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.
A TRANSPARENCY NOTIFICATION
(article 14, 1st paragraph, of the Law of 2 May 2007
relating to the disclosure of
important shareholdings in listed companies)
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1.
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Summary of the notification
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ANTWERP, Belgium, 23 November 2020 – Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) received a
transparency notification on 18 November 2020 from M&G Plc according to which M&G Plc holds 5.14% of the voting rights in the Company.
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2.
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Content of the notification
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M&G Plc
The notification dated 18 November 2020 contains the following information:
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•
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Reason for the notification:
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Acquisition or disposal of voting securities or voting rights
A parent undertaking or a controlling person
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•
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Persons subject to the notification requirement:
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M&G Plc, 10, Fenchurch Avenue, London EC3M 5AG
17 November 2020
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•
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Threshold that is crossed:
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5%
220,024,713
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PRESS RELEASE
Regulated information
Monday 23 November 2020 – 17.45 a.m. CET
_______________________________________
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A) Voting rights
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Previous notification
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After the transaction
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Number of voting rights
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Number of voting rights
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% of voting rights
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Holder of voting rights
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Linked to securities
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Not linked to securities
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Linked to securities
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Not linked to securities
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M&G Plc
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0
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0%
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M&G Investment Management Ltd.
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10,763,240
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11,110,145
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5,05%
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TOTAL
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11,110,145
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5,05%
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B) Equivalent financial instruments
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After the transaction
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Holders of equivalent
financial instruments
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Type of financial instrument
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Expiration date
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Exercise period or date
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# of voting rights that may be acquired if the instrument is exercised
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% of voting rights
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Settlement
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M&G Plc
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Lent shares (right of recall)
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0
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0.00%
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Physical
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M&G Investment Management Ltd.
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Lent shares (right of recall)
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190,503
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0.09%
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Physical
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TOTAL
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190,503
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0.09%
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TOTAL (A & B)
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# of voting rights
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% of voting rights
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11,300,648
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5,14%
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•
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Full chain of controlled undertaking through which the holding is effectively held:
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M&G Plc (parent holding company) is not controlled.
M&G Group Regulated Entity Holding Company Limited (wholly owned subsidiary of M&G Plc).
M&G Group Limited (wholly owned subsidiary of M&G Plc).
M&G FA Limited (wholly owned subsidiary of M&G Group Limited).
M&G Investment Management Limited (wholly owned subsidiary of M&G FA Limited).
M&G Investment Management Ltd is an investment firm an can exercise the voting rights attached to the shares at its own
discretion in the absence of specific instructions.
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PRESS RELEASE
Regulated information
Monday 23 November 2020 – 17.45 a.m. CET
_______________________________________
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This press release is available on the Company’s website in the investor relations
section: https://www.euronav.com/investors/company-news-reports/press-releases/2020/.
The transparency notification is available on the Company’s website in the investor
relations section: https://www.euronav.com/en/investors/share-securities-information/transparency-declaration/declaration/
*
* *
Contact:
Brian Gallagher – Head of IR, Research and Communications & Management Board member
Tel: +44 20 78 70 04 36
Email: IR@euronav.com
Announcement of Q4 Results: Thursday 4 February 2021
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 2 V-Plus vessels, 45 VLCCs (four to be delivered), 26 Suezmaxes (one of which is in a joint venture and two vessels time chartered in)
and 2 FSO vessels (both owned in 50%-50% joint venture).
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PRESS RELEASE
Regulated information
Monday 23 November 2020 – 17.45 a.m. CET
_______________________________________
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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.