Brief: BW Group Contemplates Block Sale Of Existing Shares In BW Lpg Limited

BW LPG

03/10/2023 15:43

Oct 3 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * CONTEMPLATED BLOCK SALE OF EXISTING SHARES IN BW LPG
LIMITED
(BWLPG)
    * BW GROUP LIMITED (THE “SELLER”) IS CONTEMPLATING SELLING
UP TO
8,400,000 SHARES IN BW LPG LIMITED (THE "COMPANY") (EQUAL TO
APPROX. 6% OF THE COMPANY’S OUTSTANDING SHARES)
    * PRICE AND FINAL NUMBER OF SHARES IN OFFERING WILL BE
DETERMINED
THROUGH AN ACCELERATED BOOK BUILDING PROCESS DENOMINATED IN NOK
    * BOOKBUILDING PERIOD IN OFFERING WILL COMMENCE IMMEDIATELY
3
OCTOBER 2023 AND WILL CLOSE ON 4 OCTOBER 2023 AT 08:00 CEST
    * SELLER CURRENTLY CONTROLS 56,807,126 SHARES IN COMPANY
(EQUAL TO
APPROX. 40.58% OF COMPANY'S OUTSTANDING SHARES)
    * MINIMUM ORDER AND ALLOCATION IN OFFERING HAVE BEEN SET TO
NOK
EQUIVALENT OF EUR 100,000

Source text for Eikon:  ID:nObicBNVja 
Further company coverage:  BWLPG.OL 

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