Scorpio Tankers Inc. announces the purchase of call options by
MONACO, May 25, 2021 (GLOBE NEWSWIRE) – Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) has announced that Company President Robert Bugbee has purchased call options on a total of 500,000 common shares (or 5,000 call option contracts) of the Company for a total consideration of $ 1,565,000. Call option contracts have an exercise price of $ 25.00 and expire in January 2022.
About Scorpio Tankers Inc.
Scorpio Tankers is a supplier of marine transportation of petroleum products worldwide. The company’s fleet consists of 131 tankers owned, leased or chartered without crew (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.3 years . Additional information about the Company is available on the Company’s website www.scorpiotankers.com, which is not part of this press release.
The 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 to encourage companies to provide forward-looking information about their activities. Forward-looking statements include statements about future plans, objectives, goals, strategies, events or performance, as well as underlying assumptions and other statements, which are other than statements of historical fact. The Company wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this caveat in connection with this “safe harbor” legislation. The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “target”, “project”, “likely”, “can”, “will” , “Would”, “could” and similar expressions identify forward-looking statements.
The forward-looking statements contained in this press release are based on various assumptions, many of which, in turn, are based on other assumptions, including, without limitation, management’s review of operating trends. historical data, data contained in company records and other data available from third parties. Although management believes that these assumptions were reasonable when made, given that these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of the Company, there can be no assurance that the company will meet or achieve these expectations. , beliefs or projections. The Company assumes no obligation, and specifically disclaims any obligation, except as required by law, to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. .
In addition to these important factors, other important factors which, in the opinion of the Company, could cause actual results to differ materially from those discussed in forward-looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, profits, synergies, performance, indebtedness, financial position, losses, future prospects, business and management strategies for the management, duration and severity of the the ongoing novel coronavirus (COVID-19) epidemic, including its effect on the demand for petroleum products and their transportation, the expansion and growth of the Company’s business, risks associated with the integration of assets or activities of entities that it has or could acquire in the future and the possibility that the synergies and other benefits expected from these acquisitions will not be realized within the expected timeframe or not at all, the inability of the cont returned to fully execute their contracts with the company, strength of global economies and currencies, general market conditions including fluctuations in charter rates and vessel values, changes in demand for vessel capacity -tanks, changes in the company’s operating expenses, including bunker prices, dry docks and insurance costs, the company’s vessel market availability of financing and refinancing, performance of the counterparty of the charter, ability to obtain financing and to comply with the terms of these financing agreements, changes in government rules and regulations or actions taken by regulatory authorities, potential liability in the event of pending or future litigation, general policy conditions national and international, potential disruption of shipping routes due to accidents or political events s, ship breakdowns and non-hiring cases, and other factors. Please see the Company’s filings with the SEC for a more complete discussion of some of these and other risks and uncertainties.
Scorpio Tankers Inc.