BW LPG - Result of Court Hearing Regarding the Redomiciling to Singapore
16 Mai 2024 - 4:36AM
Business Wire
Reference is made to the stock exchange announcement made by BW
LPG Limited ("BW LPG” or the "Company") on 3 May 2024 regarding the
board of directors proposal to implement a scheme of arrangement
(the "Scheme”) between the Company and its shareholders pursuant to
Section 99 of the Bermuda Companies Act 1981 as amended in order to
effect a discontinuance of the Company from Bermuda and continuance
to Singapore.
On 15 May 2024 the Supreme Court of Bermuda (the "Court”) held a
hearing where the Court was asked to give directions as to the
convening of a meeting of shareholders of the Company (the "Scheme
Meeting”) that are eligible to vote on the Scheme. The Court
ordered that the Scheme Meeting be held on 12 June 2024 (or such
date not more than three months from 15 May 2024). Shareholders of
record at the close of trading on 16 May 2024 (or such other date
as the Company may decide) are entitled to receive notice and to
vote at the Scheme Meeting in respect of the number of shares
registered in their name at the record date. The notice of the
Scheme Meeting and an explanatory statement (including the Scheme
and the proposed constitution of the Company when it continues to
Singapore) will be provided in due course.
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels,
owning and operating Very Large Gas Carriers (VLGC) with a total
carrying capacity of over 3 million CBM. With five decades of
operating experience in LPG shipping, experienced employees and an
in-house LPG trading division, BW LPG offers an integrated,
flexible, and reliable service to customers. More information about
BW LPG can be found at https://www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime
company involved in shipping, floating infrastructure, deepwater
oil & gas production, and new sustainable technologies. Founded
in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels
transporting oil, gas and dry commodities, with its 200 LNG and LPG
ships constituting the largest gas fleet in the world. In the
renewables space, the group has investments in solar, wind,
batteries, biofuels and water treatment.
This information is subject to disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515213237/en/
Samantha Xu Chief Financial Officer E-mail:
investor.relations@bwlpg.com
BW LPG (NYSE:BWLP)
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