UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities
Exchange Act of 1934
(Amendment No. 1)*
DORIAN LPG LTD.
(Name of Issuer)
Common Shares, Par Value $0.01
(Title of Class of Securities)
Y2106R110
(CUSIP Number)
Nick Fell
BW Maritime Pte. Ltd.
Mapletree Business City, #18-01
10 Pasir Panjang Road
Singapore 117438
Telephone: +65 (0) 6434 5818
(Name, Address and Telephone Number
of Person
Authorized to Receive Notices and Communications)
August 27, 2015
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
Cusip No. Y2106R110 | 13D | Page 2 of 11 |
1. |
NAMES OF REPORTING PERSONS
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ |
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3. | SEC USE ONLY |
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4. | SOURCE OF FUNDS (see instructions) |
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5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | |||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Cyprus |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 6,000,000 (See Item 5) | ||
8. | SHARED VOTING POWER -0- | |||
9. | SOLE DISPOSITIVE POWER 6,000,000 (See Item 5) | |||
10. | SHARED DISPOSITIVE POWER -0- |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,000,000 (See Item 5) |
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12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☐ |
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13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.3% (See Item 5)* |
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14. | TYPE OF REPORTING PERSON (see instructions) CO |
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* | The calculation assumes that there are a total of 58,057,493 Common Shares outstanding as of August 27, 2015, which is based
on information provided by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2015 (the “Q2 2015
10-Q”). |
Cusip No. Y2106R110 | 13D | Page 3 of 11 |
1. |
NAMES OF REPORTING PERSONS
|
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ |
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3. | SEC USE ONLY |
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4. | SOURCE OF FUNDS (see instructions) |
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5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | |||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 0 (See Item 5) | ||
8. | SHARED VOTING POWER -0- | |||
9. | SOLE DISPOSITIVE POWER 0 (See Item 5) | |||
10. | SHARED DISPOSITIVE POWER -0- |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) |
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12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☐ |
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13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% (See Item 5) |
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14. | TYPE OF REPORTING PERSON (see instructions) CO |
Cusip No. Y2106R110 | 13D | Page 4 of 11 |
1. |
NAMES OF REPORTING PERSONS
|
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ |
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3. | SEC USE ONLY |
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4. | SOURCE OF FUNDS (see instructions) |
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5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | |||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 6,000,000 (See Item 5) | ||
8. | SHARED VOTING POWER -0- | |||
9. | SOLE DISPOSITIVE POWER 6,000,000 (See Item 5) | |||
10. | SHARED DISPOSITIVE POWER -0- |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,000,000 (See Item 5) |
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12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☐ |
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13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.3% (See Item 5)* |
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14. | TYPE OF REPORTING PERSON (see instructions) CO |
* The calculation assumes that there are a total of 58,057,493 Common Shares outstanding as of August 27, 2015, which is based on information provided by the Issuer in the Q2 2015 10-Q.
Cusip No. Y2106R110 | 13D | Page 5 of 11 |
1. |
NAMES OF REPORTING PERSONS
|
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ |
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3. | SEC USE ONLY |
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4. | SOURCE OF FUNDS (see instructions) |
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5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | |||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION Cyprus |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 6,000,000 (See Item 5) | ||
8. | SHARED VOTING POWER -0- | |||
9. | SOLE DISPOSITIVE POWER 6,000,000 (See Item 5) | |||
10. | SHARED DISPOSITIVE POWER -0- |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,000,000 (See Item 5) |
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12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☐ |
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13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.3% (See Item 5)* |
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14. | TYPE OF REPORTING PERSON (see instructions) OO |
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* The calculation assumes that there are a total of 58,057,493 Common Shares outstanding as of August 27, 2015, which is based on information provided by the Issuer in the Q2 2015 10-Q. |
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Cusip No. Y2106R110 | 13D | Page 6 of 11 |
Item 1. Security and Issuer.
This Amendment No. 1 to Schedule 13D amends and supplements the statement on Schedule 13D originally filed on July 28, 2015 (the “Schedule 13D” and, as amended and supplemented by this Amendment No. 1, this “Statement”) with respect to the Common Shares, par value $0.01 per share (the “Common Shares”), of Dorian LPG Ltd., a company incorporated under the laws of the Republic of the Marshall Islands (the “Issuer”). The Issuer’s principal executive offices are located at 27 Signal Road, Stamford, Connecticut 06902. Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Schedule 13D.
Item 3. Source or Amount of Funds or Other Consideration.
The response set forth in Item 3 of the Schedule 13D is hereby amended by adding the following third paragraph: “On August 27, 2015, the Option expired. As a result, on August 27, 2015, LPG ceased to be the beneficial owner of more than five percent of the Common Shares of the Issuer.”
Item 5. Interest in Securities of the Issuer.
