Results

Euronav NV

10/12/2021 | Press release | Distributed by Public on 10/12/2021 14:12

DISCLOSURE REGARDING A TRANSPARENCY NOTIFICATION - Form 6-K

DISCLOSURE REGARDING
A TRANSPARENCY NOTIFICATION

(article 14, 1st paragraph, of the Law of 2 May 2007
relating to the disclosure of
important shareholdings in listed companies)

1.
Summary of the notification

ANTWERP, Belgium, 11 October 2021 - Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") received a transparency notification on 8 October 2021 from C.K. Limited according to which C.K. Limited holds 5.50% of the voting rights in the Company.

2.
Content of the notification

C.K. Limited

The notification dated 8 October 2021 contains the following information:

Reason for the notification:
Acquisition or disposal of voting securities or voting rights

Notification by:
A parent undertaking or a controlling person

Persons subject to the notification requirement:
C.K. Limited, 28, Esplanade St. Helier, Jersey JE2 3QA
Greenwich Holding Limited, John Kennedy, Iris House, 7th Floor, Flat/Office 740B 3106, Limassol, Cyprus
Famatown Finance Limited, John Kennedy, Iris House, 7th Floor, Flat/Office 740B 3106, Limassol, Cyprus

Transaction date:
4 October 2021

Threshold that is crossed:
5%

Denominator:
220,024,713




PRESS RELEASE
Regulated information
Monday 11 October 2021 - 08:00 am CET
_______________________________________



Notified details:


A) Voting rights
Previous notification
After the transaction
Number of voting rights
Number of voting rights
% of voting rights
Holder of voting rights
Linked to securities
Not linked to securities
Linked to securities
Not linked to securities
C.K. Limited
0
0
0
0,00%
0,00%
Famatown Finance Limited
12,106,000
5.50%
Subtotal
12,106,000
5.50%
TOTAL
12,106,000
0
5.50%
0,00%


B) Equivalent financial instruments
After the transaction
Holders of equivalent financial instruments
Type of financial instrument
Expiration date
Exercise period or date
# of voting rights that may be acquired if the instrument is exercised
% of voting rights
Settlement
TOTAL
0
0.00%


TOTAL (A & B)
# of voting rights
% of voting rights
12,106,000
5.50%

Full chain of controlled undertaking through which the holding is effectively held:
C.K. Limited controls Greenwich Holdings Limited, which in its turn controls Famatown Finance Limited.

Additional information
N/A


PRESS RELEASE
Regulated information
Monday 11 October 2021 - 08:00 am CET
_______________________________________




3.
Miscellaneous

This press release is available on the Company's website in the investor relations section: https://www.euronav.com/investors/company-news-reports/press-releases/2021/.

The transparency notification is available on the Company's website in the investor relations section:https://www.euronav.com/en/investors/share-securities-information/transparency-declaration/declaration/



*
* *




Contact:
Brian Gallagher - Head of IR, Research and Communications & Management Board member
Tel: +44 20 78 70 04 36

Next announcement: Q3 2021 results Thursday 4 November 2021
About Euronav
Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav's owned and operated fleet consists of 2 V-Plus vessels, 45 VLCCs (with further three under construction), 25 Suezmaxes (one of which is in a joint venture and two vessels time chartered in) with a further five under construction and 2 FSO vessels (both owned in 50%-50% joint venture).

Regulated information within the meaning of the Royal Decree of 14 November 2007.


PRESS RELEASE
Regulated information
Monday 11 October 2021 - 08:00 am CET
_______________________________________




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", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" 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 the failure of counterparties to fully perform their contracts with us, 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 our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our 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 our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.