Stolt-Nielsen Limited Recommends Final Dividend for 2018
February 14 2019 - 10:39AM
LONDON, February 14, 2019 -
Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that the
Company's Board of Directors recommended a final dividend for 2018
of $0.25 per Common Share, payable on May 9, 2019 to shareholders
of record as of April 25, 2019. In accordance with the normal
settlement practice, the shares will trade ex-dividend on and after
April 24, 2019.
The dividend, which is subject to
shareholder approval, will be voted on at the Company's Annual
General Meeting of Shareholders scheduled for April 16, 2019 in
Bermuda. If approved, this will bring the full dividend for 2018 to
$0.50 per Common Share.
Mr. Niels G. Stolt-Nielsen, Chief
Executive Officer of Stolt-Nielsen Limited, said, "The Board's
decision to continue with the reduced dividend was driven by our
commitment to deleverage."
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 LPG and LNG shipping and distribution.
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
This information is subject of 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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