q1 2020. EBITDA was USD 113 million for the quarter, representing an EBITDA margin of 75%. Earnings per share was USD 0.51.

The sale and delivery of 2005-built BW Empress for further trading generated USD 40 million in liquidity and a net gain of USD 10 million.

BW LPG expanded its presence in India by increasing its ownership in its Indian Joint Venture from 50% to 85%; and adding an additional VLGC to the fleet in Q1 2021, making a total of five vessels now trading on time charter contracts in India. The subsidiary also secured a five-year term loan for up to USD 198 million from a syndicate of seven banks, at an all-in cost of LIBOR plus 1.98%.

The Board has declared a Q1 2021 cash dividend of USD 0.18 per share amounting to USD 25 million. The shares will be traded ex-dividend on and from 26 May 2021. The dividend will be payable on 11 June 2021 to shareholders on record as of 27 May 2021.

Market Outlook

Extreme cold weather in the US in late-January narrowed the LPG price arbitrage between the US and the Far East from over USD 200 per metric ton to below USD 100. Falling LPG exports from both the US and the Middle East led to one of the quickest and most pronounced VLGC freight rates correction in history.

Today, VLGC freight market has recovered from the bottom and rates have stabilized at above 40,000 dollars per day. BW LPG reiterates a positive market outlook for the second half of 2021. The is supported by recovery in LPG exports from both the US and the Middle East, reduced fleet supplies due to dry docks and shipping inefficiencies.

Q1 2021 Quarterly Report

Please see attachments for the Q1 2021 Earnings Presentation and Interim Financial Report.

1. BW LPG Q1 2021 Earnings Presentation
2. BW LPG Q1 2021 Interim Financial Report

BW LPG will host an investor presentation of the financial results at 14:00hrs CET today. The presentation will be made by Anders Onarheim (CEO), 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:

http://bit.ly/BWLPGQ12021EP

A recording of the presentation will also be available after the event on the Company’s website at:

Investor Centre | BW LPG.

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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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

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Key Information Relating to the Cash Dividend for Q1 2021

(Singapore, 18 May 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) provides the following key information relating to its cash dividend for Q1 2021.
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Dividend amount: USD 0.18 or NOK 1.48026 per share
Last day the stock is trading including the right to receive this dividend: 25 May 2021
Ex-date: 26 May 2021
Dividend payment date: 11 June 2021
Date of approval: 17 May 2021
Record date: 27 May 2021

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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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 0.18 Today

(Singapore, 26 May 2021)

With reference to the press release dated 18 May 2021 on Key Information Relating to the Cash Dividend for Q1 2021, the shares in 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. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

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 (BWLPG): Contemplated block sale of existing shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Singapore - 26 May 2021.
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BW Group Limited (the “Seller”) has retained Arctic Securities AS and Pareto Securities AS (the “Managers”) to explore a potential block sale of existing shares (the “Offering”) in BW LPG Limited (the “Company”).

The Seller is contemplating selling up to 7,000,000 shares in the Company (equal to approx. 4.93% of the Company’s shares outstanding) through an accelerated bookbuilding process. The Seller reserves the right, at its own discretion, to sell fewer shares or no shares at all.

The Offering will commence today (26 May 2021) at 16:30 CEST and will close no later than 27 May 2021 at 08:00 CEST. Please note that the Offering may be closed on short notice at the full discretion of the Seller and/or the Managers. The Offering is expected to be priced and allocated before the opening of the Oslo Stock Exchange on 27 May 2021 (T). The settlement in the Offering will be conducted on a normal delivery-versus-payment basis (DVP T+2).

The Seller currently holds 62,607,126 shares in the Company (equal to approx. 44.11% of the Company’s shares outstanding). The Seller will enter into a 90-day customary lock-up with the Managers following the completion of the Offering for any of the shares the Seller currently holds in the Company which are not sold as part of the Offering.

The Seller has increased its shareholding in the Company over the past 15 months. The purpose of the Offering is to return free float to the market and facilitate further liquidity in the Company’s share. The Seller will remain a large and long-term shareholder in the Company post Offering and is very positive about the LPG market fundamentals.

The minimum order and allocation in the Offering have been set to the NOK equivalent of EUR 100,000. The Managers may, however, offer and allocate an amount below the NOK equivalent of EUR 100,000 in the Offering to the extent exemptions from prospectus requirements, in accordance with Regulation (EU) 2017/1129, are available.

The Seller is represented in the Company’s Board of Directors, by Mr. Andreas Sohmen-Pao, and is thus defined as a primary insider subject to disclosure duties under the Norwegian Securities Trading Act Section 4-2.

For more information about the Offering please contact one of the Managers:

Arctic Securities AS
+47 22 93 72 42

Pareto Securities AS
+47 22 87 87 50

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