Stolt-Nielsen Limited Announces Programme to Repurchase Common Shares
(Thomson Reuters ONE) -
LONDON, November 18, 2014 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced
today that its Board of Directors has resolved to initiate a buy-back programme
to purchase up to $50 million worth of its common shares.
The buy-back programme will comprise up to 3,100,000 common shares, representing
up to 4.83% of the Company's issued share capital. The highest price to be paid
per share will be NOK 120.00, but shall in no event exceed the prevailing market
price at the Oslo Stock Exchange on the relevant trading day. The shares will
be purchased from the open market as well as through private offerings.
The buy-back programme is being initiated on November 18, 2014 and will continue
until and including December 10, 2014. The shares purchased will be held in
Treasury.
Contacts:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen(at)stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge(at)stolt.com
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of
integrated transportation solutions for bulk liquid chemicals, edible oils,
acids, and other specialty liquids through its three largest business divisions,
Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm
produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-
Nielsen Gas develops opportunities in LPG and LNG shipping and distribution.
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
Forward-Looking Statements
This press release contains "forward-looking statements" based on information
available to the Company on the date hereof, and the Company assumes no
obligation to update any such forward-looking statement. These statements may be
identified by the use of words like "anticipate," "believe," "estimate,"
"expect," "intend," "may," "plan," "project," "will," "should," "seek," and
similar expressions. The forward-looking statements reflect the Company's
current views and assumptions and are subject to risks and uncertainties. The
Company does not represent or warrant that the Company's actual future results,
performance or achievements will be as discussed in the those statements, and
assumes no obligation to, and does not intend to, update any of those forward-
looking statements other than as may be required by applicable law.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stolt-Nielsen Limited via GlobeNewswire
[HUG#1872531]
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2014 - 16:35 Uhr
Sprache: Deutsch
News-ID 353696
Anzahl Zeichen: 3479
contact information:
Town:
London
Kategorie:
Business News
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"Stolt-Nielsen Limited Announces Programme to Repurchase Common Shares"
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