BW Offshore: Mandatory notification of trades
(Thomson Reuters ONE) -
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.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BW Offshore via GlobeNewswire
[HUG#1950817]
Unternehmensinformation / Kurzprofil:
Datum: 10.09.2015 - 07:30 Uhr
Sprache: Deutsch
News-ID 419070
Anzahl Zeichen: 2433
contact information:
Town:
Oslo
Kategorie:
Business News
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"BW Offshore: Mandatory notification of trades"
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