BW Offshore: Mandatory notification of trade
BW Offshore Limited (BWO) has today under a long-term bonus plan undertaken the following transactions as cash settlements, which has been used to purchase shares in the market:
CEO Marco Beenen received the equivalent of 4.037 shares, purchased at NOK 53.20 per share
COO Kei Ikeda received the equivalent of 5.867 shares purchased at NOK 52.60 per share
CCO Rune Bjorbekk received the equivalent of 5.298 shares purchased at NOK 52.20 per share
The shares will be restricted until June 2020.
Following the above transactions, Marco Beenen will hold 41 455 shares, Rune Bjorbekk will hold 153 145 shares and Kei Ikeda will hold 11 901 shares in BWO.
For further information, please contact:
Ståle Andreassen, CFO
+65 97 27 86 47
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. For more information, please visit www.bwoffshore.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act