Sunday, November 17, 2019
News
NEWS HOME
»
PRN INDIA
INSIDE INFORMATION: BW LPG Contemplated Sale of Shares
  SocialTwist Tell-a-Friend  
   

SINGAPORE, Oct. 14, 2019 /PRNewswire/ -- BW Group Limited ("BW Group") has retained Skandinaviska Enskilda Banken AB (publ) Oslo Branch as manager and bookrunner (the "Manager") to explore the sale of up to 7,000,000 common shares in BW LPG Limited ("BWLPG.OL", or "BW LPG", or the "Company") through an accelerated bookbuilding process (the "Placement"). The Placement represents up to approximately 5 per cent of the outstanding shares in BWLPG, and assuming all shares offered in the Placement are sold, BW Group will hold 59,764,262 shares equal to approximately 42 per cent of the shares in the Company following the transaction.

The Placement will be conducted by way of an accelerated bookbuild offering to institutional and other professional investors only. The minimum order and allocation has been set to the number of shares that equals an aggregate purchase price of the NOK equivalent of EUR 100,000.

BW Group has increased its shareholding in BW LPG over the past 18 months. The purpose of the Placement is to return free float to the market and increase the liquidity in the BW LPG share. BW Group will remain as a large and long-term shareholder in BW LPG with a 42% position and is very positive about the LPG market fundamentals.

BW Group have undertaken to not make any additional sales of shares held in BW LPG after the Placement for a period of 60 days.

The bookbuilding will commence today, Monday 14 October 2019, at 16:30 CET, and will close no later than Tuesday 15 October 2019, at 08:00 CET. The bookbuilding is expected to close this evening and is subject to acceleration at short notice. The transaction is expected to be priced and allocated before the opening of Oslo Stock Exchange on 15 October 2019.

BW Group reserve the right, at its own discretion, to reduce the number of offered shares or to sell no shares at all, depending on the price and demand for shares in the bookbuilding.

BW Group is represented on the Board of Directors of BW LPG.

About BW LPG

BW LPG is the world's leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a total carrying capacity of over 4 million cbm. With four decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world's leading shipping groups. BW's controlled fleet of over 400 ships includes oil tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, chemical tankers, dry cargo carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Important notice:

This announcement does not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.

In any EEA Member State, this announcement is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (together with any applicable implementing measures in any Member State).

In the United Kingdom, this announcement is only addressed to and is only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

 

More News by PR Newswire India

Unprecedented Gathering of Asia Pacific Medical Societies to Respond to the Impact of Antibiotic Resistance on All People

Hotstar Specials Presents Out of Love - A Show That Unfolds the Dark Reality of Infidelity

The Higher Committee of Human Fraternity Meets with Pope Francis of the Catholic Church and the Grand Imam of al-Azhar for the First Time to Present the Abrahamic Family House

International Gas Union responds to the European Investment Bank decision on fossil fuel projects

National Housing Bank (NHB) and French Development Agency (AFD) Expand Competitive Funding to Green and Affordable Housing Projects

German TV Hosts Ariane Alter and Sebastian Meinberg Set New Guinness World Record for World's Longest TV Talk Show

Enjoy Templestay for year-end getaway to feel Thoreau's simple life on the shore of Walden pond

GCL System Integration and Powin Energy Announce Joint Venture to Deliver Energy Storage Solution

Rotaract District 3141 to Hold 'Millenial Summit' to Encourage Innovation and Start-ups Among Youngsters

Sumant Sinha Honoured with the Distinguished Alumnus Award by IIM Calcutta

Meet Global Exhibitors and Hear from World-renowned Speakers at CHTF2019

OPPO Ranks No.1 in the Customer After-sales Service: Counterpoint Research

Dome, NSCI Hosts India's First Red Bull BC One Finals

Tulip Diagnostics to Acquire Biosense Technologies in India - Extends Capabilities in Point-of-Care Diagnostics

Canon India Collaborates With Cinepolis to Mark Children's Day

Pennar Industries Announced Buyback of Equity Shares

Xinhua Silk Road: Chinese automaker Brilliance Auto Group makes key step in tapping South American market

World's leading AC manufacturers and innovative technology companies in running for the Global Cooling Prize

Matrix Announces its Special Anniversary Sale

White Coat Ceremony, a Ritual of Commitment at Manipal's American University of Antigua College of Medicine, an Ideal Destination for a Global Medical Course

DBS partners with Exiger, tech leader in risk and compliance solutions, to fend off evolving risks of financial crime

Za Teb CEO to Speak at Economic Times Sustainable Development Goals & Impact Summit in India

Cutting-edge products and latest tech to go on show in Shenzhen

Xinhua Silk Road: Direct container shipping route from Central China's Wuhan to Japan scheduled to operate from Nov. 28

