BW Offshore: Notification of Trade
May 10 2019 - 1:30PM
BW Offshore Limited ("BWO" or the "Company") has
entered into a Total Return Swap ("TRS") agreement with financial
exposure to 200 000 shares in BWO. Expiry date for the TRS
agreement is 7 April 2022, and the TRS price is NOK 50.68 per
share. Following this transaction, BWO holds TRS agreements with
financial exposure to 1 593 000 shares.
The TRS agreement was entered into in connection
with the Company's long-term share option programme (as further
detailed in the announcement dated 8 April 2019).
For further information, please contact:
Knut R. Sæthre, CFO, +47 911 17 876
IR@bwoffshore.com or www.bwoffshore.com
About BW Offshore:
BW Offshore is a leading provider of floating production services
to the oil and gas industry. The company also participates in
developing proven offshore hydrocarbon reservoirs. BW Offshore is
represented in all major oil and gas regions world-wide with a
fleet of 15 owned FPSOs. The company has more than 30 years of
production track record, having executed 40 FPSO and FSO projects.
BW Offshore is listed on the Oslo Stock Exchange.
This information is subject to the disclosure
requirements pursuant to section 5 -12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BW Offshore via Globenewswire
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