Reference is made to the stock exchange announcement published on 6 May 2024 regarding the planned corporate restructuring of BW Group Limited's ("BW Group") ownership in BW Energy Limited ("BW Energy") from the maritime business held by BW Group, and the exemption from mandatory offer obligation granted in connection therewith.
BW Group has today, as part of the above corporate restructuring, sold all of
its shares in BW Energy to BW Energy Holdings Limited ("BW Energy Holdings")
(the "Transfer"). The Transfer took place at the carrying value of the BW Energy
shares in BW Group's books.
BW Group and BW Energy Holdings are close associates of Andreas Sohmen-Pao,
Chairman of the board of directors of BW Energy. Please refer to the attached
notification of trading for further details.
Disclosure of shareholding:
Following the purchase of 191,903,110 shares in BW Energy, BW Energy Holdings
holds approximately 74.38% of the issued share capital and voting rights in BW
Energy.
Following the sale of all of its 191,903,110 shares in BW Energy, BW Group has
reduced its shareholding from approximately 74.38% to zero and will no longer
own any shares or hold any voting rights in BW Energy.
Sebastien Brochet, Group CFO
