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Stolt-Nielsen S.A. Announces Voluntary Deregistration from U.S. SEC Reporting Obligations
London, England - May 28, 2008 - Stolt-Nielsen S.A. (Oslo Stock Exchange: SNI)
(the "Company") announced its intention to voluntarily file a Form 15-F with the United States Securities and Exchange Commission (the "SEC") today to deregister and terminate its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Under the SEC rules, the Company's SEC reporting obligations will be immediately suspended upon filing of the Form 15-F, and deregistration will become effective after 90 days, unless the SEC objects. Consequently, the Company will not be filing an Annual Report on Form 20-F covering the 2007 fiscal year.
The Company previously delisted its American Depositary Shares from the Nasdaq Global Select Market on
May 21, 2007 and terminated its American Depositary Receipt programme on
May 24, 2007.
The Company will maintain its listing on the OSE stock market and will continue to provide investors with OSE filings and other timely information on the Company's website at http://www.stolt-nielsen.com.
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
Jens F. Gruner-Hegge
V.P. Corporate Finance
U.K. +44 (0) 20 7611 8985
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiary Stolt Tankers & Terminals and Stolt Tank Containers, provides integrated transportation solutions for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sole, sturgeon, and caviar.