Euronav NV: Belgium Offer Closing Unaffected by Court Ruling

TL;DR

Court says NO to FourWorld, Euronav deals are DONE.

AI Summary

Euronav NV announced on March 15, 2024, that the Market Court in Belgium denied a request by FourWorld Capital Management LLC funds to suspend the closing of the Belgium offer. Consequently, both the U.S. and Belgian offers have closed as of today.

Why It Matters

This ruling allows Euronav NV to proceed with its offer closings, avoiding potential delays and uncertainties that could have impacted its operations and shareholder value.

Risk Assessment

Risk Level: low — The filing reports a positive outcome for Euronav NV, with a court denying a request to suspend an offer closing, indicating a resolution to a potential impediment.

Key Players & Entities

• Euronav NV (company) — The company filing the report and involved in the offer.
• FourWorld Capital Management LLC (company) — The entity whose funds attempted to suspend the offer closing.
• March 15, 2024 (date) — The date of the press release and the announcement.

FAQ

Filing Documents

• d11004697_6-k.htm (6-K) — 18KB
• image00002.jpg (GRAPHIC) — 28KB
• 0000919574-24-002085.txt ( ) — 57KB

SIGNATURES

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. EURONAV NV (Registrant) Dated: March 15, 2024 By: /s/ Ludovic Saverys Ludovic Saverys Chief Financial Officer EXHIBIT 99.1 PRESS RELEASE Friday 15 March 2024 – 17:00 p.m. CET _______________________________________ FOURWORLD REQUEST ALSO DENIED IN BELGIUM – OFFERS HAVE CLOSED AS SCHEDULED ANTWERP, Belgium, 15 March 2024 – Euronav NV ("EURN", "Euronav" or "the Company") (NYSE: EURN & Euronext: EURN) has been informed that the Market Court in Belgium has also denied a request to suspend the closing of the Belgian offer. The request was filed by certain funds managed by FourWorld Capital Management LLC. Both the U.S. offer and the Belgian offer have closed earlier today as scheduled. More information can be found in the press release by CMB that can be consulted here . Contact: Communications Coordinator – Enya Derkinderen Tel: +32 476646359 Email: communications@euronav.com Head of Marketing & Communications – Katrien Hennin Tel: +32 499393470 Email: katrien.hennin@cmb.be Publication final year results – 4 April 2024 About Euronav NV & CMB.TECH Euronav and CMB.TECH together represent a group with around 150 ocean-going vessels in dry bulk, container shipping, chemical tankers, offshore wind and oil tankers. The group focuses on large marine and industrial applications on hydrogen or ammonia. They also offer hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol EURN. Euronav plans to change the group's name to CMB.TECH. Euronav will remain the oil tanker shipping division within the group. More information can be found at www.euronav.com. About CMB

Forward-Looking Statements

Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour 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 harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour 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 uncertainty as to the number of shares that will be tendered in the Bid and the impact on the continued listing of the shares on the New York Stock Exchange or Euronext Brussels, the fail

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View this 6-K filing on SEC EDGAR