Compagnie Maritime Belge NV Amends Euronav Stake Filing

TL;DR

Saverys group updates Euronav NV 13D filing on 4/3/24, changes in beneficial ownership noted.

AI Summary

Compagnie Maritime Belge NV, through an amendment filed on April 3, 2024, has updated its Schedule 13D regarding Euronav NV. The filing indicates a change in beneficial ownership, with the Saverys family members Alexander, Ludovic, and Michael Saverys listed as group members. Compagnie Maritime Belge NV is the primary filer, with its principal executive offices located in Antwerp, Belgium.

Why It Matters

This amendment to a Schedule 13D filing signals ongoing changes in the ownership structure and potential strategic shifts for Euronav NV, a significant player in the oil tanker market.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.

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
• Saverco NV (company) — Group member
• Robert E. Lustrin (person) — Legal counsel

FAQ

Key Financial Figures

• $1.24 billion — nary Shares. CMB borrowed approximately $1.24 billion under the Bid Acquisition Facility in c
• $1.54 billion — e Facilities Agreement is approximately $1.54 billion. Item5. Interest in Securities of the
• $17.86 — 7 Ordinary Shares in the U.S. Offer for $17.86 per share and 45,672,338 shares in the

Filing Documents

• d815920dsc13da.htm (SC 13D/A) — 107KB
• d815920dex99a.htm (EX-99.A) — 5KB
• 0001193125-24-086029.txt ( ) — 113KB

Purpose of the Transaction

Item 4. Purpose of the Transaction

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: Settlement of the Offers On April 3, 2024, the Offers were consummated. As of the date of this Schedule 13D, CMB owns 177,147,299, or 90.96% of the outstanding Ordinary Shares. CMB borrowed approximately $1.24 billion under the Bid Acquisition Facility in connection with the settlement of the Offers. As of the date of this Schedule 13D, the aggregate outstanding principal amount under the Facilities Agreement is approximately $1.54 billion. Item5. Interest in Securities of the Issuer 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 less a total of 7,487,838 Ordinary Shares repurchased by the Issuer from March 21, 2024 through April 2, 2024 in accordance with the Issuers previously announced share buyback plan. (c) On April 3, 2024, CMB consummated the Offers, purchasing 23,569,617 Ordinary Shares in the U.S. Offer for $17.86 per share and 45,672,338 shares in the Belgian Offer for 16.41 Euros per share. 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 other 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

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. April 3, 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