6-K 1 d7600273_6-k.htm

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2017

Commission File Number: 001-36810

EURONAV NV


 
De Gerlachekaai 20
 
 
2000 Antwerpen
 
 
Belgium
 

011-32-3-247-4411
(Address of principal executive offices)

 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X]       Form 40-F [  ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [  ].

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [  ].

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.


INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 99.1 is a copy of the press release of Euronav NV (the "Company"), dated August 23, 2017, announcing that the Company received a transparency notification dated August 22, 2017, pursuant to which M&G Investment Management Limited, following the acquisition of voting securities or voting rights on August 21, 2017, now holds 5.04% of the voting rights in the Company and thus crossed the 5% threshold.


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 

 
EURONAV NV
 
(Registrant)
   
Dated: August 23, 2017
 
   
 
By:
/s/ Hugo De Stoop
   
Hugo De Stoop
   
Chief Financial Officer




EXHIBIT 99.1
 
 
DISCLOSURE REGARDING
A TRANSPARENCY NOTIFICATION

(article 14, 1st paragraph, of the Law of 2 May 2007
relating to the disclosure of
important shareholdings in listed companies)


1.
Summary of the notification

ANTWERP, Belgium, 23 August 2017 – Today Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") received a transparency notification dated 22 August 2017, pursuant to which M&G Investment Management Limited, following the acquisition of voting securities or voting rights on 21 August 2017, now holds 5.04% of the voting rights in the Company and thus crossed the 5% threshold.

2.
Content of the notification

The notification dated 22 August 2017 contains the following information:

·
Reason for the notification:
Acquisition or disposal of voting securities or voting rights

·
Notification by:
A parent undertaking or a controlling person

·
Persons subject to the notification requirement:
Prudential plc, Laurence Pountney Hill, London EC4R 0HH, England

·
Transaction date:
21 August 2017

·
Threshold that is crossed:
5%

·
Denominator:
159,208,949
 
 



 
 
 
 
·
Notified details:

A) Voting rights
Previous notification
After the transaction
 
 
Number of voting rights
Number of voting rights
% of voting rights
 
Holders of voting rights
 
Linked to securities
Not linked to securities
Linked to securities
Not linked to securities
 
Prudential plc
0
0
0
0.00%
0.00%
M&G Investment Management Limited
0
6,072,078
0
3.81%
0.00%
Subtotal
 
6,072,078
 
3.81%
0.00%
 
TOTAL
6,072,078
 
0
3.81%
0.00%


B) Equivalent financial instruments
After the transaction
Holders of equivalent
financial instruments
Type of financial instrument
Expiration date
Exercise period or date
# of voting rights that may be acquired if the instrument is exercised
 
% of voting rights
Settlement
Prudential plc
Right of Recall (Stock on loan)
 
 
 
0
0.00%
physical
M&G Investment Management Limited
Right of Recall (Stock on loan)
 
 
 
1,959,602
1.23%
physical
 
TOTAL
 
1,959,602
1.23%
 
 


TOTAL (A & B)
# of voting rights
 
% of voting rights
 
8,031,680
5.04%
 

 
 
 
 
 
 
 
 
 



 
 
·
Chain of controlled undertakings through which the holding is effectively held:

§
Prudential plc (parent holding company) is not controlled – 8,031,680 (5.04%)
§
M&G Group Limited (wholly owned subsidiary of Prudential plc) – 8,031,680 (5.04%)
§
M&G Limited (wholly owned subsidiary of M&G Group Limited) – 8,031,680 (5.04%)
§
M&G Investment Management Limited (wholly owned subsidiary of M&G Ltd) – 8,031,680 (5.04%)


3.
Miscellaneous

This press release is available on the Company's website in the investor relations section: https://www.euronav.com/en/investors/company-news-reports/press-releases/2017/.

The notification is available on the Company's website in the investor relations section: https://www.euronav.com/en/investors/share-information/transparency/declaration/.




*
*  *

Contact:
Mr. Brian Gallagher – Euronav Investor Relations
Tel: +44 20 7870 0436
Email: IR@euronav.com
 
 

 
Announcement of third quarter results 2017: Tuesday, 31 October 2017
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 56 double hulled vessels being 1 V-Plus vessel, 30 VLCCs, 19 Suezmaxes, four Suezmaxes under construction 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.




 
 
 
 
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.