NEW YORK, Sept. 19, 2016 /PRNewswire/ -- Aegean Marine
Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company")
today announced that on September 15,
2016, it has closed on its previously announced repurchase
of 11,303,031 shares. Following this share repurchase, the Company
has a total of 39,403,822 shares outstanding.
About Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. is an international marine
fuel logistics company that markets and physically supplies refined
marine fuel and lubricants to ships in port and at sea. The Company
procures product from various sources (such as refineries, oil
producers, and traders) and resells it to a diverse group of
customers across all major commercial shipping sectors and leading
cruise lines. Currently, Aegean has a global presence in over than
30 markets and a team of professionals ready to serve our customers
wherever they are around the globe. For additional information
please visit: www.ampni.com.
Cautionary Statement Regarding 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," "intend,"
"anticipate," "estimate," "project," "forecast," "plan,"
"potential," "may," "should," "expect" 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, our management's examination of historical
operating trends, data contained in our records and other data
available from third parties. Although we believe 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 our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors
that, in our view, could cause actual results to differ materially
from those discussed in the forward-looking statements include our
ability to manage growth, our ability to successfully consummate,
integrate and realize the expected benefits from acquisitions, our
ability to successfully consummate proposed transactions, our
ability to maintain our business in light of our proposed business
and location expansion, our ability to obtain double hull
secondhand bunkering tankers, the outcome of legal, tax or
regulatory proceedings to which we may become a party, adverse
conditions in the shipping or the marine fuel supply industries,
our ability to retain our key suppliers and key customers, material
disruptions in the availability or supply of crude oil or refined
petroleum products, changes in the market price of petroleum,
including the volatility of spot pricing, increased levels of
competition, compliance or lack of compliance with various
environmental and other applicable laws and regulations, our
ability to collect accounts receivable, changes in the political,
economic or regulatory conditions in the markets in which we
operate, and the world in general, our failure to hedge certain
financial risks associated with our business, our ability to
maintain our current tax treatments and our failure to comply with
restrictions in our credit agreements, our ability to attract and
retain senior management and other key employees, and other
factors. Please see our filings with the U.S. Securities and
Exchange Commission for a more complete discussion of these and
other risks and uncertainties. We undertake no obligation to update
any forward-looking statement to reflect events or circumstances
after the date on which such statement is made or to reflect the
occurrence of unanticipated events, except as otherwise required by
applicable law.
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SOURCE Aegean Marine Petroleum Network Inc.