BW Offshore Limited
("BWO" or the "Company") has entered into a Total Return
Swap ("TRS") agreement with financial exposure to 139 000 shares in BWO. Expiry
date for the TRS agreement is 7 April 2022
, and the TRS price is NOK 50.95
share. Following this transaction, BWO holds TRS agreements with financial
exposure to 1 732 000 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
This transaction concludes the hedging programme in relation to the LTIP 2019.
For further information, please contact:
Knut R. Sæthre, CFO, +47 911 17 876
IR@bwoffshore.com or www.bwoffshore.com
About 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
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
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
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