Stolt-Nielsen Limited Commences Open Market Partial Tender Offer for Up to $47 Million of SNL Common Shares
(Thomson Reuters ONE) -
LONDON, April 11, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) today commenced
an open market partial tender offer ("Offer") for SNL common shares with a total
maximum value of $47 million. The Offer represents the remainder of the $50
million buy-back programme announced by SNL on November 19, 2010.
The Offer is being carried out through a bookbuilding process. SNL has retained
ABG Sundal Collier and Fearnley Fonds as bookrunners to advise on and effect the
Offer.
The bookbuilding commences immediately and will close no later than 18:00 CET
April 12, 2011. Pricing and allocation will follow shortly thereafter. The
trade date will be April 13, 2011 and settlement will take place on April
18, 2011. SNL reserves the right to amend any order and decide the final price
and size of the Offer.
The Offer is being conducted in accordance with the SNL buy-back programme
announced on November 19, 2010 and this notice replaces the plan to repurchase
stock announced on November 23, 2010.
For additional information please contact:
Jan Chr. Engelhardtsen Jens F. Grüner-
Hegge
Chief Financial Officer VP Corporate
Finance
UK +44 (0) 20 7611 8972 UK
+44 (0) 20 7611 8985
j.engelhardtsen(at)stolt.com j.gruner-
hegge(at)stolt.com
Christen Heiberg Petter Skar
ABG Sundal Collier
Fearnley Fonds
Oslo +47 4801 6053 Oslo +47 9246 4642
christen.heiberg(at)abgsc.no
p.skar(at)fearnleys.no
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 pursuant to section
5-12 of the Norwegian Securities Trading Act.
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
[HUG#1505267]
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2011 - 17:35 Uhr
Sprache: Deutsch
News-ID 53380
Anzahl Zeichen: 4255
contact information:
Town:
London
Kategorie:
Business News
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"Stolt-Nielsen Limited Commences Open Market Partial Tender Offer for Up to $47 Million of SNL Common Shares"
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