Stolt-Nielsen Limited Share Buy-Back Programme
(Thomson Reuters ONE) -
London, November 23, 2010 - Stolt-Nielsen Limited (Oslo Børs: SNI) refers to the
release of November 19, 2010 announcing authority from the Board of Directors to
the Company on a Plan to Repurchase Stock in accordance with existing
regulations at Oslo Børs for an amount up to USD 50 million.
The Company seeks to repurchase stocks in order to reduce its capital. The
shares will be purchased from the open market. Shares may be purchased within a
price range of NOK 40 to NOK 120 per Common Share. The Company may acquire a
total number of shares corresponding to an amount of up to USD 50 million.
The Plan to Repurchase Stock will start November 23, 2010 and continue up to and
including April 1, 2011.
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 transports liquefied petroleum gas (LPG) with its fleet of very
large gas carriers (VLGCs). 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)
[HUG#1464820]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.11.2010 - 12:19 Uhr
Sprache: Deutsch
News-ID 49025
Anzahl Zeichen: 3457
contact information:
Town:
London
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Stolt-Nielsen Limited Share Buy-Back Programme"
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