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Scorpio Tankers: Purchase of Call Options by Company President

Finance & EconomyHeadlinesThe WireTop Stories

Scorpio Tankers announced that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 1,000,000 common shares (or 10,000 call option contracts) of the Company for total consideration of $2,698,000.

The call option contracts have a strike price of $14.00 and an expiration of January 2022.

Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, finance leases or bareboat charters-in 131 product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.5 years.

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