With reference to the stock exchange announcement on 15 August 2024 for the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd (“Avance Gas”, OSE ticker code: “AGAS”), BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has taken delivery of vessel BW Levant on 29 November 2024. Five of the 12 VLGCs are now delivered.

BW LPG has today issued 1,350,000 new BW LPG shares to Avance Gas as part-consideration for the above vessel. Following the issuance of the new shares, the total number of issued shares of BW LPG is 147,500,000, representing a total share capital in the amount of USD 416,627,548. The new shares have been legally and validly issued and are fully paid.

Following the above issuance, Avance Gas holds 7,500,000 shares in BW LPG, representing approximately 5.08% shareholding.
Source: BW LPG Limited