BW Energy: Mandatory Notifications of Trade by Primary Insiders and Close Associates
Source: www.gulfoilandgas.com 12/19/2023, Location: Europe
Reference is made to the mandatory cash offer by BW Group Limited (the "Offeror") to acquire all remaining shares in BW Energy Limited ("BW Energy or the "Company") for a price of NOK 27.00 per share (the "Offer"), announced in the stock exchange announcement on 13 December 2023.
The Offeror is a close associate to a primary insider in the Company (the primary insider is the chairman of the board of directors of the Company). The Offeror is therefore pursuant to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act required to disclose transactions made in securities in the Company. This includes disclosing acceptances received in the Offer on an ongoing basis.
