Scorpio Tankers Inc. Announces Pricing of 36,144,578 Shares of Common Stock

Scorpio Tankers Inc. announced yesterday that it has priced the offering of 36,144,578 shares of its common stock, par value $0.01 per share, at a price of $8.30 per share. The offering is expected to close on May 13, 2013. RS Platou Markets, Inc. is acting as sole manager in the offering. RS Platou Markets AS is acting as lead placement agent. DNB Markets Inc., Global Hunter Securities, LLC, Evercore Group L.L.C. and CIS Capital Markets LLC are acting as senior placement agents. ABN AMRO Securities (USA) LLC, DVB Capital Markets LLC and Skandinaviska Enskilda Banken AB are acting as placement agents. RS Platou Markets AS and Skandinaviska Enskilda Banken AB are not U.S. registered broker-dealers and to the extent that the offering is made within the United States, their activities will be effected only to the extent permitted by Rule 15a-6 under the Securities Exchange Act. The net proceeds of the offering are expected to be used for vessel acquisitions, working capital and other general corporate purposes.
The Company's common shares trade on the New York Stock Exchange under the symbol "STNG."
Source: Scorpio Tankers Inc.