Euronav NV Finalizes Shareholder Distribution Details

TL;DR

Euronav NV locked in shareholder payout details after July 2nd meeting.

AI Summary

Euronav NV announced on July 3, 2024, that its Supervisory Board has finalized the distribution details for shareholders. This distribution was previously approved at the Special General Meeting held on July 2, 2024. The company is a foreign private issuer filing a Form 6-K report.

Why It Matters

This filing provides clarity on the specifics of a shareholder distribution, which is a key event for investors to understand the timing and nature of capital returns.

Risk Assessment

Risk Level: low — The filing is an informational report detailing a previously approved shareholder distribution, with no new material risks introduced.

Key Players & Entities

• Euronav NV (company) — Registrant
• July 3, 2024 (date) — Press Release Date
• July 2, 2024 (date) — Special General Meeting Date

FAQ

Filing Documents

• d11408780_6-k.htm (6-K) — 25KB
• image00002.jpg (GRAPHIC) — 17KB
• 0000919574-24-003903.txt ( ) — 49KB

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: July 3, 2024 By: /s/ Ludovic Saverys Ludovic Saverys Chief Financial Officer EXHIBIT 99.1 PRESS RELEASE Regulated Information Wednesday 3 July 2024 – 22:00 CET _______________________________________ Distribution to shareholders – payment details ANTWERP, Belgium, 3 July 2024 – Euronav NV ("EURN", "Euronav" or "the Company") ( NYSE: EURN & Euronext: EURN ) announced yesterday that the Company's shareholders' meeting approved, amongst others, a distribution to shareholders. The Supervisory Board has now determined the payment details of this distribution. The approved cash distribution is a combination of a dividend (USD 0.27 per share – COUPON 40), subject to 30% withholding tax (to the extent no exemption or reduction applies), and a distribution out of the available share premium (USD 0.88 per share). Of the share premium distribution, USD 0.07 per share (COUPON 41) is subject to 30% withholding tax (to the extent no exemption or reduction applies). The remaining USD 0.81 per share (COUPON 42) is exempt from withholding tax. The timing of the distributions is as follows: COUPONS 40, 41 & 42 Ex-dividend date (1) Record date Payment date Euronext 9 July 2024 10 July 2024 18 July 2024 NYSE 10 July 2024 10 July 2024 18 July 2024 (1) The difference between the ex-dividend date on Euronext and on the NYSE is due to the recent change of the settlement cycle of shares traded through NYSE (T+1) versus the settlement cycle of shares traded through Euronext (T+2). * * * Contact: Head of Marketing & Communications – Katrien Hennin Tel: +32 499393470 Email: Katrien.hennin@cmb.tech Brand manager – Enya Derkinderen Tel : +32476646359 E-mail: enya.derkinderen@cmb.tech Publication Q2 2024 results – 8 August 2024

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