MONACO, Sept. 23, 2022 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Firm”) introduced at present that it has bought its widespread shares within the open market.
Buy of Frequent Shares
At this time, the Firm bought 220,504 of its widespread shares within the open market at a median value of $40.90 per share as a part of the Firm’s securities repurchase program.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a supplier of marine transportation of petroleum merchandise worldwide. Scorpio Tankers today techs Inc. presently owns, lease funds or bareboat charters-in 113 product tankers (39 LR2 tankers, 60 MR tankers and 14 Handymax tankers) with a median age of 6.7 years. Extra details about the Firm is out there on the Firm’s web site www.scorpiotankers.comwhich isn’t part of this press launch.
Issues mentioned on today techs this press launch might represent ahead‐wanting statements. The Non-public Securities Litigation Reform Act of 1995 gives protected harbor protections for ahead‐wanting statements so as to encourage firms to supply potential details about their enterprise. Ahead‐wanting statements embrace statements regarding plans, goals, objectives, methods, future occasions or efficiency, and underlying assumptions and different statements, that are aside from statements of historic details. The Firm needs to make the most of the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995 and is together with this cautionary assertion in reference to this protected harbor laws. The phrases “consider,” “anticipate,” “anticipate,” “estimate,” “intend,” “plan,” “goal,” “challenge,” “possible,” “might,” “will,” “would,” “might” and comparable expressions establish ahead‐wanting statements.
The ahead‐wanting statements on this press launch are primarily based upon varied assumptions, lots of that are primarily based, in flip, upon additional assumptions, together with with out limitation, administration’s examination of historic working tendencies, knowledge contained within the Firm’s data and different knowledge accessible from third events. Though administration believes that these assumptions had been affordable when made, as a result of these assumptions are inherently topic to important uncertainties and today techs contingencies that are troublesome or unattainable to foretell and are past the Firm’s management, there may be no assurance that the Firm will obtain or accomplish these expectations, beliefs or projections. The Firm undertakes no obligation, and particularly declines any obligation, besides as required by regulation, to publicly replace or revise any ahead‐wanting statements, whether or not because of new data, future occasions or in any other case. Along with these necessary components, today techs different necessary components that, within the Firm’s view, might trigger precise outcomes to vary materially from these mentioned within the ahead‐wanting statements embrace unexpected liabilities, future capital expenditures, revenues, bills, earnings, synergies, financial efficiency, indebtedness, monetary situation, losses, future prospects, enterprise and administration methods for the administration, the size and severity of the continued novel coronavirus (COVID-19) outbreak, together with its impact on demand for petroleum merchandise and the transportation thereof, enlargement and progress of the Firm’s operations, dangers regarding the mixing of property or operations of entities that it has or might sooner or later purchase and the likelihood that the anticipated synergies and different advantages of such acquisitions might not be realized inside anticipated timeframes or in any respect, the failure of counterparties to completely carry today techs out their contracts with the Firm, the power of world economies and currencies, basic market circumstances, together with fluctuations in constitution charges and vessel values, modifications in demand for tanker vessel capability, modifications within the Firm’s working bills, together with bunker costs, drydocking and insurance coverage prices, the marketplace for the Firm’s vessels, availability of financing and refinancing, constitution counterparty efficiency, potential to acquire financing and adjust to covenants in such financing preparations, modifications in governmental guidelines and laws or actions taken by regulatory authorities, potential legal responsibility from pending or future litigation, basic home and worldwide political circumstances, together with the battle in Ukraine, potential disruption of transport routes as a consequence of accidents or political occasions, vessels breakdowns and situations of off‐hires, and different components. Please see the Firm’s filings with the SEC for a extra full dialogue of sure of those and different dangers and uncertainties.
Scorpio Tankers Inc.
James Doyle – Head of Company Improvement & Investor Relations
Tel: +1 646-432-1678
Electronic mail: email@example.com