EURN Euronav NV

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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, 18 June 2018 – Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") received several transparency notifications of passive crossings of a threshold following the capital increase dated 12 June 2018.

2.	Content of the notification

VICTRIX NV

The notification dated 14 June 2018 contains the following information:

·	Reason for the notification:

Passive crossing of a threshold

·	Notification by:

A parent undertaking or a controlling person

·	Persons subject to the notification requirement:

Victrix NV, De Merodelei 1, 2600 Berchem

Ms Virginie Saverys

·	Transaction date:

 

 

·	Notified details:

·	Full chain of controlled undertaking through which the holding is effectively held:

Both Victrix and Ms. Saverys personally hold a stake in Euronav NV. Ms. Virginie Saverys holds 100% of the economic rights and voting rights of Victrix NV.

Châteauban SA

The notification dated 14 June 2018 contains the following information:

·	Reason for the notification:

Passive crossing of a threshold

·	Notification by:

A person that notifies alone

·	Persons subject to the notification requirement:

·	Threshold that is crossed:

10%

·	Denominator:

220,024,713

·	Notified details:

M&G Investment Management Limited

The notification dated 15 June 2018 contains the following information:

·	Reason for the notification:

Passive crossing of a threshold

Downward crossing of the lowest threshold

·	Notification by:

A parent undertaking or a controlling person

·	Persons subject to the notification requirement:

Prudential plc, Laurence Pountney Hill, London EC4R 0HH, England

·	Transaction date:

12 June 2018

·	Threshold that is crossed:

5%

·	Denominator:

220,024,713

·	Notified details:

·	Full chain of controlled undertaking through which the holding is effectively held:

Prudential plc (parent holding company) is not controlled.

M&G Group Limited (wholly owned subsidiary of Prudential plc).

M&G Limited (wholly owned subsidiary of M&G Group Limited).

M&G Investment Management Limited (wholly owned subsidiary of M&G Ltd).

Wellington Management Group LLP

The notification dated 15 June 2018 contains the following information:

·	Reason for the notification:

Passive crossing of a threshold

Downward crossing of the lowest threshold

·	Notification by:

A parent undertaking or a controlling person

·	Persons subject to the notification requirement:

Wellington Management Group LLP, 280 Congress Street, Boston, MA 02210

·	Transaction date:

12 June 2018

·	Threshold that is crossed:

5%

·	Denominator:

220,024,713

·	Notified details:

 

·	Full chain of controlled undertakings through which the holding is effectively held:

Wellington Management Company LLP is a direct controlled undertaking of Wellington Investment Advisors Holdings LLP, which, in turn, is a direct controlled undertaking of Wellington Group Holdings LLP, which, in turn, is a direct controlled undertaking of Wellington Management Group LLP.

Wellington Management International Ltd, is a direct controlled undertaking of Wellington Management Global Holdings, Ltd, which, in turn, is a direct controlled undertaking of Wellington Investment Advisors Holdings LLP, which, in turn, is a direct controlled undertaking of Welling Group Holdings LLP, which, in turn, is a direct controlled undertaking of Wellington Management Group LLP.

Saverco NV

The notification dated 18 June 2018 contains the following information:

·	Reason for the notification:

Passive crossing of a threshold

·	Notification by:

A parent undertaking or a controlling person

·	Persons subject to the notification requirement:

·	Threshold that is crossed:

10%

·	Denominator:

220,024,713

·	Notified details:

·	Full chain of controlled undertakings through which the holding is effectively held:

CMB NV holds a participation of 0.45% in Euronav and is in turn held by Saverco NV for 97.32%. Saverco NV, which holds a participation of 6% in Euronav, is in turn held by Mr. Marc Saverys for 99.56%. Mr. Saverys holds privately a participation of 0.86% in Euronav.

3.	Miscellaneous

This press release is available on the Company's website in the investor relations section: https://www.euronav.com/en/investors/company-news-reports/press-releases/2018/ .

 

 

 

 

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor 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 harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor 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 and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

 

 

 

 

 

 

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Contact:

Mr. Brian Gallagher – Euronav Investor Relations

Tel: +44 20 7870 0436

Email: IR@euronav.com

Announcement of second quarter 2018 results: Thursday, 9 August 2018

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