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.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >