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HomeMaritime NewsRegionsEuropeStolt-Nielsen fills one third of buyback programme on second day

Stolt-Nielsen fills one third of buyback programme on second day

Stolt-Nielsen fills one third of buyback programme on second day
Stolt-Nielsen Limited has agreed to buy 1m of its own shares at NOK110 per unit ($16.2), one day after announcing a 3.1m share buyback programme.

The first transaction, a private tender, accounts for $16.2m of the $50m programme and will leave Stolt-Nielsen's treasury holding 10.96% of the company, or 7m shares.

The buyback programme has an upper limit of NOK120 per share, will comprise up to 3.1m shares or 4.83% of the company and will end on 10 December 2014.

TAGS: Tankers Finance & Insurance Stolt Nielsen
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