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Scheme meeting date set for shareholders of BW LPG Ltd

BW LPG very large gas carrier BW Balder (Photograph supplied)

The shareholders of BW LPG Ltd, the Bermudian-incorporated liquefied petroleum gas shipper, are to meet on June 12 to vote on a scheme of arrangement that, if approved, would allow the company to move its place of incorporation to Singapore.

The company said the court-sanctioned scheme meeting would be held as a physical meeting in Hamilton.

Shareholders of record at the close of trading on May 16 are entitled to vote at the meeting in respect of the number of shares registered in their name at the record date.

If shareholders approve the scheme, a hearing will be held by the Supreme Court of Bermuda to sanction it.

If the scheme is sanctioned by the court, it will become binding on the company and its shareholders once a copy of the court order is filed with the Registrar of Companies in Bermuda.

BW LPG has also given notice that the 2024 annual general meeting of the company will be held on the same date, after the scheme meeting.

The company has been registered in Bermuda since 2008.

BW LPG is associated with BW Group, a global maritime company involved in shipping, floating infrastructure, deep-water oil and gas production, and new sustainable technologies.

Founded in 1955 by Sir YK Pao, BW controls a fleet of more than 490 vessels transporting oil, gas and dry commodities, with its 200 liquefied natural gas and LPG ships constituting the largest gas fleet in the world.

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Published May 21, 2024 at 3:49 pm (Updated May 21, 2024 at 8:12 pm)

Scheme meeting date set for shareholders of BW LPG Ltd

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