SCHEDULE: BW LPG Limited: Major Shareholder Filing Update

Hemen Holding Limited, Greenwich Holdings Limited, and C.K. Limited have jointly filed a Schedule 13G, reporting beneficial ownership of 7.99% of BW LPG Limited's ordinary shares as of March 31, 2026.

Summary

• Hemen Holding Limited, Greenwich Holdings Limited, and C.K. Limited have jointly filed a Schedule 13G, indicating their beneficial ownership of BW LPG Limited's ordinary shares.
• The filing, dated April 13, 2026, covers the event requiring filing on March 31, 2026.
• Collectively, these entities beneficially own 12,093,378 ordinary shares, representing 7.99% of the total outstanding shares.
• The total number of outstanding ordinary shares as of December 31, 2025, was 151,342,653.
• C.K. Limited acts as the trustee for two trusts that indirectly hold the shares of Hemen Holding Limited and Greenwich Holdings Limited.
• Mr. Fredriksen established these trusts for his immediate family's benefit but has no direct economic interest or control over the shares, disclaiming ownership except for potential indirect influence as settlor.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership and does not provide new financial or operational information about the company.

Positives

• Significant beneficial ownership reported by a group of entities, indicating substantial investor interest.
• Clear disclosure of shareholding percentages and amounts, providing transparency to the market.

Negatives

• The filing does not contain financial performance data or operational updates, limiting insight into the company's current health.

Risks

• Potential for significant shareholding to influence corporate control or strategic decisions, although the filing disclaims intent to influence control.
• The indirect ownership structure through trusts and a trustee could introduce complexity in understanding ultimate beneficial ownership and control.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding future company performance.

Management Comments

• Mr. Fredriksen has no economic interest in such Ordinary Shares and disclaims any control over such Ordinary Shares, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant shareholders to disclose their holdings. This filing indicates a substantial, though not controlling, stake in BW LPG Limited by the reporting entities, which is typical in the shipping and energy logistics sector where large, stable shareholdings can influence market perception.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant ownership stakes, potentially influencing market perception and trading activity.
• Management: Awareness of substantial shareholders who may engage in discussions regarding corporate strategy or governance.

Next Steps

• The reporting persons are required to amend this Schedule 13G if any material changes occur in their beneficial ownership.

Key Dates

Keywords

BW LPG Limited, Schedule 13G, Hemen Holding Limited, Greenwich Holdings Limited, C.K. Limited, Shareholder, Beneficial Ownership, Ordinary Shares, SEC Filing, Ownership Disclosure