The highest price to be paid per share will be NOK 120 ($17.83) but Stolt said it will not exceed the prevailing market price.
As of today, the company’s shares were trading between NOK 113 and NOK 116.
The buyback programme will comprise up to 3.1m common shares.
It represents up to 4.83% of Stolt’s issued share capital.
Starting from today, the scheme will continue until 10 December and the shares will be bought both from the open market and through private offers.
