UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For the month of May 2020
Commission File Number 001-35466
GasLog Ltd
(Translation of registrant’s name into English)
c/o GasLog Services LNG Ltd.
69 Akti Miaouli 18537
Piraeus Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ Form 40-F o
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): |
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The press release issued by GasLog Ltd. and GasLog Partners LP on May 7, 2020 announcing chief financial officer transition is attached hereto as Exhibit 99.1.
INCORPORATION BY REFERENCE
Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into our registration statement on Form F-3 (File Nos. 333-194894 and 333-230205), filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2014 and March 12, 2019 respectively, as amended and the registration statement on Form S-8 (File No. 333-203139), filed with the SEC on March 31, 2015, in each case to the extent not superseded by information subsequently filed or furnished (to the extent we expressly state that we incorporate such furnished information by reference) by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended
EXHIBIT LIST
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Exhibit |
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Description |
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99.1 |
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Press Release Dated May 7, 2020 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Date: May 7, 2020 |
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GASLOG LTD |
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/s/ Paul A. Wogan |
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Name: |
Paul A. Wogan |
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Title: |
Chief Executive Officer |
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GasLog Ltd. and GasLog Partners LP Announce Chief Financial Officer Transition
PIRAEUS, GREECE – May 7, 2020 – GasLog Ltd. (NYSE:GLOG) (“GasLog”) and GasLog Partners LP (NYSE:GLOP) (“GasLog Partners” or the “Partnership”) (together the “Group”) announced today that, following GasLog’s decision to base its senior management, including the Chief Financial Officer (“CFO”) position, in Greece, Alastair Maxwell has decided not to relocate and will therefore step down from his position as CFO on June 30, 2020. The Boards of GasLog and GasLog Partners have appointed Achilleas Tasioulas, who is presently Deputy CFO, as CFO, effective July 1, 2020. During this period, Alastair will work closely with Achilleas to ensure an orderly transition of responsibilities and Alastair will remain available after leaving to provide his experience and advice, if required.
Alastair Maxwell joined GasLog in February 2017 following 29 years in investment banking and was appointed CFO of GasLog and GasLog Partners in March 2017. His wealth of experience in both energy and finance has been a major asset to the Group across all areas of the Finance function, including leading the debt and equity capital raisings to fund the Group’s expansion.
Achilleas Tasioulas became Deputy CFO of GasLog in December 2019. He joined GasLog in October 2014 as Financial Controller and his role was expanded to Chief Risk Officer, Financial Controller and Head of Tax in August 2017. Achilleas is also a Board Member of Gastrade and a Director of several Group subsidiaries. Immediately prior to joining GasLog, Achilleas was Corporate Controller for NYSE-listed Danaos Corporation for 6 years. He is an ICAEW Fellow Chartered Accountant, has an MSc in Project Analysis, Finance and Investments from the University of York and a BSc in Economics from the University of Macedonia in Greece.
Paul Wogan, GasLog CEO, said, “On behalf of our Chairman Peter Livanos, the Board of GasLog and the Management team, I would like to thank Alastair for the expertise, skill and guidance he has provided over the last 3 years and I wish him continued personal and professional success. I am pleased to congratulate Achilleas on his promotion to CFO. His deep commitment to GasLog, understanding of our business and hands-on experience in Controlling, Financial Reporting, Risk Management and Tax are a huge asset as GasLog focuses on financial resilience, discipline and de-leveraging.”
Andy Orekar, GasLog Partners CEO, said, “On behalf of our Chairman Curt Anastasio and the Board of GasLog Partners, I would like to thank Alastair for his outstanding support of the Partnership’s growth strategy and track record of raising capital in challenging market conditions. Achilleas’ significant contributions to the finance activities of GasLog Partners make him an ideal candidate to succeed Alastair, and his leadership capabilities, risk-based approach and management expertise will be incredibly helpful in the coming years.”
Achilleas Tasioulas commented, “I am delighted to be stepping up to be CFO of GasLog and GasLog Partners at such an important time in the LNG market and in the development of the Group. I look forward to working closely with the rest of the leadership team to harvest our inbuilt growth and to continue to strengthen our financial position today and in the future.”
Contact:
Joseph Nelson
Head of Investor Relations
Phone: +1 212-223-0643
Email: ir@gaslogltd.com
About GasLog
GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog’s consolidated fleet consists of 35 LNG carriers. Of these vessels, 19 (13 on the water and six on order) are owned by GasLog, one has been sold to a subsidiary of Mitsui & Co., Ltd. and leased back to GasLog under a long-term bareboat charter and the remaining 15 LNG carriers are owned by the Company’s subsidiary, GasLog Partners. GasLog’s principal executive offices are at 69 Akti Miaouli, 18537 Piraeus, Greece. Visit GasLog’s website at http://www.gaslogltd.com.
About GasLog Partners
GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under multi-year charters. GasLog Partners’ fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm. GasLog Partners’ principal executive offices are located at 69 Akti Miaouli, 18537, Piraeus, Greece. Visit GasLog Partners’ website at http://www.gaslogmlp.com