Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the
“Company”) announced today that its Board of Directors declared a
quarterly cash dividend of $0.01 per share, payable on or about
September 29, 2017 to all shareholders as of September 25, 2017
(the record date). As of September 13, 2017, there were
280,218,861 shares outstanding.
Additionally, the Company plans to issue its second quarter 2017
earnings before the market open on Monday, September 18, 2017 and
will host a conference call later in the day at 11:00 AM Eastern
Daylight Time and 5:00 PM Central European Summer Time.
Conference Call DetailsDate: Monday, September 18, 2017 Time:
11:00 AM Eastern Daylight Time and 5:00 PM Central European Summer
Time
US Dial-In Number: 1 (855) 861-2416
International Dial-In Number: +1 (703) 736-7422
Conference ID: 82599975
Participants should dial into the call 10 minutes before the
scheduled time.
The information provided on the teleconference is only accurate
at the time of the conference call, and the Company will take no
responsibility for providing updated information.
Slides and Audio Webcast:There will also be a simultaneous live
webcast over the internet, through the Scorpio Tankers Inc. website
www.scorpiotankers.com. Participants for the live webcast should
register on the website approximately 10 minutes prior to the start
of the webcast.
Webcast URL: https://edge.media-server.com/m6/p/m4trjq6a
About Scorpio Tankers Inc.
Scorpio Tankers is a provider of marine transportation of
petroleum products worldwide. Scorpio Tankers now currently has 105
owned or finance leased product tankers (38 LR2 tankers, 12 LR1
tankers, 41 MR tankers and 14 Handymax tankers) with an average age
of 2.2 years and time or bareboat charters-in 19 product tankers
(one LR2 tanker, nine MR tankers and nine Handymax tankers).
Scorpio Tankers also has contracted for four newbuilding MR product
tankers which are expected to be delivered throughout the remainder
of 2017 and the first quarter of 2018.
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. Scorpio Tankers 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
company 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 companies’ control, there
can be no assurance that Scorpio Tankers will achieve or accomplish
these expectations, beliefs or projections. We undertake no
obligation, and specifically decline 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 our 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 for the management, expansion and growth of
our operations, risks relating to the integration of NPTI’s
operations and the possibility that the anticipated synergies and
other benefits of the acquisition will not be realized or will not
be realized within the expected timeframe, the outcome of any legal
proceedings related to the Merger and the related transactions, the
failure of counterparties to fully perform their contracts with us,
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
our operating expenses, including bunker prices, drydocking and
insurance costs, the market for our 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, potential disruption of
shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires, and other factors. Please
see Scorpio Tankers’ filings with the U.S. Securities and Exchange
Commission for a more complete discussion of certain of these and
other risks and uncertainties.
Contacts:
Scorpio Tankers Inc.
9, Boulevard Charles III Monaco 98000
Attn: Investor Relations
+377-9798-5716
investor.relations@scorpiotankers.com
Scorpio Tankers Inc.212-542-1616
Scorpio Tankers (NYSE:STNG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Scorpio Tankers (NYSE:STNG)
Historical Stock Chart
From Apr 2023 to Apr 2024