Exhibit 99.1
BW LPG Limited - Management Share Option Plan “LTIP 2022” Sale of Shares by Primary Insider
11 October 2024
With reference to the press release on 15 July 2024 for the accelerated vesting of options granted under “LTIP 2022”, and press release on 30 August 2024 for the exercise of these options, a primary insider of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has sold shares in BW LPG in the market on 10 October 2024.
The details on the sale of shares by the primary insider is as set out below:
Knut-Helge Knutsen, Vice President and Head of Technical
Total number of shares held following the option exercise on 29 August 2024: 24,840
Number of shares sold: 24,840
Average price sold at: NOK 166.4458 per share
Number of shares held following the sale: 0
Please refer to the attached for further details.
For further information, please contact:
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@bwlpg.com
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, an in-house LPG trading division and a growing presence in LPG terminal infrastructure and distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain. 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 and article 19 of the EU Market Abuse Regulation.
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Knut-Helge Knutsen
| |
| 2 | Reason for the notification | ||
| a) | Position/status | Vice President and Head of Technical | |
| b) | Initial notification/Amendment | Initial notification | |
| 3 | Details of issuer | ||
| a) | Name | BW LPG Ltd | |
| b) | LEI | 5493006WBEME88YFDW23 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument, type of instrument Identification code | Shares in BW LPG Ltd (ISIN SGXZ69436764) | |
| b) | Nature of the transaction | Sale of shares in BW LPG Ltd (ISIN SGXZ69436764) | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NOK 166.4458 | 24,840 | ||
| See attached Appendix for details. | |||
| d) | Aggregated information — Price | Sale of 24,840 shares for a total of NOK 4,134,514.
| |
| e) | Date of the transaction | 2024-10-10 | |
| f) | Place of the transaction | Oslo Stock Exchange, MIC: XOSL | |
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| Appendix | Knut-Helge Knutsen |
| Sale of shares in BW LPG Ltd (ISIN SGXZ69436764) on 10 October 2024 |
| Price | Volume | Amount | Price | Volume | Amount | ||||||||||||||||
| 166.5220 | 500 | 83,261 | 166.3334 | 1,000 | 166,333 | ||||||||||||||||
| 165.8220 | 500 | 82,911 | 166.6220 | 500 | 83,311 | ||||||||||||||||
| 166.6220 | 500 | 83,311 | 166.5334 | 1,000 | 166,533 | ||||||||||||||||
| 166.4334 | 1,000 | 166,433 | 166.7333 | 1,000 | 166,733 | ||||||||||||||||
| 166.5334 | 1,500 | 249,800 | 166.4220 | 500 | 83,211 | ||||||||||||||||
| 166.4334 | 1,500 | 249,650 | 166.4291 | 550 | 91,536 | ||||||||||||||||
| 166.4334 | 1,490 | 247,986 | 166.5291 | 550 | 91,591 | ||||||||||||||||
| 165.9220 | 500 | 82,961 | 166.5220 | 500 | 83,261 | ||||||||||||||||
| 166.4334 | 1,500 | 249,650 | 166.7025 | 400 | 66,681 | ||||||||||||||||
| 166.4220 | 500 | 83,211 | 166.3334 | 1,000 | 166,333 | ||||||||||||||||
| 166.1335 | 1,000 | 166,134 | 166.5334 | 750 | 124,900 | ||||||||||||||||
| 166.2440 | 250 | 41,561 | 166.2220 | 500 | 83,111 | ||||||||||||||||
| 166.4334 | 750 | 124,825 | 165.9291 | 550 | 91,261 | ||||||||||||||||
| 166.6291 | 550 | 91,646 | 166.5334 | 1,000 | 166,533 | ||||||||||||||||
| 166.6333 | 1,000 | 166,633 | 166.7333 | 1,500 | 250,100 | ||||||||||||||||
| 166.2220 | 500 | 83,111 | 166.4458 | 24,840 | 4,134,514 | ||||||||||||||||
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