Friday, 20 July 2018

BW LPG nominates three individuals for Dorian's board


 
KUALA LUMPUR, July 17 (Bernama) -- BW LPG Ltd (BW LPG) -- the leading owner and operator of LPG vessels -- notified Dorian LPG (Dorian) to nominate three individuals to stand for election to Dorian's board of directors at Dorian's 2018 Annual Meeting of Shareholders.

"We are nominating three independent, highly qualified directors who each have a proven track record and have expressed their commitment to act in the best interest of all Dorian shareholders," said BW LPG chief executive officer, Martin Ackermann.

The individuals are Baudoin Lorans (a private equity investor, currently serves as senior advisor to Presidio Investors), Ouma Sananikone (a senior investment executive, currently serves as a non-executive director of Macquarie Infrastructure Corp) and Jeffrey Schwarz (co-founder of Metropolitan Capital Advisors Inc).

BW LPG also intends to file a proxy statement with the Securities and Exchange Commission accompanied by a white proxy card in connection with Dorian's 2018 Annual Meeting, a statement said.

Most recently, the company had increased its all-stock proposal to combine with Dorian, under which Dorian shareholders would receive 2.12 BW LPG shares for each Dorian share on July 9.

BW LPG has four decades of operating experience in LPG shipping and experienced seafarers and staff. The company offers a flexible and reliable service to customers.

More information at www.bwlpg.com.

-- BERNAMA

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