24 March 2021
Extraordinary General Meeting Completed, Change Of Company Name and New Share Capital
OSLO / SINGAPORE, 24 March 2021
Reference is made to the stock exchange announcement published by Epic Gas Ltd. (the "Company") on 2 March 2021 regarding the notice for the extraordinary general meeting of the Company. All items on the agenda were approved by the shareholders.
As of today, the Company's new corporate name is BW Epic Kosan Ltd.
The minutes from the extraordinary general meeting are attached hereto and will also be available on the Company's website www.bwek.com.
Pursuant to the authorisation to issue shares granted by the shareholders in the extraordinary general meeting, the board of directors of the Company has resolved to issue a total of 45,894,406 new shares as consideration to Lauritzen Kosan A/S and a joint venture owned 50% by Lauritzen Kosan A/S pursuant to the transaction agreement dated 23 December 2020, as previously announced.
Post-completion of the share issue, there are 152,510,755 shares issued. BW Group Limited will be the largest shareholder of the Company with 58% of the shares, followed by Lauritzen Kosan A/S with 26% of the shares.
About BW Epic Kosan
BW Epic Kosan Ltd. owns and operates the world’s largest fleet of gas carriers providing seaborne services for the transportation of liquefied petroleum gas and petrochemicals. The Company controls a fleet of 76 vessels which serve the international supply chains of leading oil majors and commodity traders throughout Asia, Europe, Africa, and the Americas. The Company has significant commercial and technical capability across pressurised, semi-refrigerated, refrigerated gas and petrochemical transportation, and aims to deliver customers the best solution for their transportation needs, along with leading service and operational standards. The Company is headquartered in Singapore, with Copenhagen as a regional office alongside offices in London, Manila, and Tokyo. The Company’s shares are listed and tradable on Euronext Growth Oslo under the symbol “EPIC”.
For further information visit our website www.bwek.com, or contact:
BW Epic Kosan Ltd.
Chief Executive Officer
Chief Financial Officer
T: +65 6230 7801
Please click here to download a copy of this announcement.
Please click here to download a copy of the EGM Meeting Minutes.