Avance Gas Holding Ltd: Completed the tenth VLGC delivery to BW LPG successfully

GlobeNewswire

2024-12-15

Hamilton, Bermuda. December 15, 2024

Avance Gas Holding Ltd ("Avance Gas" or "Company") (OSE:AGAS) refers to the announcement on August 15, 2024, regarding the sale of its VLGC fleet, consisting of twelve vessels, to BW LPG Ltd ("BW LPG" or "Buyer").

Avance Gas announces today the tenth VLGC delivery, the 2015-built scrubber-fitted vessel, Breeze. In connection with the delivery, 1.35 million shares in BW LPG were issued by the Buyer to Avance Gas. Additionally, the Company also received net cash proceeds of approximately $21.5 million after repayment of outstanding debt. Following the delivery, Avance Gas owns 15.791 million shares in BW LPG corresponding to a 10.14% ownership share.

The two remaining vessels are scheduled for delivery to BW LPG by year-end, with press releases to be issued upon completion.

For further queries, please contact:

Media contact: Øystein Kalleklev, CEO, Tel: +47 23 11 40 00

Investor and Analyst contact: Randi Navdal Bekkelund, CFO, Tel: +47 23 11 40 00

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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December 15, 2024</p>\n<p>Avance Gas Holding Ltd (\"Avance Gas\" or \"Company\") (OSE:AGAS) refers to the announcement on August 15, 2024, regarding the sale of its VLGC fleet, consisting of twelve vessels, to BW LPG Ltd (\"BW LPG\" or \"Buyer\").</p>\n<p>Avance Gas announces today the tenth VLGC delivery, the 2015-built scrubber-fitted vessel, Breeze. In connection with the delivery, 1.35 million shares in BW LPG were issued by the Buyer to Avance Gas. Additionally, the Company also received net cash proceeds of approximately $21.5 million after repayment of outstanding debt. Following the delivery, Avance Gas owns 15.791 million shares in BW LPG corresponding to a 10.14% ownership share.</p>\n<p>The two remaining vessels are scheduled for delivery to BW LPG by year-end, with press releases to be issued upon completion. </p>\n<p>For further queries, please contact:</p>\n<p>Media contact: Øystein Kalleklev, CEO, Tel: +47 23 11 40 00</p>\n<p>Investor and Analyst contact: Randi Navdal Bekkelund, CFO, Tel: +47 23 11 40 00</p>\n<p>This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act</p>\n<br/></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Avance Gas Holding Ltd:  Completed the tenth VLGC delivery to BW LPG successfully</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAvance Gas Holding Ltd:  Completed the tenth VLGC delivery to BW LPG successfully\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">GlobeNewswire</strong><span class=\"h-time small\">2024-12-15 19:26</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><img hspace=\"5\" src=\"https://s1.yimg.com/uu/api/res/1.2/JasTIyWWFXnT9_u0ck6DXw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/globenewswire.com/0643318675359ab2da9e237e8808957b\" title=\"logo.jpg\" vspace=\"5\"/>\n<p>Hamilton, Bermuda. December 15, 2024</p>\n<p>Avance Gas Holding Ltd (\"Avance Gas\" or \"Company\") (OSE:AGAS) refers to the announcement on August 15, 2024, regarding the sale of its VLGC fleet, consisting of twelve vessels, to BW LPG Ltd (\"BW LPG\" or \"Buyer\").</p>\n<p>Avance Gas announces today the tenth VLGC delivery, the 2015-built scrubber-fitted vessel, Breeze. In connection with the delivery, 1.35 million shares in BW LPG were issued by the Buyer to Avance Gas. Additionally, the Company also received net cash proceeds of approximately $21.5 million after repayment of outstanding debt. Following the delivery, Avance Gas owns 15.791 million shares in BW LPG corresponding to a 10.14% ownership share.</p>\n<p>The two remaining vessels are scheduled for delivery to BW LPG by year-end, with press releases to be issued upon completion. </p>\n<p>For further queries, please contact:</p>\n<p>Media contact: Øystein Kalleklev, CEO, Tel: +47 23 11 40 00</p>\n<p>Investor and Analyst contact: Randi Navdal Bekkelund, CFO, Tel: +47 23 11 40 00</p>\n<p>This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act</p>\n<br/></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/avance-gas-holding-ltd-completed-112600286.html\">GlobeNewswire</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4182","symbol_name":"重型電氣設備","start_time":0,"source_url":"https://finance.yahoo.com/news/avance-gas-holding-ltd-completed-112600286.html","article_id":"2491220205","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/C6tCYLQRfOLS.MIZpdEtyA--~B/aD04Mjt3PTI4OTthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/globenewswire.com/33865f4d8c3f725ee362a2c42c3fc7fd"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491220205","pubTimestamp":1734261960,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Avance Gas Holding Ltd   refers to the announcement on August 15, 2024, regarding the sale of its VLGC fleet, consisting of twelve vessels, to BW LPG Ltd .Avance Gas announces today the tenth VLGC delivery, the 2015-built scrubber-fitted vessel, Breeze. 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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4182":"重型电气设备","LPG":"Dorian LPG","BK4585":"ETF&股票定投概念","BK4588":"碎股","AVACF":"Avance Gas Holding Ltd.","BW":"Babcock & Wilcox Enterprises Inc","BK4144":"石油与天然气的储存和运输"},"translate_title":"Avance Gas Holding Ltd：成功完成向BW LPG交付第十艘VLGC","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVACF":0.9,"BW":1,"LPG":1},"content_text":"Hamilton, Bermuda. December 15, 2024\nAvance Gas Holding Ltd (\"Avance Gas\" or \"Company\") (OSE:AGAS) refers to the announcement on August 15, 2024, regarding the sale of its VLGC fleet, consisting of twelve vessels, to BW LPG Ltd (\"BW LPG\" or \"Buyer\").\nAvance Gas announces today the tenth VLGC delivery, the 2015-built scrubber-fitted vessel, Breeze. 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