Stolt-Nielsen Limited Declares Interim Dividend of $0.25 per Common Share
November 15 2018 - 12:45AM
LONDON, November
15, 2018 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced
today that the Company's Board of Directors approved the payment of
an interim dividend of $0.25 per Common Share. The dividend is
payable on December 12, 2018 to shareholders of record as of
November 28, 2018. The shares will trade ex-dividend on and after
November 27, 2018.
Mr. Niels G. Stolt-Nielsen, Chief
Executive Officer of Stolt-Nielsen Limited, said, "The Board's
decision to maintain the dividend at $0.25 per Common shares was
driven by the continued weak chemical tanker market and the
uncertainty related to the timing of its recovery."
For additional information please
contact:
Jens F. Grüner-Hegge
Chief Financial Officer
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
Ellie Davison
Head of Corporate Communications
U.K. +44 (0) 20 7611 8926
e.davison@stolt.com
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 invests in
opportunities in LPG and LNG shipping and
distribution.
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 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
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Stolt-Nielsen Limited via Globenewswire
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