Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program
15 7월 2024 - 7:45PM
Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the
“Company”) announced that it recently repurchased 756,312 of its
common shares in the open market at an average price of $78.07 per
share under the 2023 Securities Repurchase Program. Since June 1,
2024, the Company has repurchased an aggregate of 1,397,966 of its
common shares in the open market at an average price of $78.16 per
share. There is $140.7 million available under the 2023
Securities Repurchase Program as of July 12, 2024.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine
transportation of petroleum products worldwide. Scorpio Tankers
Inc. currently owns or lease finances 107 product tankers (39 LR2
tankers, 54 MR tankers and 14 Handymax tankers) with an average age
of 8.3 years. The Company has entered into agreements to sell five
of its MR tankers, which are expected to close in the third quarter
of 2024. Additional information about the Company is available at
the Company’s website www.scorpiotankers.com, which is not a part
of this press release.
Forward-Looking Statements
Matters discussed in this press release may
constitute forward‐looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward‐looking statements in order to encourage companies to
provide prospective information about their business.
Forward‐looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The Company desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The
words “believe,” “expect,” “anticipate,” “estimate,” “intend,”
“plan,” “target,” “project,” “likely,” “may,” “will,” “would,”
“could” and similar expressions identify forward‐looking
statements.
The forward‐looking statements in this press
release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without
limitation, management’s examination of historical operating
trends, data contained in the Company’s records and other data
available from third parties. Although management believes that
these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond the Company’s control, there can be no assurance that the
Company will achieve or accomplish these expectations, beliefs or
projections. The Company undertakes no obligation, and specifically
declines any obligation, except as required by law, to publicly
update or revise any forward‐looking statements, whether as a
result of new information, future events or otherwise.
In addition to these important factors, other
important factors that, in the Company’s view, could cause actual
results to differ materially from those discussed in the
forward‐looking statements include unforeseen liabilities, future
capital expenditures, revenues, expenses, earnings, synergies,
economic performance, indebtedness, financial condition, losses,
future prospects, business and management strategies in response to
epidemics and other public health concerns including any effect on
demand for petroleum products and the transportation thereof,
expansion and growth of the Company’s operations, risks relating to
the integration of assets or operations of entities that it has or
may in the future acquire and the possibility that the anticipated
synergies and other benefits of such acquisitions may not be
realized within expected timeframes or at all, the failure of
counterparties to fully perform their contracts with the Company,
the strength of world economies and currencies, general market
conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in
the Company’s operating expenses, including bunker prices,
drydocking and insurance costs, the market for the Company’s
vessels, availability of financing and refinancing, charter
counterparty performance, ability to obtain financing and comply
with covenants in such financing arrangements, changes in
governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future litigation,
general domestic and international political conditions, including
the impact of the conflict in Ukraine and the developments in the
Middle East, including the armed conflict between Israel and Hamas,
potential disruption of shipping routes due to accidents or
political events, vessels breakdowns and instances of off‐hires,
and other factors. Please see the Company’s filings with the SEC
for a more complete discussion of certain of these and other risks
and uncertainties.
Contact Information
Scorpio Tankers Inc.James Doyle – Head of Corporate Development
& Investor RelationsTel: +1 646-432-1678Email:
investor.relations@scorpiotankers.com
Scorpio Tankers (NYSE:STNG)
과거 데이터 주식 차트
부터 7월(7) 2024 으로 8월(8) 2024
Scorpio Tankers (NYSE:STNG)
과거 데이터 주식 차트
부터 8월(8) 2023 으로 8월(8) 2024