LvYue Group Completed Several Hundred Million Dollars in Series A and A+ Financing Led by Tencent, Sequoia China, Baidu Capital and Goldman Sachs

ST Telemedia Global Data Centres named 2019 Singapore Data Center Service Provider of the Year by Frost & Sullivan

Stellar named Australia Customer Contact Outsourcing Service Provider of the Year by Frost & Sullivan

Shell and partners add pre-salt production in Brazil

5GAA Live Demos Show C-V2X as a Market Reality

IMI and GustoMSC Naming Ceremony: IMI-2030

The Energy Globe Award, the World's Most Prestigious Environmental Prize, Has Been Awarded to the Best Solutions for Combating Climate Change

Global Security Industry Advances with Adoption of Servistization Models

Asia's Top Firms Recognized at the 2019 Frost & Sullivan Asia-Pacific Best Practices Awards

JLL named Asia Pacific Facilities Management Company of the Year by Frost & Sullivan for fourth consecutive year

Nobu Hotel Los Cabos Celebrates Official Opening With Signature Sake Ceremony

IBM Makes Higher Quality Weather Forecasts Available Worldwide

CultureWizard Releases Groundbreaking Global Inclusion Learning Course

Tree Nut and Dried Fruit Productions to Add up to 4.5 Million and 3.3 Million Metric Tons, Respectively

GRAX Releases Data Enrichment Hub for Salesforce.com

Publicis Sapient Named a Leader among Global Digital Experience Agencies

WATEC 2019 - The Start-Up Nation Is Coming Together for Water

Tukatech Launches "TUKATALKS" Podcast Featuring Fashion Industry Experts

Hexagon Peak and Huawei Sign 200 MW Cooperation Agreement for Vietnam Solar Market

Dr. Batra's - Protect Children With the Gift of Homeopathy

Walmart Canada and DLT Labs™ launch world's largest full production blockchain solution for industrial application

deAsra Launches the 'Homepreneur Resource Center'

FICCI Medical Travel Value Awards 2019 Given to 25 Hospitals & Healthcare Service Providers

70% of Large Indian Firms Use Analytics: Study by Analytics India Magazine & SAS

Global Technology Forerunner Amtex Wins the "CII Connect 2019 Award" for Exemplary Application of Technology

Hemp Against Eczema: Hemp Horizons Shows the Way for a 'Side-effect Free' Treatment

USDT-Margined Futures Live on OKEx

Artificial Sweeteners, an Alternative to the Sumptuous Silent Killer - Sugar

This Children's Day, Lil'Goodness Urges Millennial Moms to Inculcate Good and Healthy Eating Habits for Their Kids

Airbiquity Named 2019 Telematics Solution Provider of the Year by Mobile Breakthrough Awards

Promoting the Internationalization of Jiangsu Tourism, the Offline Activity Jiangsu "Lucky Dog" Ended Successfully

Saksoft H1FY20 Revenue at Rs. 178.39 Crs, a Growth of 3.9% Y-o-Y

10by10 Studio's Innovative Ideas Recognized by Smart Cities Council India

Anonos Keynote Speech on Lawful Data Monetization in the GDPR Era

AntWorks partners with SEED Group to drive adoption of Artificial Intelligence in the GCC

Exiger Wins Highly Commended for AML/CTF Compliance Capabilities

International Diabetes Federation: Latest Figures Show 463 Million People Now Living With Diabetes Worldwide as Numbers Continue to Rise

IT Minister of Telangana, KT Ramarao to Flagoff India's Biggest Festival 'IndiaJoy' for Gaming, Animation, VFX Media and Entertainment in Hyderabad

10T Tech and Hanhaa XG Enter into 3 Year Consumer eSIM Agreement

Ascensia Diabetes Care Celebrates the Important Role Families Play in Supporting People With Diabetes on World Diabetes Day 2019

International Peacemaker Professor Padraig O'Malley Receives Prestigious Henley & Partners Global Citizen Award

Higher Adoption of Emerging Technologies in Commercial Vehicles Stoke OEM Collaborations with Technology Developers

Chubb appoints Jason Keen as Division President, Chubb Global Markets

Adyen Launches Card Issuing Offering

NordVPN Officially Launches Its File Encryption Tool NordLocker

Innovative Term Product From ICICI Prudential Life Offers Life Cover to Individuals With Health Conditions

Industry Should Set Up Online Portal to Facilitate International Patients - Commerce Secretary

Sales Performance International Announces New Major Account Planning for Salesforce

Tradewind Announces $2.5 Million Credit Facility for Sustainable Homewares Company based in China and the USA

Introducing Maxima and Maxime, new premium fragrances to step up fragrance category

Queen's University Belfast Affirms Their Focus on Employability for Indian Students at Experience Queen's Event in Bangalore

