Euronav NV: Transparency Legislation

ANTWERP, Belgium, February 6, 2015 /PRNewswire/ --

Following the Initial Public Offering of its ordinary shares in the USA, the conversion of the outstanding perpetual convertible preferred securities as well as some trading in the share and in accordance with the Law of 2 May 2007, relating to the disclosure of important shareholdings in listed companies, Euronav NV announces that it received several transparency notifications from different shareholders, resulting in the following:

   
                                                       Percentage of the
                                                         share capital
                                                      outstanding at the
                            Position as per the last       moment of
    Shareholder                   notification           notification
    York Capital Management
    Global Advisers LLC (1)        7,389,003              4.93 % (4)
    GoldenTree Asset
    Management LP (2)                - (3)                   - (3)

1. York Capital Management Global Advisers LLC, acting as fund manager (with control of voting rights) for several funds, disclosed a crossing below the 5% threshold.
2. GoldenTree Asset Management LP and GoldenTree Asset Management LLC announced a passive crossing below the 5% threshold due to the capital increase of 28 January 2015.
3. In accordance with applicable regulations the notifying shareholder is not required to disclose the number of shares held in the event its holding has fallen below the 5% threshold.
4. Percentage calculated on the basis of a total of 149,749,666 shares, i.e. prior to the capital increase following the contribution of the outstanding perpetual convertible preferred securities.

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Today's capital base and number of shares are as follows:

   
                                                                Current
    Total subscribed capital (USD)                         USD 173,046,122.14
    Total number of ordinary shares in issue (with voting
    rights)*                                                  159,208,949
    Total number of outstanding convertible bonds maturing
    2015                                                           0
    Total number of outstanding convertible bonds maturing
    2018                                                           0
    Total number of outstanding perpetual convertible
    preferred security                                             0

* of which 1,750,000 shares are treasury shares

The notifications received in relation to the transparency legislation are available on the website in the investor relations section http://www.euronav.com.

Announcement of unaudited fourth quarter results: Wednesday 11 February 2015  

About Euronav 

Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil. The company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav's owned and operated fleet consists of 52 double hulled vessels being 1 V-Plus, 2 FSO vessels (both owned in 50%-50% joint venture), 26 VLCCs of which 1 in joint venture and 23 Suezmaxes (of which 4 in joint venture). The company's vessels mainly fly Belgian, Greek, French and Marshall Island flags.

Regulated information within the meaning of the Royal Decree of 14 November 2007. 

SOURCE Euronav NV