BW Offshore: Mandatory notification of trade
Marco Beenen, CEO of BW Offshore, and Ståle Andreassen, CFO of BW Offshore, have entered into Total Return Swap ("TRS") agreements with financial exposure to 50 000 and 30 000 shares in BW Offshore Limited (“BWO”) respectively. Expiry date for the TRS agreement is 2 March 2020, and the TRS price is NOK 68.64 per share. Mr. Beenen holds 41,455 shares and Mr. Andreassen holds 229,273 shares in BWO.
For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance, +47 99 50 47 40
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 the Norwegian Securities Trading Act