BW Offshore Limited ("BWO" or the "Company") has entered into a Total Return Swap ("TRS") agreement with financial exposure to 200 000 shares in BWO. Expiry date for the TRS agreement is 7 April 2022, and the TRS price is NOK 50.68 per share. Following this transaction, BWO holds TRS agreements with financial exposure to 1 593 000 shares.
The TRS agreement was entered into in connection with the Company's long-term share option programme (as further detailed in the announcement dated 8 April 2019).
For further information, please contact:
Knut R. Sæthre, CFO, +47 911 17 876
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 of the Norwegian Securities Trading Act.