Marine Link
Saturday, August 18, 2018

Stolt-Nielsen Initiates Shares Buyback Program

Maritime Activity Reports, Inc.

November 18, 2014

Stolt-Nielsen Limited’s board of directors has resolved to initiate a buyback program to purchase up to $50 million worth of its common shares, the company announced today.

The buyback program 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, 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 buyback program is being initiated on November 18, 2014 and will continue until and including December 10, 2014. The shares purchased will be held in treasury.
 

Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News