BW LPG Limited: Launch of Share Buy-back Program
The Company cannot predict how many shares it may repurchase, if any, or the timing of any repurchase or the price that will be paid for any shares repurchased under the program.
The amount utilised for the share buyback program will be treated independently from future dividend consideration, which remains at the discretion of the Board of Directors in accordance with the Company's dividend policy.
Kristian Sørensen, CEO of BW LPG, says “We are activating our share buyback program as the current share price is trading at a significant discount to both implied historical asset values and NAV. This is further demonstrated by our announcement on 31 March 2025 on the sale of the BW Pampero and BW Chinook (both built in 2015) to our
The Company has put in place an agreement with DNB Markets (“DNB”) for the repurchase of the Company's shares in open market transactions on the Oslo Stock Exchange (“OSE”) and the New York Stock Exchange (“NYSE”).
Repurchases on the OSE will be completed in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and Commission Delegated Regulation (EU) 2016/1052 (“Safe Harbour Regulation”).
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.
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 4 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 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.
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For further information, please contact
Kristian Sørensen
Chief Executive Officer
Samantha Xu
Chief Financial Officer
Source: BW LPG Limited