Marketing analytics firms Marketscience Consulting and Truesight Consulting merge to deliver more unified and advanced client solutions

People Were Willing to Cooperate in Ayodhya Matter, Says Sri Sri in his EU Address

Nucleus Software Appoints Prakash Purushottam Pai as Chief Evangelist Officer

Prime Minister of the Republic of Singapore Intrigued by WeBank's Fintech-powered Services at SFF x SWITCH

Vakrangee Q2FY2019-20 Financial Results

Mumbai-based Artists 'Hari & Deepti' Revealed as the Next Four Seasons Envoys: Paper and Light Tell Their Story

Suning Sets New Singles' Day Record with Omni-Channel Orders Increasing by 76%

Indian Top Artist in Ketterer Kunst Auction in Germany

Bright Pattern Recognized for Highest ROI and Fastest Time to Deploy of All CCaaS Providers

Bloom Hotel Group bets Aggressively on Gujarat

'What Is Love?' - Burberry Reveals Festive Campaign

IIHM Young Chef Olympiad 2020 Launched at House of Lords, London

Chemetall completes expansion of its production site in Langelsheim, Germany

Gizmobaba, the Crossborder Social eCommerce Platform Gets Shortlisted for 3rd Startup India Investment Summit in China

International Gas Union Reaction to the IEA World Energy Outlook 2019

AI-Driven Health Benefits Platform ekincare Raises USD 3.6M

Wi-Fi Now Awards TalkTalk and ASSIA with "Best In-home Wi-Fi Product"

Enterprise AI Market in India is Heading Towards a Wider Adoption, Says New Study by Analytics India Magazine & BRIDGEi2i

Asia's Fastest Growing Cloud Telephony Platform, Exotel, Will Close the Year at Rs. 120 Crores

CreativeSprout's Assimilate to Organize India's First Health Marketing Summit in New Delhi

Megha Gas: An Extraordinary Beginning: Building Gas Infrastructure Aggressively for a Green Future

CIIE 2019: Yili Establishes Dairy Industry's First Sustainable International Supply Chain Network

Derana TV Selects LiveU Technology for its Entire Newsgathering Operations

Pennar Industries Reports 85% y-o-y Increase in Q2 FY2020 Consolidated PAT After Minority Interest at INR 23.5 Crore

Punjabi is the Fastest Growing Spoken Language in Australia: Australian High Commissioner Harinder Sidhu

Over 1,000sqm of Absen LED Used at GITEX 2019

INNOPIA launches Netflix-integrated Hailstorm Hybrid program in partnership with Amlogic and Verimatrix

INNOPIA becomes the first Korean ODM partner of Hailstorm Hybrid program, together with Synaptics and NAGRA

Isotropic Systems Completes Bi-Directional Over-the-Air Satellite Tests

Flexera Applauded by Frost & Sullivan for Being a Leader in Software-Enforced Software Licensing

The French Tennis Federation (FFT) selects Wilson Sporting Goods as an Official Partner of Roland-Garros and of the FFT

TRACE Releases 2019 Bribery Risk Matrix, Launches Bribery Risk Typology

Zeus Unveils High-Ratio FluoroPEELZ® Clear Peelable Heat Shrink

Tealium Launches Private Cloud to Help Organizations Maintain Unparalleled Data Security in the Cloud

Silicon Wafer Area Shipments Fall for Fourth Consecutive Quarter

World Intellectual Property Report 2019 - Local Hotspots, Global Networks: Innovative Activity Is Increasingly Collaborative and International

Fresh Hops Sent to Korea For Brewing in Just One Day

Cloudleaf Commended by Frost & Sullivan for Transforming Supply Chain Visibility and Redefining the Way Enterprises Work

Allscripts Awarded the 2019 US Company of the Year Award for its Advanced RCM Services

Ascom Commended by Frost & Sullivan for Dominating the Enterprise Wireless Phone Market with 20 Percent of the Shipment Share

Eastman collaborates with NB Coatings to offer sustainable automotive plastic

Parallel Wireless Helps to Deliver on MTN's OpenRAN Vision across Africa

Godrej Locks to Commemorate 3rd Home Safety Day on 15th November

Siklu Announces the Terragraph Product Family

Merck Licenses CRISPR Gene-Editing Technology to Evotec

Global urology leader Advanced MedTech co-leads SonoMotion's US$10 million Series B fundraising

PeopleStrong Appoints Ex-Aon Hewitt CEO Sandeep Chaudhary as President

Neurovalens Unveils Modius SLEEP, a Genius Next-Gen Device Powered by Neuroscience to Optimize Sleep Health and Address the Global Sleep Crisis, Without Medication

Quectel Opens R&D Center in Belgrade to Expand Global Presence

Appointment of Deepak Malhotra as a Director on Azure Power Global's Board

FreedomPay Announces An Agreement With Marriott International For Commerce Technology Innovation

