ANTWERP, Belgium, 5 November 2015 – 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 Mr. Peter G. Livanos, Chairman of the Board of Euronav, and related entities, disclosing a crossing below the 5% threshold.
On the date of this notification, Mr. Peter G. Livanos holds 3, 922, 684 voting rights, for a total percentage of 2.46%.
Euronav was informed that this downward crossing is a result of Ceres Investments
(Cyprus) Limited (“CIC”), an investment company controlled by Mr. Peter G. Livanos,
having sold 9, 000, 000 Euronav ordinary shares that were beneficially owned by Mr. Peter
CIC advised: “This share sale is completed to allow Mr. Peter G. Livanos to diversify his
investment portfolio, with proceeds being used to finance other activities in the shipping
and energy sectors.”
Euronav would like to take this opportunity to reaffirm the strong confidence management
has in the current crude tanker sector cycle following the update we gave with last week’s
third quarter results. The strong fundamentals that underpin the tanker market we believe
have structural support to drive the market forward for several years.
The notifications received in relation to the transparency legislation are available on the
Company’s website in the investor relations section:
A full overview of the current shareholders’ structure can also be found on the website: