Core Viewpoint - BW Offshore Limited has approved new awards under its Long-Term Incentive Programme (LTIP) for 2025, which includes Share Options and Restricted Share Units (RSUs) to align employee interests with those of shareholders [1][2]. Summary by Sections Long-Term Incentive Programme (LTIP) - The LTIP for 2025 includes a total of 800,000 options, each granting the right to acquire one BW Offshore share [2]. - The programme is discretionary, with annual invitations extended to participants [1]. Option Details - The strike price for the options is set at NOK 32.19, calculated based on the volume weighted average share price from five trading days prior to the grant date, plus a 15.76% premium [3]. - Options have a vesting period of three years, followed by a three-year exercise period, and will expire six years after the award date [3]. Conditions and Awards - Options are non-tradable and contingent upon the holder's employment status with the company [4]. - In 2025, 92,400 RSUs were awarded to 18 employees, which will be settled in shares after a three-year vesting period [4]. Key Executives and Awards - Chief Executive Officer Marco Beenen received 300,000 options, while other executives received varying amounts, including: - Chief Financial Officer Ståle Andreassen: 100,000 options - Chief Commercial Officer Mona Rajoo: 100,000 options - Chief Technical Officer Mike McAreavey: 100,000 options - Chief Strategy Officer Anders S. Platou: 100,000 options - General Counsel Ming Yen Yip: 100,000 options [4]. Company Overview - BW Offshore specializes in innovative floating production solutions and operates a fleet of three Floating Production Storage and Offloading (FPSO) units, with aspirations for growth [5]. - The company has approximately 1,100 employees and is publicly listed on the Oslo Stock Exchange [5].