Navigator Holdings Ltd. (NVGS) Announces $50M Share Buyback

Navigator Holdings Ltd. (“Navigator” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announced today that its Board of Directors has authorised a new share repurchase plan of up to $50.0 million of Navigator’s common stock (the “Plan”).

Pursuant to the Plan, Navigator may repurchase up to an aggregate of $50.0 million of the Company’s common stock via open market transactions, privately negotiated transactions or any other method permitted under U.S. securities laws and the rules of the U.S. Securities and Exchange Commission.

The timing of any purchases and the number of shares to be purchased under the Plan will be determined by Navigator’s management and will depend on market conditions, legal requirements, stock price and alternative uses of capital, as well as other factors. The Plan does not oblige Navigator to repurchase any of its shares and it may be suspended, discontinued or modified by the Company at any time, for any reason.

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