Reference is made to the Q1 2023 Presentation released 24 May 2023.
BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend and dividend in-kind for Q1 2023.
Cash dividend:
Cash dividend amount: USD 0.035 per share
Declared currency: USD
Dividend in-kind:
Type of dividend: Shares in BW Energy Limited (“Dividend Shares”), which will be delivered to the VPS account on which the respective eligible BW Offshore shareholders hold their shares in BW Offshore.
Total value of Dividend Shares: Approximately USD 5,000,000
Price per Dividend Shares: NOK 28.05 (5-days volume weighted average price (VWAP) end of 22 May 2023)
USDNOK: 10.882 (22 May 2023)
Dividend Shares per BW Offshore share: 0.0107 (rounded downwards to the nearest whole number of Dividend Shares)
Maximum number of Dividend Shares to be distributed: 1,939,943
Timeline:
Date of approval: 23 May 2023
Last day inclusive: 25 May 2023
Ex-date: 26 May 2023
Record date: 30 May 2023
Dividend payment date and delivery of Dividend Shares to shareholders: On or about 6 June 2023
