Reference is made to the stock exchange announcement from Stolt-Nielsen Limited
(Oslo Børs: SNI) on April 3, 2025 regarding the continuation of its 2016 share
buy-back programme of up to $30,000,000, with $8,754,827.55 remaining under the
programme.
The buy-back programme commenced on April 7, 2025, and will remain in effect
until the earlier of (i) the acquisition of the maximum number of shares up to
the remaining consideration of $8,754,827.55 as set out above, or (ii) October
2, 2025.
For the period from and including April 14, 2025, through April 18, 2025, SNI
purchased a total of 39,000 shares at an average price NOK 226.7367 per share.
The share purchases have been made in accordance with the "safe harbor" rules,
which includes a limitation of 25% of the average daily volume traded in the
last 20 trading days. All transactions have been made with Euronext Oslo Børs as
trading venue.
Please find below an overview of transactions.
+----------+------------------+------------------------------------+----------+
|Date |Volume |Weighted average price per day (NOK)|Total cost|
| |(number of shares)| |(NOK) |
+----------+------------------+------------------------------------+----------+
|14.04.2025|15,000 |225.9086 |3,388,629 |
+----------+------------------+------------------------------------+----------+
|15.04.2025|14,000 |229.0018 |3,206,025 |
+----------+------------------+------------------------------------+----------+
|16.04.2025|10,000 |224.8076 |2,248,076 |
+----------+------------------+------------------------------------+----------+
|17.04.2025|0 |- |0 |
+----------+------------------+------------------------------------+----------+
|18.04.2025|0 |- |0 |
+----------+------------------+------------------------------------+----------+
Total previously published repurchases under the programme:
+---+--------------------+--------------------------------------+------------+
| | Volume | Weighted average price per day (NOK) | Total cost |
| | (number of shares) | | (NOK) |
+---+--------------------+--------------------------------------+------------+
| | 77,000 | 210.8221 | 16,233,305 |
+---+--------------------+--------------------------------------+------------+
Total repurchases under the programme:
+---+--------------------+--------------------------------------+------------+
| | Volume | Weighted average price per day (NOK) | Total cost |
| | (number of shares) | | (NOK) |
+---+--------------------+--------------------------------------+------------+
| | 116,000 | 216.1727 | 25,076,035 |
+---+--------------------+--------------------------------------+------------+
A detailed overview of all completed transactions under the repurchase programme
carried out during the above time period is attached hereto and available
at www.newsweb.no
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.newsweb.no
%2F&data=05%7C02%7Ckirsty.maccallum%40stolt.com%7C9737d97328ee4562541e08dd76aeb6
3b%7C35d14ae14ee5441ba84a6791dee05c7b%7C0%7C0%7C638797214930910448%7CUnknown%7CT
WFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiT
WFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=8wDvvuD2Q4za%2BysmTENY5Yz%2FmQ0BgycUf
y9u9HnhzLs%3D&reserved=0). Following the completion of the above transactions,
SNI owns a total of 5,116,000 own shares, corresponding to 8.742% of SNI's share
capital.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
For additional information please contact:
Jens F. Grüner-Hegge
Chief Financial Officer
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com (mailto:j.gruner-hegge@stolt.com)
Ellie Davison
Head of Corporate Communications
UK +44 (0) 20 7611 8926
e.davison@stolt.com (mailto:e.davison@stolt.com)
About Stolt-Nielsen Limited
Stolt-Nielsen (SNL or the Company) is a long-term investor and manager of
businesses focused on opportunities in logistics, distribution and aquaculture.
The Stolt-Nielsen portfolio consists of its three global bulk-liquid and
chemicals logistics businesses - Stolt Tankers, Stolthaven Terminals and Stolt
Tank Containers - Stolt Sea Farm and various investments. Stolt-Nielsen Limited
is listed on the Oslo Stock Exchange (Oslo Børs: SNI).