Mandatory notification of trade
Marco Beenen, CEO of BW Offshore, has settled a Total Return Swap ("TRS") agreement underlying 50,000 shares in BW Offshore Limited (“BWO”) expiring 1 September 2022. Mr Beenen has subsequently entered into a new TRS agreement with exposure to the same number of underlying shares in BWO with expiry date 9 March 2023 and TRS price NOK 27.85 per underlying share. In addition, Mr. Beenen owns 49,993 shares in BWO.
For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40
About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of 10 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.