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 vessels BW Mistral and BW Polaris on 10 December 2024. Nine of the 12 VLGCs are now delivered.

BW LPG has today issued 3,450,000 new BW LPG shares to Avance Gas as part-consideration for the above vessels. Following the issuance of the new shares, the total number of issued shares of BW LPG is 154,441,000, representing a total share capital in the amount of USD 536,359,798. The new shares have been legally and validly issued and are fully paid.

Following the above issuance, Avance Gas holds 14,441,000 shares in BW LPG, representing approximately 9.35% shareholding.
Source: BW LPG