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BW Offshore: BW Ideol AS – NOK 575 million private placement successfully completed
March 12, 2021 14:42 ET | Source: BW Offshore BW Offshore Oslo, NORWAY
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BW Ideol AS – NOK 575 million private placement successfully completed
Oslo, 12 March 2021: Reference is made to the stock exchange announcement by BW Offshore Limited (“BW Offshore”) and BW Ideol AS (the “Company” or “BW Ideol”) on 11 March 2021 regarding BW Ideol’s contemplated private placement of new shares in the Company raising up to approximately NOK 500 million in gross proceeds (the “Private Placement”). The Company is pleased to announce that the Private Placement has been s
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.