BW LPG sees a buying opportunity in its stock after the shares dropped sharply in April.
The board of the VLGC-owner has decided to start a buyback programme under which the company can purchase up to 3m ordinary shares for a maximum amount of $20m.
Chief executive Kristian Sorensen said: “We are activating our share buyback programme as the current share price is trading at a significant discount to both implied historical asset values and NAV.”
