CMB Amends Euronav Stake Filing

TL;DR

CMB filed an amendment on Euronav NV, showing they still hold a big chunk.

AI Summary

Compagnie Maritime Belge NV (CMB) filed an amendment (No. 24) to its Schedule 13D on March 19, 2024, regarding its holdings in Euronav NV. CMB, along with group members Alexander Saverys, Ludovic Saverys, and Michael Saverys, continues to hold a significant stake in Euronav NV, a company involved in the deep sea foreign transportation of freight.

Why It Matters

This filing update from Compagnie Maritime Belge NV indicates ongoing significant ownership and potential strategic interest in Euronav NV, a major player in the tanker shipping industry.

Risk Assessment

Risk Level: medium — The filing indicates a significant ownership stake by CMB, which could lead to changes in corporate control or strategy for Euronav NV.

Key Players & Entities

• Compagnie Maritime Belge NV (company) — Filing entity
• Euronav NV (company) — Subject company
• Alexander Saverys (person) — Group member
• Ludovic Saverys (person) — Group member
• Michael Saverys (person) — Group member
• Robert E. Lustrin (person) — Legal counsel

FAQ

Key Financial Figures

• $1.24 billion — tendering shareholders of approximately $1.24 billion with borrowings under the Bid Acquisiti
• $1.54 billion — acilities Agreement to be approximately $1.54 billion. Item5. Interest in Securities of the

Filing Documents

• d715246dsc13da.htm (SC 13D/A) — 106KB
• d715246dex99a.htm (EX-99.A) — 5KB
• d715246dex99q.htm (EX-99.Q) — 7KB
• g715246g02f95.jpg (GRAPHIC) — 3KB
• 0001193125-24-070876.txt ( ) — 123KB

of the Original Schedule 13D is hereby amended and supplemented by adding the following information

Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following information: Expiration of the Offers On March 18, 2024, CMB issued a press release (which is filed as Exhibit Q hereto and is incorporated by reference herein) announcing that the Initial Acceptance Period of the Offers expired on March 15, 2024, and a total of 69,241,955 Ordinary Shares were validly tendered and not withdrawn in the Offers. CMB has accepted all such Ordinary Shares for payment and will not conduct a voluntary subsequent offering period. Payment of the Offer Price for tendered shares will take place on April 3, 2024. Based upon the number of Ordinary Shares that CMB has accepted for payment, CMB may be deemed to beneficially own an aggregate of 177,147,299, or 87.60% of the outstanding Ordinary Shares, as of the date of this Schedule 13D. CMB will fund payments to tendering shareholders of approximately $1.24 billion with borrowings under the Bid Acquisition Facility. After giving effect to the settlement of the Offers, CMB expects the aggregate outstanding principal amount under the Facilities Agreement to be approximately $1.54 billion. Item5. Interest in Securities of the Issuer

of the Original Schedule 13D is hereby amended and amended and supplemented by adding the following information

Item 5 of the Original Schedule 13D is hereby amended and amended and supplemented by adding the following information: (a)and(b) The percentage of outstanding Ordinary Shares that may be deemed to be beneficially owned by each Reporting Person is set forth on line 13 of such Reporting Persons cover sheet and is incorporated herein. Such percentage was calculated for each Reporting Person based on 202,233,997 Ordinary Shares outstanding as of December 31, 2023 (not including treasury shares), as reported in the Issuers Current Report on Form 6-K furnished to the Securities and Exchange Commission on February 1, 2024. (c) On March 18, 2024, CMB accepted for payment 69,241,955 Ordinary Shares that were validly tendered and not withdrawn in the Offers. None of the Reporting Persons nor (to the Reporting Persons knowledge) any person set forth in Item 2 of the Original 13D, has engaged in any transactions in the Ordinary Shares during the past 60 days. (d) To the best knowledge of the Reporting Persons, no other person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5. Item7. Material to Be Filed as Exhibits Exhibit A Joint Filing Agreement Exhibit B N/A Exhibit C Press Release dated April 8, 2022 1 Exhibit D Letter to Euronav NV dated April 26, 2022 2 Exhibit E Press release dated July 12, 2022 3 Exhibit F Letter to Supervisory Board of Euronav NV dated December 14, 2022 4 Exhibit G Letter to Euronav NV dated January 16, 2023 5 Exhibit H Press Release dated February 9, 2023 6 Exhibit I Transcript of CMB Conference Call held on February 15, 2023 7 Exhibit J Press Release dated October 9, 2023 8 Exhibit K Press Release of CMB under Article 8 of the Takeover RD dated October 9, 2023 9 Exhibit L Share Purchase Agreement among CMB, Frontli

Signatures

Signatures After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. March 19, 2024 Dated COMPAGNIE MARITIME BELGE NV By: /s/ Ludovic Saverys Name: Ludovic Saverys Title: Chief Financial Officer SAVERCO NV By: /s/ Ludovic Saverys Name: Ludovic Saverys Title: Director ALEXANDER SAVERYS /s/ Alexander Saverys LUDOVIC SAVERYS /s/ Ludovic Saverys MICHAEL SAVERYS /s/ Michael Saverys

View Full Filing

View this SC 13D/A filing on SEC EDGAR