Stolt-Nielsen Limited
oslo : SNI

April 11, 2011 11:45 ET

Stolt-Nielsen Limited Commences Open Market Partial Tender Offer for Up to $47 Million of SNL Common Shares

LONDON, NORWAY--(Marketwire - Apr 11, 2011) -

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.

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


Contact Information

  • For additional information please contact:
    Jan Chr. Engelhardtsen
    Chief Financial Officer
    UK +44 (0) 20 7611 8972
    Email Contact

    Christen Heiberg
    ABG Sundal Collier
    Oslo +47 4801 6053
    Email Contact

    Jens F. Grüner-Hegge
    VP Corporate Finance
    UK +44 (0) 20 7611 8985
    Email Contact

    Petter Skar
    Fearnley Fonds
    Oslo +47 9246 4642
    Email Contact