TIDMSNI 
 
 
   LONDON, March 16, 2020 -- The Board of Directors of Stolt-Nielsen 
Limited (Oslo Børs: SNI), acting in response to uncertainties 
created by the ongoing coronavirus pandemic, today voted to withdraw its 
previously announced recommendation of a final dividend for 2019 of 
$0.25 per Common Share, which was to be voted on at the Company's Annual 
General Meeting of Shareholders scheduled for April 16, 2020 in Bermuda. 
 
   Commenting on the decision, Niels G. Stolt-Nielsen, Chief Executive 
Officer, said, "Our earlier decision to recommend a final dividend for 
2019, as announced on February 24, 2020, underscored the fundamentally 
solid position of the Company, which at the end of the first quarter of 
2020 had over $500 million in available liquidity, and an increasingly 
promising market outlook for chemical tankers. However, while the 
coronavirus pandemic has had a modest impact on our markets to date, we 
believe this precautionary measure to cancel the final dividend for 2019 
is a financially prudent decision, given current external 
circumstances." 
 
   For additional information please contact: 
 
   Jens F. Grüner-Hegge 
 
   Chief Financial Officer 
 
   U.K. +44 (0) 20 7611 8985 
 
   mailto:j.gruner-hegge@stolt.com j.gruner-hegge@stolt.com 
 
   Ellie Davison 
 
   Head of Corporate Communications 
 
   U.K. +44 (0) 20 7611 8926 
 
   mailto:e.davison@stolt.com e.davison@stolt.com 
 
   About Stolt-Nielsen Limited 
 
   Stolt-Nielsen (SNL or the 'Company') is a long-term investor and manager 
of businesses focused on opportunities in logistics, distribution and 
aquaculture. The Stolt-Nielsen portfolio consists of its three global 
bulk-liquid and chemicals logistics businesses -- Stolt Tankers, 
Stolthaven Terminals and Stolt Tank Containers -- Stolt Sea Farm and a 
number of LNG investments. Stolt-Nielsen Limited is listed on the Oslo 
Stock Exchange (Oslo Børs: SNI). 
 
   This information is subject to the disclosure requirements pursuant to 
Section 5-12 the Norwegian Securities Trading Act

(END) Dow Jones Newswires

March 16, 2020 11:43 ET (15:43 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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