BW Offshore: Mandatory notification of trades
BW Offshore Limited ("BWO") yesterday, under a long-term bonus scheme, sold 35,905 BWO-shares to CFO Knut R. Sæthre, 47,683 BWO-shares to CBDO Claude Rouxel, 43,520 BWO-shares to CTO Thyl Kint and 37,407 BWO-shares to COO Stuart Bannerman. The transaction price was set at NOK 6.28 per share, which represents the average closing price after the release of the annual results. The shares will be restricted until 1 June 2016 and are transferred from BW Offshore's holding of treasury shares.
Following the above transactions, BWO will hold 2,445,020 shares in treasury. Knut R. Sæthre will hold 645,906 shares, Claude Rouxel will hold 1,049,822 shares, Thyl Kint will hold 259,071 shares and Stuart Bannerman will hold 89,907 shares in BWO.
For further information, please contact:
Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322
About BW Offshore:
BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide. The company also operates additional 2 FPSOs. BW Offshore has a long track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 30 years of production, BW Offshore has executed 38 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on www.bwoffshore.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.