BW LPG Limited - Results of Scheme Meeting Held Regarding Redomiciliation to Singapore
13 Giugno 2024 - 2:00PM
Business Wire
Reference is made to the stock exchange announcement made by BW
LPG Limited (“BW LPG” or the “Company”, OSE ticker
code: “BWLPG.OL”, NYSE ticker code “BWLP”) on 21 May 2024 regarding
the notice of a court sanctioned meeting of shareholders of the
Company (the “Scheme Meeting”) for eligible shareholders to
vote on the 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 and adopt
the constitution of the Company which will take effect upon
continuance in Singapore (the "Redomiciliation").
The Scheme Meeting was held on 12 June 2024, with the Scheme
being approved by the Company’s shareholders at the meeting.
There will be a subsequent court hearing on 20 June 2024 at 9:30
a.m. (Bermuda time) at which the Company shall petition the Supreme
Court of Bermuda (the “Court”) to sanction the Scheme (the
"Sanction Hearing"). If the Scheme is sanctioned by the
Court, then the Scheme will become binding on the Company and its
shareholders once a copy of the court order is filed with the
Registrar of Companies in Bermuda.
Shareholders of the Company are entitled to appear at the
Sanction Hearing. Shareholders who wish to appear in court are
encouraged to adopt one of the procedures noted on pages 14 and 15
of the Explanatory Statement of the Company in relation to the
Scheme dated 21 May 2024.
The Company expects that the Redomiciliation will come into
effect on or around 1 July 2024, subject to the sanction by the
Court, the filing of the court order, the final approval by the
Singapore Accounting and Corporate Regulatory Authority and the
satisfaction or waiver of all conditions to the Scheme as set out
in the Scheme.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240613803163/en/
Samantha Xu Chief Financial Officer E-mail:
investor.relations@bwlpg.com
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