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BW LPG (NYSE: BWLP) will release its Q1 2024 Financial Report on 30 May 2024 at 0700hrs CET/0100hrs EDT. The company will hold an Earnings Presentation featuring CEO Kristian Sørensen and CFO Samantha Xu. The event will be available via live webcast and conference call at 13:00 CET in Oslo, 07:00 EDT in New York, and 19:00 SGT in Singapore.
BW LPG is the leading owner and operator of LPG vessels, controlling Very Large Gas Carriers (VLGC) with over 3 million CBM capacity. The company boasts five decades of experience in LPG shipping and an in-house LPG trading division. BW LPG is part of BW Group, which manages a fleet of over 490 vessels and possesses significant investments in renewable energy sectors.
On May 15, 2024, the Supreme Court of Bermuda ordered BW LPG to hold a Scheme Meeting on June 12, 2024, for shareholders to vote on the proposal to redomicile the company from Bermuda to Singapore. Shareholders recorded by May 16, 2024, are eligible to vote. BW LPG, the world's leading owner and operator of LPG vessels, seeks to shift its jurisdiction in compliance with Section 99 of the Bermuda Companies Act 1981. Details and the proposed new constitution will be shared soon.
The board of directors of BW LPG propose a scheme of arrangement to redomicile the company from Bermuda to Singapore. The Redomiciliation involves a discontinuance and continuance process, with the company retaining its name and management. Shareholders will receive further information post court hearing, with the expected effective date in Q3 2024.
BW LPG is a leading owner and operator of LPG vessels with extensive experience in the industry. The company's association with BW Group adds to its strong global presence and diversified portfolio.
