Monday, 20 July 2015

Scorpio Tankers Inc. Announces Agreement to Sell Shares of Dorian LPG Ltd - 20/07/2015

Scorpio Tankers Inc. Announces Agreement to Sell Shares of Dorian LPG Ltd

Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced that it has agreed to sell 6 million common shares of Dorian LPG Ltd. (NYSE: LPG) owned by the Company to BW Euroholdings Limited, a wholly owned subsidiary of BW Group Limited, for a purchase price of $15.34 per share. 

The shares will be sold pursuant to an effective resale registration statement filed by Dorian LPG on July 8, 2015, and are expected to be delivered to BW Euroholdings Limited on or around July 22, 2015.

Following the sale, the Company will continue to own 3,392,083 shares of Dorian's common stock, which is approximately 5.8% of Dorian. 

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