BWLPG BW LPG Ltd.

BW LPG Limited - Key Information Relating to Change of ISIN and CUSIP

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 1 July 2024 regarding the successful completion of the discontinuance of the Company from Bermuda and continuance to Singapore (the "Redomiciliation").

The Redomiciliation entails a change of the ISIN code for the Company's shares traded on the Oslo Stock Exchange and a change of the CUSIP code for the shares traded on the New York Stock Exchange. Please note the following key information regarding the ISIN and CUSIP change:

Issuer: BW LPG Limited

Previous ISIN: BMG173841013

New ISIN: SGXZ69436764

Date of ISIN change: 5 July 2024

Previous CUSIP: G17384101

New CUSIP: Y10230103

Date of CUSIP change: 5 July 2024

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 .

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.

EN
02/07/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on BW LPG Ltd.

BW LPG Ltd: 1 director

Two Directors at BW LPG Ltd bought/maiden bought 3,000 shares at 10.000USD. The significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...

ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Q3 above, Q4 guidance below

EBITDA of USD 190m (79% vs. ABGSC, 43% vs. cons.). Q4 guidance slightly below cons, but timing of AGAS deliveries could matter. Share price up 2-4%.s

Jørgen Lian
  • Jørgen Lian

BW LPG (Buy, TP: NOK205.00) - Well placed for recent challenges

Despite the soft VLGC rates, we remain positive on BW LPG and expect its integrated model with Product Services to offset some of the downside risk in rates on record-high FOB premiums. The underlying product market remains strong, leading to a solid USD72k/day average 2025 arbitrage, which, by utilising the arbitrage as spot rate, implies a potential 27% yield. We reiterate our BUY, but have cut our target price to NOK205 (250).

ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen

ResearchPool Subscriptions

Get the most out of your insights

Get in touch