Euronav: Transparency Legislation

Aug 26, 2015, 02:15 ET from Euronav NV

ANTWERP, Belgium, August 26, 2015 /PRNewswire/ --

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 BlueMountain Capital Management LLC, acting as investment manager (with control of voting rights) for several funds, thus disclosing a crossing below the 5% threshold due to a disposal of voting rights.

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The notifications received in relation to the transparency legislation are available on the Company's website in the 'Investors' section: http://investors.euronav.com/share/transparency-declaration.aspx?sc_lang=en .  

Half year report 2015 available on website: Monday, 31 August 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 57 double hulled vessels being 1 V-Plus vessel, 27 VLCCs (of which 1 in 50%-50% joint venture), four VLCCs under construction which were recently acquired as resales of existing newbuilding contracts, 23 Suezmaxes (of which four are owned in 50%-50% joint ventures) and two FSO vessels (both owned in 50%-50% 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