0000919574-24-005791.txt : 20241009 0000919574-24-005791.hdr.sgml : 20241009 20241009163615 ACCESSION NUMBER: 0000919574-24-005791 CONFORMED SUBMISSION TYPE: SC14D9C PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20241009 DATE AS OF CHANGE: 20241009 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CMB.TECH NV CENTRAL INDEX KEY: 0001604481 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: C9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC14D9C SEC ACT: 1934 Act SEC FILE NUMBER: 005-89253 FILM NUMBER: 241363124 BUSINESS ADDRESS: STREET 1: DE GERLACHEKAAI 20 CITY: ANTWERP STATE: C9 ZIP: 2000 BUSINESS PHONE: 32-3-247-44-11 MAIL ADDRESS: STREET 1: DE GERLACHEKAAI 20 CITY: ANTWERP STATE: C9 ZIP: 2000 FORMER COMPANY: FORMER CONFORMED NAME: Euronav NV DATE OF NAME CHANGE: 20240705 FORMER COMPANY: FORMER CONFORMED NAME: CMB.TECH NV DATE OF NAME CHANGE: 20240705 FORMER COMPANY: FORMER CONFORMED NAME: Euronav NV DATE OF NAME CHANGE: 20140402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CMB.TECH NV CENTRAL INDEX KEY: 0001604481 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: C9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC14D9C BUSINESS ADDRESS: STREET 1: DE GERLACHEKAAI 20 CITY: ANTWERP STATE: C9 ZIP: 2000 BUSINESS PHONE: 32-3-247-44-11 MAIL ADDRESS: STREET 1: DE GERLACHEKAAI 20 CITY: ANTWERP STATE: C9 ZIP: 2000 FORMER COMPANY: FORMER CONFORMED NAME: Euronav NV DATE OF NAME CHANGE: 20240705 FORMER COMPANY: FORMER CONFORMED NAME: CMB.TECH NV DATE OF NAME CHANGE: 20240705 FORMER COMPANY: FORMER CONFORMED NAME: Euronav NV DATE OF NAME CHANGE: 20140402 SC14D9C 1 d11499314_sc14d-9c.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 14D-9 
(RULE 14d-101) 
SOLICITATION/RECOMMENDATION STATEMENT
UNDER SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
 

 
CMB.TECH NV
(Name of Subject Company)
 
 

CMB.TECH NV
(Name of Person(s) Filing Statement)
 
 

Ordinary shares, no par value
(Title of Class of Securities)
B38564108
(CUSIP Number of Class of Securities)

Seward & Kissel LLP
Attention: Keith Billotti, Esq.
One Battery Park Plaza
New York, New York 10004
(212) 574-1200
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications
on Behalf of the Person(s) Filing Statement)

With copies to
CMB.TECH NV
De Gerlachekaai 20
2000 Antwerpen
Belgium
Tel: 011-32-3-247-4411
Keith Billotti, Esq.
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10004
(212) 574-1200 (telephone number)
(212) 480-8421 (facsimile number)
 
 

 
☒
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
 


This Schedule 14D-9 consists of a press release of CMB.TECH NV (“CMB.TECH” and the "Company"), which is attached hereto as Exhibit 99.1, announcing that CMB NV (“CMB”), pursuant to an order of the Belgian Financial Services and Markets Authority of October 7, 2024, will (i) make a subsequent additional payment of USD 0.52 (or EUR 0.47) per share to all shareholders who transferred their shares to CMB in its mandatory public takeover bid for the shares in the Company (the “Bid”) that expired on March 15, 2024 and (ii) reopen the Bid at an adjusted price of USD 12.66 per share.

     
Exhibit
No.
 
Description
 
   
99.1
 
Important Information
 
The tender offer described in this communication has not yet commenced.  We expect it to consist of two separate offers from CMB NV (“CMB”): (i) an offer for all ordinary shares (the “Securities”) of CMB.TECH conducted in accordance with the laws of Belgium, and (ii) an offer for all Securities held by holders that are resident in the United States in accordance with applicable U.S. law (the “U.S. Tender Offer”).

This communication is for informational purposes only and is neither a recommendation, an offer to purchase nor a solicitation of an offer to sell any securities of CMB.TECH. This communication does not constitute a formal notification of a public takeover bid within the meaning of the Belgian Law of 1 April 2007 on public takeover bids and the Belgian Royal Decree of 27 April 2007 on public takeover bids. CMB has advised us that full details thereof will be included in the prospectus to be filed with the Belgian Financial Services and Markets Authority.
The U.S. Tender Offer will only be made pursuant to an offer to purchase and related materials.  CMB has advised us that it will file, or cause to be filed, a tender offer statement on Schedule TO with the United States Securities and Exchange Commission (the “SEC”) at the time the U.S. Tender Offer commences. Thereafter, CMB.TECH will file a solicitation/recommendation statement on Schedule 14d-9 with respect to the U.S. Tender Offer.
 
