BW LPG Ltd (GB:0QIX) has released an update.
BW LPG Ltd has announced an accelerated vesting of the first tranche of share options granted in March 2022, which will now vest on 23 August 2024, instead of 2025, due to a dividend-adjusted strike price of less than NOK 1. These 503,889 options are part of the Long-Term Incentive Plan (LTIP 2022) for senior management and key employees. The settlement will be carried out using the company’s treasury shares.
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