ANTWERP, Belgium, January 26, 2016 /PRNewswire/ --
Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") today confirms that since the trading update of 15 January 2016, the Company has purchased 500,000 of its own shares on Euronext Brussels at an aggregate cost of EUR 4,762,784.20.
Transaction date quantity average price lowest price highest price total price 15 January 2016 100,000 9.1686 EUR 8.944 EUR 9.398 EUR 916,860 EUR 18 January 2016 71,000 9.4260 EUR 9.382 EUR 9.451 EUR 699,246 EUR 19 January 2016 132,000 9.6553 EUR 9.445 EUR 9.862 EUR 1,274,499.60 EUR 20 January 2016 100,000 9.2523 EUR 9.130 EUR 9.370 EUR 925,230 EUR 21 January 2016 47,000 9.8788 EUR 9.750 EUR 10.000 EUR 464,303.60 EUR 22 January 2016 25,000 10.2070 EUR 10.130 EUR 10.270 EUR 255,175 EUR 25 January 2016 25,000 10.2988 EUR 10.255 EUR 10.340 EUR 257,470 EUR
Following this transaction, the Company now owns 966,667 own shares (0.61% of the total outstanding shares).
Euronav may continue to buy back its own shares opportunistically. The extent to which it does and the timing of these purchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations. The share buybacks do not affect our dividend policy.
Announcement of fourth quarter results 2015: Thursday 28 January 2016
Bekendmaking resultaten vierde kwartaal 2015: donderdag 28 januari 2016
Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil and petroleum products. 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 56 double hulled vessels being one V-Plus vessel, 28 VLCCs (of which 1 in 50%-50% joint venture), three VLCCs under construction which were recently acquired as resales of existing newbuilding contracts, 22 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