Stolt-Nielsen to repurchase stock

Stolt-Nielsen Limited has announced that its Board of Directors has authorised the company to purchase up to $30 million worth of its Common Shares.

Stolt-Nielsen Limited’s three largest business divisions are Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers, making the company a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids. Additionally, it operates Stolt Sea Farm and Stolt-Nielsen Gas, developing opportunities in LPG and LNG shipping and distribution.

The shares will be purchased through open market transactions and private offerings in accordance with applicable laws and regulations, and purchased shares will be held as treasury shares. The purchases will continue until the targeted amount of $30 million has been reached, but will be halted in the period 15 March 2016 until 11 April 2016, when the company will have released the first quarter results.