Navigator Gas Announces Commencement of Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas

Group 1 - Navigator Gas filed a shelf registration statement on Form F-3 for a Secondary Offering of its common stock, which was declared effective on July 11, 2023 [1] - The Secondary Offering involves the sale of 6,000,000 shares by BW Group Limited, the selling shareholder, and the company will not receive any proceeds from this sale [10][11] - The company plans to repurchase 3,000,000 shares from the underwriters at the same price as the offering, funded by cash on hand, and this repurchase is contingent upon the completion of the Secondary Offering [12] Group 2 - Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers and is a leader in the transportation of petrochemical gases [3] - The company's fleet includes 56 semi- or fully-refrigerated liquefied gas carriers, with 25 capable of transporting ethylene and ethane [3] - Navigator Gas trades on the New York Stock Exchange under the symbol "NVGS" [4]