Euronav NV Crosses 10% Voting Rights Threshold

TL;DR

Euronav NV's voting rights just jumped over 10% thanks to buybacks.

AI Summary

Euronav NV announced on March 26, 2024, that it has crossed the 10% threshold of voting rights due to recent share buybacks. This transparency notification was dated March 25, 2024.

Why It Matters

This filing indicates a significant shift in share ownership concentration, potentially impacting future corporate decisions and shareholder influence.

Risk Assessment

Risk Level: medium — Crossing significant voting thresholds can signal changes in control or influence, requiring closer monitoring by investors.

Key Numbers

• 10% — Voting Rights Threshold (Euronav NV announced crossing this threshold due to share buybacks.)

Key Players & Entities

• Euronav NV (company) — Registrant
• March 26, 2024 (date) — Press Release Date
• March 25, 2024 (date) — Transparency Notification Date
• 10% (percentage) — Voting Rights Threshold Crossed

FAQ

Filing Documents

• d11013914_6-k.htm (6-K) — 47KB
• image00002.jpg (GRAPHIC) — 28KB
• 0000919574-24-002184.txt ( ) — 87KB

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 26, 2024 By: /s/ Ludovic Saverys Ludovic Saverys Chief Financial Officer EXHIBIT 99.1 PRESS RELEASE Regulated information Tuesday 26 March 2024 –9:15 pm CET _______________________________________ DISCLOSURE REGARDING A TRANSPARENCY NOTIFICATION (Article 14, 1 st 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, 26 March 2024 – Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") has crossed the transparency threshold of 10% after recent share buybacks. It is important to note that the shares that were tendered during the bid are not yet included in the calculations below, as the transfer will only be concluded next week. During the acceptance period, 69,241,955 shares in Euronav, representing 31.47% of the outstanding shares in Euronav, were tendered into the Bid. CMB NV will hold a total of 177,147,299 shares in Euronav, representing 80.51% of the outstanding shares in Euronav. 2. Content of the notification from 25 March 2024 The notification dated 25 March 2024 contains the following information: Reason for the notification: Acquisition or transfer of voting securities or voting rights Notification by: A parent undertaking or a controlling person Persons subject to the notification requirement: Saverco NV, De Gerlachekaai 20. 2000 Antwerpen CMB NV, De Gerlachekaai 20. 2000 Antwerpen Euronav NV, De Gerlachekaai 20. 2000 Antwerpen Transaction date: 21/03/2024 Threshold that is crossed: 10% Denominator: 220,024,713 Notified details: A) Voting rights Previous notification After the transaction Number of voting rights Number of voting rights % of voting rights Ho

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 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

View Full Filing

View this 6-K filing on SEC EDGAR