Aurora LPG - 500 Beiträge pro Seite

[R-BgO]

...ist der vierte "große" Lpg-Tankerbetreiber;

kommt ur Ergänzung der peergroup auf die watchlist.

Ist praktisch auf Insolvenzniveau gepreist.

[R-BgO]

Antwort auf Beitrag Nr.: 53.158.842 von R-BgO am 29.08.16 14:42:32

vielleicht auch deswegen,

sind sie die optimistischsten, was die weitere Marktprognose angeht:

[R-BgO]

Antwort auf Beitrag Nr.: 53.158.842 von R-BgO am 29.08.16 14:42:32

könnten bald weggefischt sein:

schmale Prämie auf vorherigen Börsenkurs


Acquisition of shares in Aurora LPG Holding and decision to launch voluntary offer

(Singapore, 20 September 2016)


BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG") hereby announces that on 19 September 2016, BW LPG Holding Limited, a wholly owned subsidiary of BW LPG, acquired 877,813 shares (2.96%) in Aurora LPG Holding ASA ("Aurora LPG"). Following this acquisition, BW LPG Holding Limited owns 9,730,654 shares in Aurora LPG, corresponding to 32.79% of the total number of shares in issue.

BW LPG further announces that it will launch a voluntary tender offer (the "Offer") for all the remaining shares in Aurora LPG for a consideration for each share in Aurora LPG consisting of either:

0.3175 shares in BW LPG and NOK 6.15 in cash, or NOK 12.30 in cash.

The Offer will be subject to a minimum acceptance ratio of 90% (including the shares already owned by BW LPG), competition clearances and other customary conditions. BW LPG is in the process of preparing an offer document for the Offer, and the Offer will be launched following regulatory approval of the offer document, expected to take place at the beginning of November 2016.

A shareholder, Transpetrol Limited representing 2,919,655 shares (9.84%) has irrevocably undertaken to accept the Offer for all of its shares in Aurora LPG.

BW LPG and Transpetrol Limited together, excluding treasury shares held by Aurora LPG, represent 44.17% of shares in Aurora LPG in support of the Offer.

"We believe that the Offer will provide an attractive opportunity for the Aurora LPG shareholders, to maintain exposure to and participate in, the future upside in the VLGC market. The combination of BW LPG and Aurora LPG will create a stronger player in the challenging environment in our industry.

The combined entity will have a significant, modern and high quality fleet, a strong platform and the financial resources required to continue its operations through this challenging period", says Martin Ackermann, CEO of BW LPG.


=> NOK 6,15 / 0,3175 Aktien = NOK 19,37 implizite Bewertung für die BW-Aktie (aktueller Kurs NOK 21,18)

[R-BgO]

Antwort auf Beitrag Nr.: 53.310.330 von R-BgO am 20.09.16 11:32:26

Singapore’s gas carrier owner BW LPG has decided to increase its offer for all the remaining shares in Oslo-listed Aurora LPG.

Following discussions with the Board of Directors of Aurora LPG, the company has increased the consideration in the offer to either 0.3175 shares in BW LPG and NOK 7.40 in cash; or NOK 13.55 in cash, from the previously planned offer of NOK 12.30, for each Aurora LPG share.

BW LPG is in the process of preparing an offer document for the offer, which will be launched following regulatory approval of the offer document, expected to take place at the beginning of November 2016.

The company has received additional irrevocable undertakings from shareholders in Aurora LPG, including from Sundt AS, representing 1.302.937 shares (or 4.39%), to accept the offer for their shares in Aurora LPG.

Together with the shareholders which have undertaken to accept the offer, BW LPG holds 15.006.217 shares in Aurora LPG (52.39%), excluding treasury shares held by Aurora LPG.

“After having explored multiple options to enhance shareholder values both before and following the initial offer from BW LPG to acquire Aurora LPG, the Board is of the opinion that this enhanced offer represents the best solution for our shareholders, taking into consideration both financial outcome and transaction risk. Based on this, Sundt AS has also committed to accept the upcoming offer to acquire all shares of Aurora LPG,” said Leiv Askvig, Chairman of Aurora LPG and CEO of Sundt AS.

[freddy1989]

Hier was neues zu de LPG Preisen

http://www.platts.com/latest-news/oil/singapore/emerging-win…

[R-BgO]

Antwort auf Beitrag Nr.: 53.503.560 von freddy1989 am 18.10.16 23:53:40

Squeeze-out & Tschüss

Implementation of compulsory acquisition to acquire all shares in Aurora LPG Holding ASA
This announcement is not for release, publication or distribution (directly or indirectly) in or to the
United States, Canada, Australia or Japan. It is not an offer of securities for sale in or into the United
States, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, South Africa or Japan.


BW LPG - Implementation of compulsory acquisition to acquire all shares in Aurora LPG Holding ASA

(Singapore, 12 December 2016)

Reference is made to the stock exchange announcement made by BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG") on 7 December 2016 regarding the final result of BW LPG's voluntary unconditional tender offer (the "Offer") to acquire all the outstanding shares in Aurora LPG Holding ASA ("Aurora LPG") not already owned by BW LPG or Aurora LPG.

BW LPG hereby announces that pursuant to section 4-25 of the Norwegian Public Limited Liability Companies Act (the "Companies Act"), BW LPG has resolved to carry out a compulsory acquisition of the remaining shares in Aurora LPG not owned by BW LPG or Aurora LPG with effect from end of trading on 12 December 2016.

BW LPG is offering to pay NOK 16 per share that is acquired through the compulsory acquisition. The
redemption price corresponds to the offer price in the Offer.

Settlement of the redemption price to the minority Aurora LPG shareholders will take place on 14 February 2017. The total consideration offered to the minority shareholders of Aurora LPG Holding ASA is NOK
16,744,736. The amount has been placed on a separate bank account in DNB Bank ASA.

In accordance with section 4-25 of the Companies Act, the former shareholders of Aurora LPG have a right to receive a consideration for the shares that have been acquired by means of the compulsory acquisition, and to reject or raise objections with regard to the offered redemption price. Any objections to, or rejections of, the offered redemption price must be raised prior to 14 February 2017. Former shareholders who do not object to, or reject, the offered redemption price within this deadline will lose their right to object to, or reject, the offered redemption price and are deemed to have accepted the offer, cf. section 4-25 of the Companies Act. Those who object to or reject the offered redemption price prior the lapse of the deadline may request that the consideration be determined by the Norwegian courts by legal assessment.

A letter regarding the compulsory acquisition and settlement thereof will be sent to all former shareholders subject to the compulsory transfer whose addresses are known. In addition, the compulsory acquisition will be announced through the electronic bulletin of the Norwegian Register of Business
Enterprises.

As a result of the compulsory acquisition, BW LPG will pursue a de-listing of the shares in Aurora LPG from Oslo Axess. A separate stock exchange announcement will be published regarding such de-listing.