LONDON, April 21, 2016 (GLOBE NEWSWIRE) — Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that all agenda items were approved at its Annual General Meeting of shareholders held on April 21, 2016 at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda, including the election of Samuel Cooperman as the Company’s Chairman of the Board, and Tor Olav Trøim as the Company’s fourth independent Director.
Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said, “Sam Cooperman joined Stolt-Nielsen in 1974 and held a number of senior management positions, including Chairman and Chief Executive Officer of Stolt-Nielsen Transportation Group. Few people have more experience in the chemical logistics business. I look forward to working with Sam and benefitting from his knowledge and wisdom in the years to come. I am also pleased to welcome Tor Olav Trøim, a Director and Vice Chairman of Golar LNG Limited and a partner in Magni Partners UK, who adds a wealth of experience to the SNL Board.”
The final dividend for 2015 of $0.50 per Common Share as recommended by the Board of Directors on February 11, 2016 was approved, and will be paid on May 12, 2016 to shareholders of record as of April 27, 2016.
For additional information please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@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 develops opportunities 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.
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 the 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.
HUG#2005749
Source: TransportationLogistics