Stolt-Nielsen Limited's Strategic Share Buy-back Update
Stolt-Nielsen Limited Share Buy-back Programme Overview
Stolt-Nielsen Limited (Oslo Børs: SNI) has made significant strides in managing its share buy-back programme, which continues to reflect its commitment to maximizing shareholder value. The current phase of the buy-back programme, involving up to $30,000,000, sees a remaining budget of $8,754,827.55 to support ongoing shares repurchases.
Recent Transactions Under the Buy-back Initiative
The buy-back programme, which began on April 7, is set to persist until either the total allocation of shares is acquired or until October 2 of the current year. During the latest transaction period from April 14 to April 18, a total of 39,000 shares were bought back, averaging NOK 226.7367 per share. These purchases were conducted under stringent 'safe harbor' regulations, which cap buy-backs at 25% of the average daily trade volume over the preceding 20 days. All transactions were executed on Euronext Oslo Børs.
Transaction Summary
The following table showcases the recent share buy-backs conducted by SNI:
Date: 14.04.2025, Volume: 15,000 shares, Average Price: NOK 225.9086, Total Cost: NOK 3,388,629
Date: 15.04.2025, Volume: 14,000 shares, Average Price: NOK 229.0018, Total Cost: NOK 3,206,025
Date: 16.04.2025, Volume: 10,000 shares, Average Price: NOK 224.8076, Total Cost: NOK 2,248,076
Date: 17.04.2025, Volume: 0 shares, No Cost
Date: 18.04.2025, Volume: 0 shares, No Cost
Total Repurchases and Financial Insights
Notably, the aggregate repurchases under this buy-back programme have already amounted to 116,000 shares. These transactions were achieved at a weighted average price of NOK 216.1727 per share, culminating in a total financial outlay of NOK 25,076,035.
Previously Published Repurchases
To provide a complete picture, previously published figures under this buy-back initiative reflect a total volume of 77,000 shares acquired at an average price of NOK 210.8221, resulting in an expense of NOK 16,233,305.
Total Own Shares Owned
With the conclusion of the recent buy-back transactions, Stolt-Nielsen now holds a total of 5,116,000 of its own shares, which corresponds to approximately 8.742% of the total share capital. This strategic move underscores the company's proactive management approach to enhance investor confidence and reflect its robust market presence.
Future Outlook on Share Buy-back Programme
As Stolt-Nielsen Limited continues to navigate the complexities of the current market, the buy-back programme reflects a significant portion of their financial strategy. This initiative not only reassures investors of the company's commitment to delivering value but also positions SNI favorably for future growth and stability.
Frequently Asked Questions
What is the purpose of the buy-back programme?
The buy-back programme is designed to enhance shareholder value by reducing the number of shares outstanding, thereby increasing the value of each remaining share.
How many shares has Stolt-Nielsen repurchased recently?
Recently, Stolt-Nielsen repurchased a total of 39,000 shares between April 14 and April 18.
What is the total number of shares currently owned by SNI?
Stolt-Nielsen currently owns a total of 5,116,000 shares, amounting to 8.742% of its share capital.
What is the significance of the average trading price?
The average trading price per share provides insights into the company's financial health and investor confidence in the stock.
Who can I contact for more information?
For further inquiries, you can reach out to Jens F. Grüner-Hegge, Chief Financial Officer, or Ellie Davison, Head of Corporate Communications at Stolt-Nielsen Limited.
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