|
Antwerp, Belgium, 5 August 2015 In accordance with the Law of 2 May 2007 relating to the disclosure of important shareholdings in listed companies, Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) announces that it received a notification from Mr. Peter G. Livanos, Chairman of the Board of Euronav, and related entities, disclosing a crossing below the 10% threshold. On the date of this notification, Mr. Peter G. Livanos and related entities hold 12,922,684 voting rights, for a total percentage of 8.12%. Euronav was informed that this downward crossing is a result of Ceres Investments (Cyprus) Limited (“CIC”), an investment company controlled by Mr. Peter G. Livanos, having entered into pre-paid forward transactions for 6,000,000 of the approximately 19,000,000 Euronav ordinary shares that were beneficially owned by Mr. Peter G. Livanos prior to entering into this forward transaction. CIC advised: “The pre-paid forward sale transaction is effectively a form of financing secured by a portion of the shares owned. It will allow CIC to finance other activities while retaining significant upside exposure to the Euronav share price.” The notifications received in relation to the transparency legislation are available on the Company’s website in the investor relations section http://investors.euronav.com/share/transparency-declaration.aspx?sc_lang=en. A full overview of the current shareholders’ structure can also be found on the website http://investors.euronav.com/share/shareholders.aspx?sc_lang=en. Euronav NV press release |
