Stamford, Conn. - July 16, 2018
Dorian LPG Ltd. (NYSE: LPG) ("Dorian" or the "Company") today confirmed that BW LPG (OB: BWLPG) has submitted the names of three director candidates to stand for election at Dorian's 2018 Annual General Meeting of Shareholders (the "2018 Annual Meeting"). Dorian has previously received a revised unsolicited proposal from BW LPG to combine with Dorian.
The Company's Board of Directors will review all of BW LPG's actions and respond as appropriate in due course. Dorian shareholders are not required to take any action at this time.
John Hadjipateras, Dorian Chairman and CEO, said: "The Company's Board of Directors is currently comprised of extremely qualified, experienced and dedicated directors, who are intensely focused on shareholder value creation and the successful execution of Dorian's strategy."
Evercore is serving as a financial advisor and Wachtell, Lipton, Rosen & Katz and Seward & Kissel LLP are serving as legal advisors to the Company.
About Dorian LPG Ltd.
Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG's fleet currently consists of twenty-two modern VLGCs. Dorian LPG has offices in Stamford, Connecticut, USA, London, United Kingdom and Athens, Greece.
Dorian LPG Ltd. press release