BW LPG Ltd ( (GB:0QIX) ) has provided an announcement.
BW LPG has initiated a share buyback program to purchase up to 3 million ordinary shares for a maximum of USD 20 million, starting on 8 April 2025 and ending on 17 April 2025. The decision reflects the company’s view that its current share price is undervalued, as evidenced by recent asset sales and acquisitions. This move is expected to enhance shareholder value and is conducted in compliance with relevant market regulations.
More about BW LPG Ltd
BW LPG is the world’s leading owner and operator of LPG vessels, specializing in Very Large Gas Carriers (VLGC) with a total carrying capacity of over 4 million CBM. With extensive experience in LPG shipping, an in-house LPG trading division, and a growing presence in LPG terminal infrastructure and distribution, BW LPG provides integrated and reliable services across the LPG value chain. It is associated with BW Group, a global maritime leader with a diverse fleet and investments in sustainable technologies.
YTD Price Performance: -21.95%
Average Trading Volume: 32,570
Technical Sentiment Signal: Buy
Current Market Cap: NOK13.84B
For detailed information about 0QIX stock, go to TipRanks’ Stock Analysis page.