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.