The response set forth in Item 5 of the Schedule 13D is hereby amended by deleting subparagraphs (a) and (b) of the previous response in their entirety and replacing them with the following:
a. | Assuming that there are a total of 58,057,493 Common Shares outstanding as of August 27, 2015, which is based on information provided by the Issuer in the June 29 Form S-3, (i) Euroholdings directly beneficially owns 6,000,000 Common Shares, which represent 10.3% of the outstanding Common Shares, (ii) BWG indirectly beneficially owns such 6,000,000 Common Shares, which represent 10.3% of the outstanding Common Shares and (iii) the Foundation also indirectly beneficially owns such 6,000,000 Common Shares, which represent 10.3% of the outstanding Common Shares. Following the expiration of the Option, LPG beneficially owns zero Common Shares. |
b. | Assuming that there are a total of 58,057,493 Common Shares outstanding as of August 27, 2015, which is based on information provided by the Issuer in the June 29 Form S-3, (i) Euroholdings has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of 6,000,000 Common Shares, (ii) BWG also has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of such 6,000,000 Common Shares and (iv) the Foundation also has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of such 6,000,000 Common Shares. Following the expiration of the Option, LPG has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposition of zero Common Shares. |
Cusip No. Y2106R110 | 13D | Page 7 of 11 |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: August 31, 2015
BW EUROHOLDINGS LIMITED
By: /s/ Nicholas Fell
Name: Nicholas Fell
Title: Authorized Signatory
BW LPG LIMITED
By: /s/ Stephen Harper
Name: Stephen Harper
Title: Authorized Signatory
BW GROUP LIMITED
By: /s/ Nicholas Fell
Name: Nicholas Fell
Title: Authorized Signatory
SOHMEN FAMILY FOUNDATION
By: /s/Andreas Sohmen-Pao
Name: Andreas Sohmen-Pao
Title: Authorized Signatory
Cusip No. Y2106R110 | 13D | Page 8 of 11 |
SCHEDULE 1-A
Directors and Executive Officers of BW Euroholdings Limited
Name | Business Address | Principal Occupation or Employment | Citizenship | |||
Board of Directors | ||||||
Billy Chiu |
c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 |
Company Director | Singaporean | |||
Andrea Maria Christodoulides
Panos Lampropoulos |
c/o BW Gas Cyprus Ltd Ariadne House, 4th floor, Office 41 333, 28th October street, 3106, Limassol Cyprus c/o195 Arch. Makarios III Ave, Neocleous House, 3030 Limassol, Cyprus
|
Company Director
Company Director |
British
Cyprus | |||
Executive Officers
|
||||||
None |
Cusip No. Y2106R110 | 13D | Page 9 of 11 |
SCHEDULE 1-B
Directors and Executive Officers of BW LPG Limited
Name | Business Address | Principal Occupation or Employment | Citizenship | |||
Board of Directors | ||||||
Andreas Sohmen-Pao |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Chairman and Company Director | Austrian | |||
John B. Harrison |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Vice-Chairman and Company Director | British | |||
Dato’ Jude P Benny |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Company Director | Singaporean | |||
Andreas Beroutsos |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Company Director | Greek | |||
Anne Grethe Dalane |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Company Director | Norwegian | |||
Anders Onarheim |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Company Director | Norwegian | |||
Executive Officers
|
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Andrew Charles Hoare |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Chief Commercial Officer | British | |||
Martin Ackermann |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Chief Executive Officer | Danish | |||
Elaine Ong Yi Ling |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Chief Financial Officer | Singaporean | |||
Pontus Kristofer Berg |
c/o Mapletree Business City #17-02 10 Pasir Panjang Road Singapore 117438 |
Senior Vice President, Owner's Representative | Swedish |
Cusip No. Y2106R110 | 13D | Page 10 of 11 |
SCHEDULE 1-C
Directors and Executive Officers of BW Group Limited
Name | Business Address | Principal Occupation or Employment | Citizenship | |||
Board of Directors | ||||||
Andreas Sohmen-Pao |
c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 |
Chairman and Company Director | Austrian | |||
Amaury de Seze |
c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 |
Company Director | French | |||
Peter Denis Sutherland
John B. Harrison
Sir John Rose
Tan Hwee Hua @ Lim Hwee Hua |
c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438
|
Company Director
Company Director
Company Director
Company Director |
Irish
British
British
Singaporean | |||
Executive Officers
|
||||||
Carsten Mortensen
Nicholas John Oxleigh Fell
Yngvil Signe Eriksson Asheim
Lars Pedersen
Sebastien Brochet
Billy Chiu
|
c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438
|
Chief Executive Officer
Senior Vice President, Corporate Services & General Counsel
Managing Director, BW Shipping
Managing Director, BW Fleet Management
Vice President, Strategy, Corporate Development & HR
Senior Vice President, Quality, Audit & Compliance
|
Danish
British
Norwegian
Danish
French
Singaporean | |||
Nicholas Murray Gleeson | c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438
|
Chief Financial Officer | Australian |
Cusip No. Y2106R110 | 13D | Page 11 of 11 |
SCHEDULE 1-D
President and Members of the Sohmen Family Foundation
Name | Business Address | Principal Occupation or Employment | Citizenship | |||
President | ||||||
Helmut Sohmen |
23rd Floor, No.9 Des Voeux Road West, Hong Kong SAR, China |
Company Director |
Austrian | |||
Members
|
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Hansjoerg Kaltenbrunner
|
Schoenbrunngasse 64, Graz, Austria
|
Company Director | Austrian | |||
Dr. Karl Josef Hier | Heiligkreuz 6, Postfach 484, FL-9490 Vaduz, Liechtenstein | Law Partner, Marxer & Partner |
Austrian
| |||
Andreas Sohmen-Pao |
c/o Mapletree Business City #18-01 10 Pasir Panjang Road Singapore 117438 |
Chairman and Company Director |
Austrian |