UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE
13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE
ACT OF 1934
For the
month of December 2008
Commission
File Number: 001-33179
AEGEAN
MARINE PETROLEUM NETWORK INC.
(Translation
of registrant's name into English)
42
Hatzikyriakou Avenue
Piraeus,
Athens 185 38
Greece
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
[ X ] Form 40-F [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ________.
Note: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely
to provide an attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ________.
Note: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant's
"home country"), or under the rules of the home country exchange on which the
registrant's securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the
registrant's security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission filing on
EDGAR.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
as Exhibit 1 is a copy of the press release of Aegean Marine Petroleum Network
Inc. (the “Company”) issued on December 15, 2008, announcing the Company’s $25
million share repurchase program.
Exhibit
1
CONTACTS:
Aegean
Marine Petroleum Network
Inc. Investor
Relations:
(212)
763-5665 Leon
Berman, Principal
investor@ampni.com The
IGB Group
(212)
477-8438
Aegean
Marine Petroleum Network Inc. Announces $25 Million Share Repurchase
Program
PIRAEUS,
Greece, December 15, 2008 – Aegean Marine Petroleum Network Inc. (NYSE: ANW)
today announced that its Board of Directors has approved a share repurchase
program for up to a total of $25 million of the Company’s common stock. The
Board will review the program after a period of 12 months. Share
repurchases will be made from time to time for cash in open market transactions
at prevailing market prices or in privately negotiated
transactions. The timing and amount of purchases under the program
will be determined by management based upon market conditions and other
factors.
E.
Nikolas Tavlarios, President, commented, “The adoption of a share repurchase
program demonstrates the Board and management’s confidence in Aegean and its
strong fundamentals. Our solid financial position bodes well for the Company to
further execute its growth strategy and invest in accretive share repurchases
while managing the fluctuation in fuel prices. By maintaining our commitment to
growth while repurchasing shares of Aegean at attractive prices, we expect to
build shareholder value over the near and long term.”
The
program does not require the Company to purchase any specific number or amount
of shares and may be suspended or reinstated at any time in the Company’s
discretion and without notice. Purchases will be subject to restrictions under
Aegean’s senior secured revolving credit facilities.
About
Aegean Marine Petroleum Network Inc.
Aegean
Marine Petroleum Network Inc. is an international marine fuel logistics company
that markets and physically supplies refined marine fuel and lubricants to ships
in port and at sea. As a physical supplier, the Company purchases
marine fuel from refineries, major oil producers and other
sources. The Company sells and delivers these fuels to a diverse
group of ocean-going and coastal ship operators and marine fuel traders, brokers
and other users through its service centers in Greece, Gibraltar, Singapore,
Jamaica, the United Arab Emirates, Northern Europe, West Africa, the United
Kingdom and North America.
Cautionary
Statement Regarding Forward-Looking Statements
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.
The
Company 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,"
"intend," "anticipate," "estimate," "project," "forecast," "plan," "potential,"
"may," "should," "expect" 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, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe 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 our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
In
addition to these important factors, other important factors that, in our view,
could cause actual results to differ materially from those discussed in the
forward-looking statements include our ability to manage growth, our ability to
maintain our business in light of our proposed business and location expansion,
our ability to obtain double hull secondhand bunkering tankers, the outcome of
legal, tax or regulatory proceedings to which we may become a party, adverse
conditions in the shipping or the marine fuel supply industries, our ability to
retain our key suppliers and key customers, material disruptions in the
availability or supply of crude oil or refined petroleum products, changes in
the market price of petroleum, including the volatility of spot pricing,
increased levels of competition, compliance or lack of compliance with various
environmental and other applicable laws and regulations, our ability to collect
accounts receivable, changes in the political, economic or regulatory conditions
in the markets in which we operate, and the world in general, our failure to
hedge certain financial risks associated with our business, our ability to
maintain our current tax treatments and our failure to comply with restrictions
in our credit agreements and other factors. Please see our filings
with the Securities and Exchange Commission for a more complete discussion of
these and other risks and uncertainties.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
AEGEAN
MARINE PETROLEUM NETWORK INC.
(registrant)
|
Dated: December
15, 2008
|
By: /s/ E. Nikolas Tavlarios
|
|
|
Name:
E. Nikolas Tavlarios
Title: President
|
SK 23250 0002
947590