BW LPG starts share buyback

BW LPG said that its Board of Directors has resolved to initiate a share buy-back programme, under which it will purchase up to US$15 million of its common shares.

The share buy-back programme will comprise up to 2.1 million common shares, representing up to 1.54% of the company’s issued share capital. The highest price to be paid per share will be NOK 50.00, but shall in no event exceed the prevailing market price at the Oslo Stock Exchange on the relevant trading day, the company said in a statement.

The shares will be purchased from the open market as well as potentially through private offerings.

The share buy-back programme will commence on December 3 and will continue until and including December 22.

Press Release; Image: BW