Xinhua Silk Road: Wetland city Changde hosts international marathon event

Xinhua Silk Road: NE China's Heilongjiang launches winter tourism roadshow in Beijing

Volkswagen Joins SEMI; Membership to Advance Automotive Electronics

A Call to Action on Advancing Cyberstability: Global Commission (GCSC) Launches Final Report

MSI Unveils the Complete Product Line up of the New 'Content Creation' Series in India

UST Global Acquires Contineo Health, a Leading Healthcare Technology Consulting Firm Specializing in EHR Optimization

Seclore and Safetica Join Forces to Automatically Detect, Protect and Track Sensitive Information the Last Mile

GCPL's BBLUNT Re-energizes Growth With a Keen Eye on E-commerce and New Innovations in Their Hair Care and Styling Range

Xinhua Silk Road: Chery's engine listed among China's top ten engines for 2019

New World Gold Council Survey Highlights Substantial Opportunities for Gold

ThoughtWorks Honored With Excellence in Gender Inclusivity Award by NASSCOM

2019 World Sensors Summit Unveiled - Zhengzhou Embraces Whole World

Vymo Wins Aditya Birla's Bizlabs Fintech Award for Mobile-first Personal Sales Assistant

SummitAI Sierra Brings Enhanced AI Capabilities to Flagship ITSM Solution

Xinhua Silk Road: Sensor industry projects flock to settle in Zhengzhou, C. China

Statement: Vision Impact Institute Supports Women in Japan Demanding Rights to Wear Glasses at Work

WeBank's Henry Ma on Digital Banks: Promote Financial Inclusion and Achieve a Sustainable Business

Teleperformance in India Recognised as Best Employer 2019

Habanos, S.A. Presents Its World Preview of the Romeo y Julieta Maravillas 8, an Exclusive Edition to Celebrate the Chinese New Year

Hitachi Chief Revenue Officer to Share Winning Digital Strategies at the Sales Team Accelerator Retreat: A Frost & Sullivan Executive MindXchange

Prepare Your Business for the Workplace of 2025: Top Trends Impacting Latin America

ATAI Life Sciences and Cyclica launch joint venture to revolutionize drug development for mental health disorders

Ribbon Deploys Colt Japan's Emergency Calling Service

The Second China International Import Expo concludes successful run

The Fifth Edition of Solaris - IIM Udaipur's Annual Management Fest Concludes on High Note

Embassy Office Parks REIT Announces Second Quarter FY 2019-20 Results; Reports Another Strong Quarter of Leasing and a Quarterly Distribution of Rs. 4,630 Million

Admissions 2020-21 Open at India's First Design University

'Right To Protein' Health Campaign Launched to Create Awareness About the Importance of Proteins in an Indian Diet

Jaquar Group's Mehra Family Joins the Forbes List of top 100 Billionaires of India

Jana Small Finance Bank Raises Rs 225 Crores Capital

2019 World Sensors Summit and Expo Held in Zhengzhou, China

Global Modular and Prefabricated Building Market Set for Robust CAGR of 6.3% from 2018 to 2025

TATA Projects Builds 1000-bed Hospital

Swascan Collaborates With Video Conferencing Provider to Proactively Address Software Vulnerability

Kavalan's Latest Bottle Features a Studded Crown Fit For a King

CreditMantri Wins the Prestigious Jason J. Spindler 'Big Data for Impact' Award and the Alphamundi Foundation Impact Finance Awards at UNDP-SDG Finance Geneva Summit in Oct, 2019

Executive Education Programs from Michigan State University Coming to India

We Lose 11 Years on Smart Devices: Singapore health tech company calculates the cost of screen time with this revolutionary tool

SK-II ARTIST SERIES: POWER OF PITERA

Indian Neo Banks are Democratising ERP and Financial Services for Underserved SMBs - Ezo Banks

JA Solar Supplies High-efficiency PERC Modules for a 32MW Solar-Plus-Storage Project in Hokkaido

SpeakIn Finds its Latest Investor in Aditya Ghosh, CEO South Asia OYO

The Opening Of Grand Final UniPin SEACA 2019

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Shiv Sena allotted seats with Opposition...
UP Minister slams Muslim Board for holdi...
Jharkhand minister may contest against o...
All ministers in BJP-JJP govt in Haryana...
BJP, Congress hold noisy demonstrations ...
Entire rail network will be electrified:...
More...    
 
 Top Stories
India-US convergence growing in Ind... 
Will file review petition against S... 
Kanye West gives surprise performan... 
Azadi March: JUI-F protesters block... 
Sena supporters raise slogans again... 
Pune: Sanitation worker spreads awa... 
Manager Frank Lampard wants players... 
UP CM Yogi Adityanath inaugurates s...