ANTWERP, Belgium, April 28, 2015 /PRNewswire/ --
Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") announced today that on 27 April 2015 the temporary difference between its ordinary shares tradable on the NYSE and its ordinary shares tradable on Euronext Brussels has expired. Therefore all of the Company's ordinary shares now have the same rights and privileges in all respects.
Subject to approval of the annual shareholders' meeting on 13 May 2015, all of the 159,208,949 ordinary shares will receive a gross dividend of USD 0.25, as previously announced on 1 April 2015. As from today, the U.S. Shares are identified by CUSIP number B38564 108 and all European Shares are identified by ISIN number BE0003816338.
Shareholders are reminded that the Company's ordinary shares (unless otherwise restricted) may be traded on the NYSE only if those shares are reflected on the U.S. component of the Company's share register (the "U.S. Register"), and may be traded on Euronext Brussels only if those shares are registered in the Belgian component of the Company's share register (the "Belgian Register"). As from today, after completing a repositioning procedure, shareholders can in principle reposition their shares to the U.S. Register or to the Belgian Register, as the case may be. However, in view of the record date of 29 April 2015 relating to the Company's shareholders' meetings on 13 May 2015, shareholders cannot reposition their shares between the Belgian Register and the U.S. Register as from today, 28 April, until Thursday 30 April 2015 9 a.m. CET (such period a "Freeze-Out Period").
In view of the proposed dividend payment with record date 19 May 2015, another Freeze-Out Period will run from Thursday 14 May 2015 until Wednesday 20 May 2015 9 a.m. CET (this is also taking into account the fact that Euroclear is closed on 14 and 15 May 2015). Shareholders are requested to consult the Company's website for the applicable Freeze-Out Periods. The aforementioned Freeze-Out Periods replace any other Freeze-Out Periods previously announced.
A list of 'Frequently Asked Questions' relating to the repositioning of shares and the dual listing can be consulted on the Company's website at http://www.euronav.com . Shareholders who wish to reposition their shares must contact their financial intermediary.
This press release contains "forward-looking statements". Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "projects", "forecasts", "may", "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's registration statements, as amended, as filed with the SEC under the heading "Risk Factors". The Company does not assume any obligation to update the information contained in this press release.
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 53 double hulled vessels being 1 V-Plus, 2 FSO vessels (both owned in 50%-50% joint venture), 27 VLCCs (of which 1 in 50%-50% joint venture) and 23 Suezmaxes (of which 4 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