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Euronav NV — Major Shareholding Notification 2021
Mar 26, 2021
3946_mrq_2021-03-26_b280ad54-a2ca-4561-8767-5cab501d6ee2.pdf
Major Shareholding Notification
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Friday 26 March 2021 – [8.00 am] CET
DISCLOSURE REGARDING A TRANSPARENCY NOTIFICATION
(article 14, 1st 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, 26 March 2021 – Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") received a transparency notification on 23 March 2021 from M&G Plc according to which M&G Plc holds 5.12% of the voting rights in the Company.
2. Content of the notification
M&G Plc
The notification dated 23 March 2021 contains the following information:
- Reason for the notification: Acquisition or disposal of voting securities or voting rights
- Notification by: A parent undertaking or a controlling person
- Persons subject to the notification requirement: M&G Plc, 10, Fenchurch Avenue, London EC3M 5AG
- Transaction date: 22 March 2021
- Threshold that is crossed: 5%
- Denominator: 220,024,713
Friday 26 March 2021 – [8.00 am] CET
• Notified details:
| A) Voting rights | Previous notification | After the transaction | ||||
|---|---|---|---|---|---|---|
| Number of voting rights |
Number of voting rights | % of voting rights | ||||
| Holder of voting rights | Linked to | Not linked to | Linked to | Not linked | ||
| securities | securities | securities | to | |||
| securities | ||||||
| M&G Plc | 0 | 0 | 0 | 0,00% | 0,00% | |
| M&G Investment Management Ltd. | 11,279,552 | 10,770,947 | 0 | 4.90% | 0,00% | |
| Subtotal | 11,279,552 | 10,770,947 | 0 | 4,90% | 0,00% | |
| TOTAL | 10,770,947 | 0 | 4.90% | 0,00% | ||
| B) Equivalent financial instruments |
After the transaction | |||||
|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments |
Type of financial instrument |
Expiration date |
Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights |
Settlem ent |
| M&G Plc | Lent shares (right of recall) |
0 | 0.00% | Physical | ||
| M&G Investment Management Ltd. | Lent shares (right of recall) |
491,559 | 0.22% | Physical | ||
| TOTAL | 491,559 | 0.22% |
| TOTAL (A & B) | # of voting rights | % of voting rights | |
|---|---|---|---|
| 11,262,506 | 5.12% |
- Full chain of controlled undertaking through which the holding is effectively held: 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 Group Regulated Entity Holding Company Limited).
- M&G FA Limited (wholly owned subsidiary of M&G Group Limited).
- M&G Investment Management Limited (wholly owned subsidiary of M&G FA Ltd).
- Additional information
- M&G Investment Management Ltd is an investment firm and can exercise the voting rights attached to the shares at its own discretion in the absence of specific instructions.
Friday 26 March 2021 – [8.00 am] CET
3. Miscellaneous
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/2021/.
The transparency notification is available on the Company's website in the investor relations section: https://www.euronav.com/en/investors/share-securitiesinformation/transparency-declaration/declaration/
* * *
Contact: Brian Gallagher – Head of IR, Research and Communications & Management Board member Tel: +44 20 78 70 04 36 Email: [email protected]
Announcement of final year results for 2020: 31 March 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, 28 Suezmaxes (one of which is in a joint venture and two vessels time chartered in and two to be delivered) and 2 FSO vessels (both owned in 50%-50% joint venture).
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.
Friday 26 March 2021 – [8.00 am] CET
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.