BW Energy: Mandatory Notifications of trade
03 Janvier 2024 - 7:30AM
BW Energy: Mandatory Notifications of trade
MANDATORY NOTIFICATIONS OF TRADE BY PRIMARY INSIDERS AND
CLOSE ASSOCIATES
Reference is made to the mandatory cash offer by BW Group
Limited (the "Offeror") to acquire all remaining shares in BW
Energy Limited ("BW Energy or the "Company") for a price of NOK
27.00 per share (the "Offer"), announced in the stock exchange
announcement on 13 December 2023 and described in the offer
document dated 13 December 2023 (the "Offer Document").
The Offeror is a close associate to a primary insider in the
Company (the primary insider is the chairman of the board of
directors of the Company). The Offeror is therefore pursuant to the
disclosure requirements in article 19 of the Regulation EU 596/2014
(the EU Market Abuse Regulation) and section 5-12 of the Norwegian
Securities Trading Act required to disclose transactions made in
securities in the Company. This includes disclosing acceptances
received in the Offer on an ongoing basis.
Please see the attached notifications of trading for information
on acceptances received by the Offeror.
Reference is also made to section 6.2.2 in the Offer Document.
The Offeror has been made aware that the four references to the
"nine months ended" in section 6.2.2 should be to the "three months
ended" as the financial figures included in sections 6.2.2.1 and
6.2.2.3 of the Offer Document are for the third quarter and not for
the first nine months of the year. More detailed financial
information can be found in the Company's financial statements,
published by the Company on its investor webpage:
https://www.bwenergy.no/investors.
For further information, please contact:
Knut R. Sæthre, CFO BW Energy
+47 91 11 78 76
ir@bwenergy.no
About BW Energy:
BW Energy is a growth E&P company with a differentiated
strategy targeting proven offshore oil and gas reservoirs through
low risk phased developments. The Company has access to existing
production facilities to reduce time to first oil and cashflow with
lower investments than traditional offshore developments. The
Company's assets are 73.5% of the producing Dussafu Marine licence
offshore Gabon, 100% interest in the Golfinho and Camarupim fields,
a 76.5% interest in the BM-ES-23 block in, a 95% interest in the
Maromba field in Brazil and a 95%interest in the Kudu field in
Namibia, all operated by BW Energy. Total net 2P+2C reserves and
resources were 546 million barrels of oil equivalents at the start
of 2023, when including the Golfinho Clusters.
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
- PDMR BW Group Acquisition acceptances received under mandatory
offer 020124
BW Energy (TG:6BW)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
BW Energy (TG:6BW)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024