Singapore ,9 October 2023 -BW Epic Kosan Ltd (the "Company") refers to today's announcement regarding the offer fromWeb Holding Limited to acquire all shares in the Company (the "Offer"), and the Company's decision to cancel existing options in connection therewith. The board of directors of the Company has resolved to settle all outstanding share options prior to the Offer. The option holders will receive the difference between the exercise price for the various options and the cash consideration in the Offer ofNOK 24 in cash. Please see the attached forms regarding cancellation of options held by primary insiders of the Company.BW Epic Kosan Ltd.
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