ANTWERP, Belgium, March 30, 2015 /PRNewswire/ --
Euronav NV (NYSE: EURN)(Euronext: EURN) (the "Company") announces the results of its offer to exchange (the "U.S. Exchange Offer") all of its unregistered ordinary shares that trade on Euronext Brussels (other than ordinary shares held by the Company's affiliates) (the "Original Shares") for ordinary shares that have been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and are eligible for trading on the New York Stock Exchange (the "Exchange Shares").
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On 23 March 2015, the expiration date of the U.S. Exchange Offer, shareholders validly tendered for exchange 42,919,647 Original Shares (out of 95,066,567 eligible Original Shares) for an equal number of Exchange Shares (the "Tendered Shares"), making for a participation rate of approximately 45%. Settlement of the U.S. Exchange Offer is expected to be completed on 1 April 2015, at which time the Tendered Shares are expected to commence trading on the New York Stock Exchange. At that time, approximately 50% of the Company's free float will be registered in the U.S. share register.
Shareholders are reminded that the Company's ordinary shares may be traded through the facilities of the New York Stock Exchange only if registered in the Company's U.S. share register, and may be traded through the facilities of Euronext Brussels only if registered in the Company's Belgian share register. As from 28 April 2015 holders of the Company's ordinary shares that are registered in the Company's Belgian share register may reposition their shares to the Company's U.S. share register, and vice versa, after completing a procedure for repositioning which will be set out on the Company's website in due course. A list of 'Frequently Asked Questions' relating to the U.S. Exchange Offer and the dual listing may be consulted on the Company's website at http://www.euronav.com .
This press release and the information contained on the Company's website shall not constitute an offer to sell or exchange any securities or a solicitation of an offer to buy or exchange any securities. If you have any questions regarding the U.S. Exchange Offer please contact the Company's exchange and information agent, KBC Securities NV, at Havenlaan 12 Avenue du Port, B-1080 Brussels, Belgium; Telephone number for professional investors: +32-2-429-3712; Telephone number for retail investors: +32-3-283-2970.
Forward-Looking Statements
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 U.S. Securities and Exchange Commission under the heading "Risk Factors." The Company does not assume any obligation to update the information contained in this press release.
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 52 double hulled vessels being 1 V-Plus, 2 FSO vessels (both owned in 50%-50% joint venture), 26 VLCCs of which 1 in joint venture and 23 Suezmaxes (of which 4 in joint venture). The company's vessels mainly fly Belgian, Greek, French and Marshall Island flags.
Regulated information within the meaning of the Belgian Royal Decree of 14 November 2007.
SOURCE Euronav NV
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