6-K 1 d8501015a_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 April 2020

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 April 2, 2020, announcing that the Company received a transparency notification on March 30, 2020 from Marshall Wace Ltd. Following the disposal of voting securities or voting rights on March 25, 2020, Marshall Wace Ltd. now holds 4.99% of the voting rights in the Company and thus falls below 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: April 2, 2020
   
     
 
By:
/s/ Lieve Logghe
 
   
Lieve Logghe
 
   
Chief Financial Officer
 





EXHIBIT 99.1

PRESS RELEASE
Thursday 2 April 2020 – 8.00 a.m. CET
_____________________________________

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, 2 April 2020 – Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) received a transparency notification on 30 March 2020 from Marshall Wace Ltd. Following the disposal of voting securities or voting rights on 25 March 2020, Marshall Wace Ltd. now holds 4,99% of the voting rights in the Company and thus falls below the 5% threshold.


2.
Content of the notification

Marshall Wace Ltd.

The notification dated 27 March 2020 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:
Marshall Wace Ltd., PO Box 309, Ugland House, Grand Cayman, Cayman Islands
Marshall Wace LLP, George House, Sloane Street, Chelsea, London, SW1X 9AT, UK
Marshall Wace Asia Limited, 23/F, LHT Tower, 31 Queens Road Central, Hong Kong
Marshall Wace North America LP, 350 Park Avenue, 18th floor, New York, USA

Transaction date:
25 March 2020

Threshold that is crossed:
5%

Denominator:
220,024,713





PRESS RELEASE
Thursday 2 April 2020 – 8.00 a.m. CET
_____________________________________


Notified details:


A) Voting rights
Previous notification
After the transaction
 
Number of voting rights
Number of voting rights
% of voting rights
Holder of voting rights
 
Linked to securities
Not linked to securities
Linked to securities
Not linked to securities
Marshall Wace Ltd
 
0
 
0.00%
 
Marshall Wace LLP
5,553,320
5,440,035
 
2.47%
 
Marshall Wace Asia Limited
3,334,492
3,126,943
 
1.42%
 
Marshall Wace North America LP
202,016
238,821
 
0.11%
 
subtotal
9,089,828
8,805,799
 
4.00%
 
 
TOTAL
8,805,799
0
4.00%
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
Marshall Wace LLP
Equity swap contracts
   
2,167,494
0.99%
 
 
TOTAL
 
2,167,494
0.99%
 


TOTAL (A & B)
# of voting rights
% of voting rights
 
10,973,293
4.99%

Full chain of controlled undertaking through which the holding is effectively held:
Marshall Wace Ltd is the ultimate parent company of Marshall Wace LLP, Marshall Wace Asia Limited and Marshall Wace North America LP.

Additional information:
Each of Marshal Wace LLP, Marshall Wace Asia Limited and Marshall Wace North America LP exercise the voting rights at their own discretion, without specific instructions from third parties or affiliates.


3.
Miscellaneous

This press release is available on the Company’s website in the investor relations section: https://www.euronav.com/investors/company-news-reports/press-releases/2020/.





PRESS RELEASE
Thursday 2 April 2020 – 8.00 a.m. CET
_____________________________________

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


*
*  *


Contact:
Brian Gallagher – Head of IR, Research and Communications & Member of the Management Board
Tel: +44 20 78 70 04 36
Email: IR@euronav.com




Annual report 2019 available on website: Thursday 16 April 2020
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 2 V-Plus vessels, 42 VLCCs (with four resales due for delivery 2020/21), 26 Suezmaxes (two of which are in a joint venture) and 2 FSO vessels (both owned in 50%-50% joint venture).



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.