| GlobeNewswire

Scorpio Tankers Inc. Announces Purchase of Call Options by President of the Company

MONACO, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the President of the Company, Robert Bugbee, has purchased call options on 150,000 common shares (or 1,500 call option contracts) of the Company with strike price of $28.00 and an expiration of January 2020 for the consideration of $492,000.

About Scorpio Tankers Inc.
Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company currently owns or finance leases 109 product tankers (38 LR2 tankers, 12 LR1 tankers, 45 MR tankers and 14 Handymax tankers) with an average age of 4.1 years and bareboat charters-in 10 product tankers (three MR tankers and seven Handymax tankers).  The fleet numbers excluded the ships to be acquired from Trafigura (see press release from September 24, 2019).

Forward-Looking Statements
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 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. Scorpio Tankers 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 Scorpio Tankers 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 management, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that we have 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, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off‐hires, and other factors. Please see Scorpio Tankers’ filings with the SEC for a complete discussion of certain of these and other risks and uncertainties.

Contact Information
Scorpio Tankers Inc.
(212) 542-1616


Miles Taylor @MilesTaylor47 - 33 minutes ago
$fro $dht $tk $tnk $stng $pxs $tops $nat #oil $wtic $uso #commodities #lng How twilight zone tanker rates transla… https://t.co/7Xwm6GBaDr
cybercash28 @MadMraket - an hour ago
Moved Above Upper Price Channel : $RETA $SHOP $HOV $STNG $UPLD
Ed McCabe @eddiemac3356 - an hour ago
@oliviabvoz Shippers definitely worth attention. Almost all breaking out. How about $STNG please? Thanks, Eduardo
Harris Market Trends @pharris667 - an hour ago
IBD Relative Strength @ New Highs $COUP $RH $STNG $ASML $CZZ 5 of 10 Read: https://t.co/LStMOlSueY
Bust @Bust40960533 - 2 hours ago
@PatternProfits You're taking profits on $STNG even though it's still on your velocity leaderboard?
io @ioTrader - 2 hours ago
52 week high closing scan $ACM, $LPG, $FRO, $STNG #stocks #trading https://t.co/c4uDVsoRnW
SwingTradeBot @SwingTradeBot - 3 hours ago
Scan results - New 52 Week Closing High today: $SES $ACM $HGV $LPG $FRO $STNG $TRNO $AAN $ASML $TSM $NTRA $WHR… https://t.co/9RWvTaNAbW
Sam Chambers @SamChambers - 3 hours ago
RT @MilesTaylor47: $fro $dht $tk $tnk $stng $pxs $tops $nat One in five VLCCs hit by sanctions https://t.co/YJAaY9NHaw
Splash @Splash_247 - 3 hours ago
RT @MilesTaylor47: $fro $dht $tk $tnk $stng $pxs $tops $nat One in five VLCCs hit by sanctions https://t.co/YJAaY9NHaw
The Options Insider @Options - 3 hours ago
High #Options Volume for October 14, 2019 from @optionrats - $PPL $ALXN $TUR $XSP $PG $SKX $EMB $STNG $WEN and $ET… https://t.co/piIgSc45sA
Option Research @optionrats - 3 hours ago
The Top 10 Nasdaq-100 tickers by options volume vs normal volume are $PPL $ALXN $TUR $XSP $PG $SKX $EMB $STNG $WEN… https://t.co/aj34prvr9K
SystematiCK Trader @SystematiCK_ - 3 hours ago
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Tickeron @Tickeron - 4 hours ago
$STNG's 10-day Moving Average moved above its 50-day Moving Average on September 10, 2019. View odds for this and o… https://t.co/9jVQwdPXVo
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