BW LPG Increases Stake in Aurora LPG

Image Courtesy: BW LPG

Singapore’s gas carrier owner BW LPG received acceptances for 3.42 percent of the share capital and voting rights in Oslo-listed Aurora LPG after it launched a voluntary unconditional tender offer for all the remaining shares in the company in late October.

Following close of trading on December 2, 2016, BW LPG received acceptances under the offer for 1,015,429 Aurora LPG shares.

As a result, BW LPG has received acceptances for a total of 5,544,694 shares and votes in Aurora LPG corresponding to 18.68% of the share capital and voting rights in the company. This includes the acceptances from all the pre-accepting shareholders.

Additionally, a shareholder owning over 4.9 million shares in Aurora LPG informed BW LPG after close of trading on December 2 that it had instructed its custodian bank to accept the offer for all its Aurora LPG shares.

Together with the 9.73 million Aurora LPG shares already owned by BW LPG Holding Limited, BW LPG now owns and holds rights to a total of over 20.19 million shares, representing 68.05% of the issued shares and voting rights in Aurora LPG.

BW LPG said that it does not own any other rights to acquire shares in Aurora LPG.

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