Brief: Bw Energy: BOD Statement On Mandatory Offer From Bw Group

BW Energy

15/12/2023 06:40

Dec 15 (Reuters) - BW Energy Ltd  BWE.OL :
    * BW ENERGY – BOARD STATEMENT ON THE MANDATORY OFFER FOR ALL
SHARES IN BW ENERGY FROM BW GROUP
    * BOARD IS OF VIEW THAT LONGER TERM VALUE POTENTIAL OF
COMPANY IS
GREATER THAN WHAT IS REFLECTED IN OFFER PRICE
    * SHAREHOLDERS FOCUSING ON LONGER TERM VALUE POTENTIAL OF
COMPANY
SHOULD NOT ACCEPT OFFER
    * BW ENERGY LTD - HOWEVER, BOARD ALSO NOTES THAT OFFER PRICE
REPRESENTS PREMIUM TO MOST RECENT TRADING LEVELS PRIOR TO OFFER
    * OFFER REPRESENTS LIQUIDITY OPTION FOR SHAREHOLDERS LOOKING
TO
MONETIZE SHAREHOLDING IN BW ENERGY IN THIS SITUATION
    * MEMBERS OF BOARD AND MANAGEMENT WHO OWN SHARES IN CO HAVE
INFORMED THAT THEY DO NOT INTEND TO ACCEPT OFFER
    * OVERALL RECOMMENDATION THAT SHAREHOLDERS DO NOT ACCEPT
OFFER

Source text for Eikon:  ID:nGNE5KXjpN 
Further company coverage:  BWE.OL 

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