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08.03.2022 - Long-Term Incentive Programme - new awards With reference to stock exchange release dated 8 April 2019. The Board of Directors of BW Offshore Limited ( BWO or the Company ) has approved the award of share options under the Long-Term .
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With reference to stock exchange release dated 8 April 2019.
The Board of Directors of BW Offshore Limited ( BWO or the Company ) has approved the award of share options under the Long-Term Incentive Programme (LTIP) adopted in 2019, to align the interests of the participating employees with those of the Company s shareholders. This is the third annual award under the LTIP. The LTIP is discretionary, and participants are invited on an annual basis.
The total number of options awarded under the LTIP for 2021 is 1,849,600 where each option will give the holder the right to acquire one BW Offshore share. A total of 60 BW Offshore employees have been invited to participate in the programme.