CMB.TECH urges holders of the Securities subject to the U.S. Tender Offer who wish to participate in the U.S. Tender Offer to carefully review the documents relating to the U.S. Tender Offer that CMB will file with the SEC since these documents will contain important information, including the terms and conditions of the U.S. Tender Offer. CMB.TECH also urges these Holders to read the related solicitation/recommendation statement on Schedule 14d-9 that CMB.TECH will file with the SEC relating to the U.S. Tender Offer. You may obtain a free copy of these documents after they have been filed with the SEC, and other documents filed by CMB.TECH and CMB with the SEC, at the SEC’s website at www.sec.gov. In addition to the offer and certain other tender offer documents, as well as the solicitation/recommendation statement, CMB.TECH files reports and other information with the SEC.
 
You should read the filings CMB and CMB.TECH make with the SEC carefully before making a decision concerning the U.S. Tender Offer.


Forward-Looking Statements

Matters discussed in this communication may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour 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. CMB.TECH desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour 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 communication 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 risk that the proposed transaction may not be completed, or if it is completed, that it will close in a timely manner, uncertainty surrounding how many of CMB.TECH’s stockholders will tender their shares in the tender offer, the possibility of business disruptions due to transaction-related uncertainty and the response of business partners to the announcement, including customers, the risk that stockholder litigation in connection with the proposed transaction may result in significant costs of defense, indemnification and liability, 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. 



 EX-99.1 2 d11498861_ex99-1.htm

Exhibit 99.1

   
   

PRESS RELEASE
9 October 2024 – 7:30 a.m. CET
 
Regulated information
 

REOPENING OF THE MANDATORY PUBLIC TAKEOVER BID
ON CMB.TECH
ANTWERP, Belgium, 9 October 2024 7:30 a.m CET –CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMB.TECH” or the “Company”) has been informed that CMB NV (“CMB”) announced that, pursuant to an order of the Belgian Financial Services and Markets Authority (the “FSMA”) of October 7, 2024, it will (i) make a subsequent additional payment of USD 0.52 (or EUR 0.47) per share to all shareholders who have transferred their shares to CMB in its mandatory public takeover bid for the shares in the Company (the “Bid”) that expired on March 15, 2024 and (ii) reopen the Bid at an adjusted price of USD 12.66 per share.
CMB has published a notice in accordance with article 8, §1 of the Belgian Royal Decree of 27 April 2007 on public takeover bids regarding the subsequent payment and its intention to launch the reopening of the Bid, which can be found here: https://www.cmb.be/mandatory-bid.
Announcement Q3 2024 Earnings – 7 November 2024

About CMB.TECH
CMB.TECH (all capitals) is a diversified and future-proof maritime group that is a pioneer in decarbonising shipping. We own and operate more than 160 vessels: crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind ships, tugs and ferries. We also offer hydrogen and ammonia fuel to customers, through own production or third-party producers. The company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia and Africa.
CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT.
More information can be found at https://cmb.tech
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour 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 harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour 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.


CMB.TECH w Contact 
Head of Marketing & Communications
Katrien Hennin
  
 
Tel: +32 499393470
katrien.hennin@cmb.tech
 
    
Page 1 of 2


   
   

PRESS RELEASE
9 October 2024 – 7:30 a.m. CET
 
Regulated information
 

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.
Disclaimer
This announcement does not constitute a formal notification of a public takeover bid within the meaning of the Belgian Law of 1 April 2007 on public takeover bids and the Belgian Royal Decree of 27 April 2007 on public takeover bids. CMB has announced that, if the Bid is reopened, full details thereof will be included in a supplement to the prospectus to be filed with the Belgian Financial Services and Markets Authority.
This communication shall not constitute a reopening of a tender offer in any country or jurisdiction in which such offer would be considered unlawful or otherwise violate any applicable laws or regulations, or which would require CMB or any of its affiliates to change or amend the terms or conditions of such offer in any manner, to make any additional filing with any governmental or regulatory authority or take any additional action in relation to such offer.
Important information for U.S. investors about the proposed transaction
The tender offer referred to in this press release has not yet commenced. This press release is provided for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell any ordinary shares of CMB.TECH NV (formerly Euronav NV, “CMB.TECH”) or any other securities. If and at the time a tender offer is commenced, CMB has announced that it intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a Tender Offer Statement on Schedule TO containing an offer to purchase, a form of letter of transmittal and other documents relating to the tender offer, which will be mailed to CMB.TECH’s shareholders and CMB.TECH will file with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer.
THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WILL CONTAIN IMPORTANT INFORMATION. U.S. SHAREHOLDERS OF CMB.TECH ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT SUCH HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR ORDINARY SHARES.
Such documents, and other documents filed by CMB and CMB.TECH, may be obtained by U.S. shareholders without charge after they have been filed at the SEC’s website at www.sec.gov. The offer to purchase and related materials may also be obtained (when available) for free by U.S. shareholders by contacting the information agent for the tender offer that will be named in the tender offer statement on Schedule TO.



CMB.TECH w Contact 
Head of Marketing & Communications
Katrien Hennin
  
 
Tel: +32 499393470
katrien.hennin@cmb.tech
 
    
Page 2 of 2

 GRAPHIC 3 image00002.jpg begin 644 image00002.jpg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end