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Navigator Gas Announces Commencement of Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas
LONDON, March 19, 2026 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (NYSE: NVGS) (“Navigator Gas,” the “Company,” “we,” or “our”) announced today that BW Group Limited, the selling shareholder of the Company (the “Selling Shareholder”), is offering for sale to the public a total of 7,000,000 shares (the “Offered Shares”) of the Company’s common stock (the “Secondary Offering”). The Company is not offering any shares of its common stock in the Secondary Offering and will not receive any proceeds f
About this update from Navigator Holdings Ltd.
[{"type":"image","alt":"Navigator Holdings Ltd.","displaySize":"","headline":null,"caption":"Navigator Holdings Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":28,"url":"https://media.zenfs.com/en/globenewswire.com/58fef961feb626aeef8f648d09652435"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XGQkvltYY7zFFYP2S9yj_A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM5/https://media.zenfs.com/en/globenewswire.com/58fef961feb626aeef8f648d09652435","width":300,"height":28}},"lazy":false},{"type":"text","content":"LONDON, March 19, 2026 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (NYSE: NVGS) (“Navigator Gas,” the “Company,” “we,” or “our”) announced today that BW Group Limited, the selling shareholder of the Company (the “Selling Shareholder”), is offering for sale to the public a total of 7,000,000 shares (the “Offered Shares”) of the Company’s common stock (the “Secondary Offering”).","length":379,"tagName":"p"},{"type":"text","content":"The Company is not offering any shares of its common stock in the Secondary Offering and will not receive any proceeds from the sale of its shares of common stock in the Secondary Offering.","length":189,"tagName":"p"},{"type":"text","content":"In addition, the Company intends to purchase from the underwriters in the Secondary Offering 3,500,000 shares of common stock (the “Share Repurchase”), at a price per share equal to the public offering price. No underwriting discount or commissions will be paid to the underwriters with respect to the shares of our common stock we intend to purchase from the underwriters. The Share Repurchase is expected to be funded with cash on hand. The terms and conditions of the Share Repurchase were approved by the Board of Directors of the Company. The Share Repurchase is conditioned upon the completion of the Secondary Offering, as well as the satisfaction of customary closing conditions, and is expected to close concurrently with the completion of the Secondary Offering. The completion of the Secondary Offering is not conditioned upon the completion of the Share Repurchase.","length":877,"tagName":"p"},{"type":"text","content":"Citigroup, DNB Carnegie, Fearnley Securities and Pareto Securities are acting as joint book-running managers for the Secondary Offering.","length":136,"tagName":"p"},{"type":"text","content":"A shelf registration statement on Form F-...