BW Offshore: Mandatory notification of trade
November 28 2017 - 12:18PM
BW Offshore Limited (BWO) has today under a
long-term bonus plan transferred 18 125 BWO shares to CEO Carl K.
Arnet, 7 356 BWO shares to CFO Knut R. Sæthre, 3 611 shares to CCO
Rune Bjorbekk, 1 806 BWO shares to COO Marco Beenen and 2 417
shares to Head of Projects Kei Ikeda. The transaction price was set
at NOK 25 per share, which represents the average closing price
following the end of the period of the plan. The shares will be
restricted until 1 June 2018.
Following the above transactions,
BWO will hold 15 312 shares in treasury. Carl K. Arnet and his
close associates will hold 2 349 461 shares in BWO, Knut R. Sæthre
will hold 227 358 shares, Rune Bjorbekk will hold 143 611 shares,
Marco Beenen will hold 29 806 shares and Kei Ikeda will hold 2 417
shares in BWO.
For further information, please
contact:
Knut R. Sæthre, CFO, +47 911 17
876
IR@bwoffshore.com or
www.bwoffshore.com
About BW Offshore:
BW Offshore is a
leading global provider of floating production services to the oil
and gas industry. BW Offshore has a fleet of 15 owned FPSOs and one
FSO represented in all major oil & gas regions world-wide. BW
Offshore has a long track record on project execution and
operations. 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.
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BW Offshore via Globenewswire
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