Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the
“Company”) announced today repurchases of its common shares, and on
August 2, 2023 the Company will issue second quarter 2023 results
and have a conference call.
Repurchases of Shares
Scorpio Tankers has recently repurchased 838,050
of its common shares in the open market at an average price of
$43.93 per share. There is $213.2 million of remaining availability
under the Company’s 2023 Securities Repurchase Program as of July
17, 2023.
Second Quarter Earnings and Conference
Call
On Wednesday August 2, 2023, the Company plans
to issue its second quarter 2023 earnings press release in the
morning (Eastern Daylight Time) and host a conference call at 8:30
AM Eastern Daylight Time and 2:30 PM Central European Summer
Time.
Title: Scorpio Tankers Inc. Second Quarter 2023
Conference Call
Date: Wednesday August 2, 2023
Time: 8:30 AM Eastern Daylight Time and 2:30 PM
Central European Summer Time
The conference call will be available over the
internet, through the Scorpio Tankers Inc.
website www.scorpiotankers.com and the webcast link:
https://edge.media-server.com/mmc/p/8q35pjcs
Participants for the live webcast should
register on the website approximately 10 minutes prior to the start
of the webcast.
The conference will also be available
telephonically:
US/CANADA Dial-In Number: 1 (833)
636-1321International Dial-In Number: +1 (412) 902-4260Please ask
to join the Scorpio Tankers Inc callParticipants should dial into
the call 10 minutes before the scheduled time.
To access the replay telephonically (valid until
August 16, 2023):
US Toll Free: 1-877-344-7529International Toll:
+1-412-317-0088
Canada Toll Free: 1-855-669-9658
To access dial-in numbers for additional
countries click on the below
linkhttps://services.choruscall.com/ccforms/replay.html
Replay Access Code: 8082952
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.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine
transportation of petroleum products worldwide. Scorpio Tankers
Inc. currently owns, lease finances or bareboat charters-in 112
product tankers (39 LR2 tankers, 59 MR tankers and 14 Handymax
tankers) with an average age of 7.5 years. Additional information
about the Company is available at the Company's website
www.scorpiotankers.com, which is not a part of this press
release.
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,” “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 the Company’s 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 Company’s control, there can be no assurance that the
Company will achieve or accomplish these expectations, beliefs or
projections. The Company undertakes no obligation, and specifically
declines 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 the Company’s 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
continuing impacts of the novel coronavirus (COVID-19) pandemic,
including its effect on demand for petroleum products and the
transportation thereof, expansion and growth of the Company’s
operations, risks relating to the integration of assets or
operations of entities that it has or may in the future acquire and
the possibility that the anticipated synergies and other benefits
of such acquisitions may not be realized within expected timeframes
or at all, the failure of counterparties to fully perform their
contracts with the Company, 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 the Company’s operating expenses,
including bunker prices, drydocking and insurance costs, the market
for the Company’s 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, including the impact of the conflict in Ukraine,
potential disruption of shipping routes due to accidents or
political events, vessels breakdowns and instances of off‐hires,
and other factors. Please see the Company’s filings with the SEC
for a more complete discussion of certain of these and other risks
and uncertainties.
Contact Information
Scorpio Tankers Inc.James Doyle – Head of Corporate Development
& Investor RelationsTel: +1
646-432-1678Email: investor.relations@scorpiotankers.com
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