SOURCE: Stolt-Nielsen Limited

November 23, 2010 06:29 ET

Stolt-Nielsen Limited Share Buy-Back Programme

LONDON--(Marketwire - 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.

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)


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(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

  • Contacts:

    Jan Chr. Engelhardtsen
    Chief Financial Officer
    UK +44 (0) 20 7611 8972
    Email Contact

    Jens F. Gruner-Hegge
    V.P. Corporate Finance
    UK +44 (0) 20 7611 8985
    Email Contact