Stolt-Nielsen S.A. Recommends No Final Dividend for 2009
February 19 2010 - 2:13AM
Marketwired
Stolt-Nielsen S.A. (Oslo Børs: SNI) announced today that the
Company's Board of Directors decided not to recommend a final
dividend payment for 2009. The recommendation by the Board
reflected the Company's emphasis on conserving cash, pending
evidence of a sustained recovery in its key markets. The total
dividend for 2009 will therefore be $0.50 per Common Share, which
was paid on December 9, 2009.
Contacts:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (SNSA or the "Company") is one of the world's
leading providers of transportation services for bulk liquid
chemicals, edible oils, acids, and other specialty liquids. The
Company, through the parcel tanker, tank container, terminal, rail
and barge services of its wholly owned subsidiary Stolt Tankers
& Terminals and Stolt Tank Containers, provides integrated
transportation solutions for its customers. Stolt Sea Farm, wholly
owned by the Company, produces and markets high quality turbot,
sole, sturgeon, and caviar. Stolt-Nielsen is currently 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)
[HUG#1386263]
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