EX-99.1 2 tm2426057d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1 

 

BW LPG Limited - Management Share Option Plan “LTIP 2022” Sale of Shares by Primary Insider

 

11 October 2024

 

With reference to the press release on 15 July 2024 for the accelerated vesting of options granted under “LTIP 2022”, and press release on 30 August 2024 for the exercise of these options, a primary insider of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has sold shares in BW LPG in the market on 10 October 2024.

 

The details on the sale of shares by the primary insider is as set out below:

 

Knut-Helge Knutsen, Vice President and Head of Technical

 

Total number of shares held following the option exercise on 29 August 2024: 24,840

 

Number of shares sold: 24,840

 

Average price sold at: NOK 166.4458 per share

 

Number of shares held following the sale: 0

 

Please refer to the attached for further details.

 

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 and article 19 of the EU Market Abuse Regulation.

 

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1 Details of the person discharging managerial responsibilities/person closely associated
a) Name

Knut-Helge Knutsen

 

2 Reason for the notification
a) Position/status Vice President and Head of Technical
b) Initial notification/Amendment Initial notification
3 Details of issuer
a) Name BW LPG Ltd
b) LEI 5493006WBEME88YFDW23
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)

Description of the financial instrument, type of instrument

Identification code

 Shares in BW LPG Ltd (ISIN SGXZ69436764)
b) Nature of the transaction Sale of shares in BW LPG Ltd (ISIN SGXZ69436764)
c) Price(s) and volume(s)

Price(s)

Volume(s)

    NOK 166.4458 24,840
       
    See attached Appendix for details.  
d)

Aggregated information
— Aggregated volume

— Price

Sale of 24,840 shares for a total of NOK 4,134,514.

 

e) Date of the transaction 2024-10-10
f) Place of the transaction Oslo Stock Exchange, MIC: XOSL

 

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Appendix Knut-Helge Knutsen
  Sale of shares in BW LPG Ltd (ISIN SGXZ69436764) on 10 October 2024

 

Price   Volume   Amount   Price   Volume   Amount 
166.5220    500    83,261    166.3334    1,000    166,333 
165.8220    500    82,911    166.6220    500    83,311 
166.6220    500    83,311    166.5334    1,000    166,533 
166.4334    1,000    166,433    166.7333    1,000    166,733 
166.5334    1,500    249,800    166.4220    500    83,211 
166.4334    1,500    249,650    166.4291    550    91,536 
166.4334    1,490    247,986    166.5291    550    91,591 
165.9220    500    82,961    166.5220    500    83,261 
166.4334    1,500    249,650    166.7025    400    66,681 
166.4220    500    83,211    166.3334    1,000    166,333 
166.1335    1,000    166,134    166.5334    750    124,900 
166.2440    250    41,561    166.2220    500    83,111 
166.4334    750    124,825    165.9291    550    91,261 
166.6291    550    91,646    166.5334    1,000    166,533 
166.6333    1,000    166,633    166.7333    1,500    250,100 
166.2220    500    83,111    166.4458    24,840    4,134,514 

 

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