UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 5)
Euronav NV
(Name of Subject Company)
Compagnie Maritime Belge NV
(Offeror Name of Filing Person)
Ordinary Shares, no par value
(Title of Class of Securities)
B38564108
(CUSIP Number of Class of Securities)
Ludovic Saverys
Chief Financial Officer
Compagnie Maritime Belge NV
De Gerlachekaai 20
2000 Antwerp Belgium
Telephone: +32 3 247 59 11
(Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)
With a Copy to:
Robert E. Lustrin, Esq.
Reed Smith LLP
599 Lexington Avenue
New York, NY 10022-7650
Telephone: (212) 521-5400
☐ | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
Amount Previously Paid: None | Filing Party: Not applicable | |
Form of Registration No.: Not applicable | Date Filed: Not applicable |
☐ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
☒ | third-party tender offer subject to Rule 14d-1 |
☐ | issuer tender offer subject to Rule 13e-4 |
☐ | going-private transaction subject to Rule 13e-3 |
☐ | amendment to Schedule 13D under Rule 13d-2 |
Check the following box if the filing is a final amendment reporting the results of the tender offer. ☐
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
☐ | Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
☒ | Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |
This Amendment No. 5 (this Amendment No. 5) amends and supplements the Tender Offer Statement on Schedule TO filed by Compagnie Maritime Belge NV, a public limited liability company (naamloze vennootschap) under Belgian law (CMB or the Offeror), with the U.S. Securities and Exchange Commission (the Commission) on February 14, 2024, as amended and supplemented by Amendment No. 1 thereto filed by CMB with the Commission on February 27, 2024, Amendment No. 2 thereto filed by CMB with the Commission on March 1, 2024, Amendment No. 3 thereto filed by CMB with the Commission on March 4, 2024 and Amendment No. 4 thereto filed by CMB with the Commission on March 14, 2024 (the Schedule TO). The Schedule TO relates to the offer by CMB to purchase all outstanding ordinary shares, no par value (Ordinary Shares or the Shares), of Euronav NV, a public limited liability company (naamloze vennootschap) under Belgian law (Euronav or the Company), beneficially owned by U.S. Holders for $17.86 per share in cash, without interest and less any applicable withholding taxes, reduced on a dollar-for-dollar basis by the gross amount of any distributions by Euronav to its shareholders (including in the form of a dividend, distribution of share premium, decrease of share capital or in any other form) with a payment date falling after the date of the Offer to Purchase and before the Settlement Date (the Offer Price), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 14, 2024 (the Offer to Purchase), and the related Letter of Transmittal (the Letter of Transmittal which, together with the Offer to Purchase, as each may be amended and supplemented from time to time, constitute the Offer), copies of which are attached to the Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively.
Except as otherwise set forth in this Amendment No. 5, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the items identified in this Amendment No. 5. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO.
Items 1 through 9 and Item 11.
The Offer to Purchase and Items 1 through 9 and Item 11 of the Schedule TO, to the extent such Items incorporate by reference the information contained in the Offer to Purchase, are hereby amended and supplemented as follows:
The Initial Acceptance Period of the U.S. Offer (and the related withdrawal rights) expired as scheduled at 10:00 A.M. New York City time on March 15, 2024. The Offeror will publish the results of the Offers not later than March 22, 2024. As previously disclosed, the Offeror will commence payment for all Ordinary Shares that were validly tendered and not withdrawn within ten (10) business days following the publication of such results, in accordance with Belgian law.
Item 12.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit(s):
Exhibit No | Description | |
(a)(5)(J) | Press Release issued by the Offeror dated March 15, 2024. |
SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: March 15, 2024 | COMPAGNIE MARITIME BELGE NV | |||||
By: | /s/ Ludovic Saverys | |||||
Name: | Ludovic Saverys | |||||
Title: | Chief Financial Officer |
EXHIBIT INDEX
* | Previously filed. |
** | Filed herewith. |
Exhibit (a)(5)(J)
PRESS RELEASE
FOURWORLD REQUEST ALSO DENIED IN BELGIUM OFFERS HAVE CLOSED AS SCHEDULED
Antwerp, March 15, 2024, 5 p.m. CMB NV (CMB) announced today that the Market Court in Belgium has denied a request to suspend the closing of the Belgian offer. The request was filed by certain funds managed by FourWorld Capital Management, LLC (FourWorld) in connection with CMBs Belgian offer for shares of Euronav NV (Euronav).
Both the U.S. offer and the Belgian offer have closed earlier today as scheduled. CMB will announce the results of the offers at the latest on March 22nd, in accordance with the offering materials.
About CMB
CMB (Compagnie Maritime Belge) is a diversified shipping group based in Antwerp, Belgium. CMB is the majority shareholder of Euronav.
More information can be found at www.cmb.be.
About Euronav NV & CMB.TECH
Euronav and CMB.TECH together represent a group with approximately 150 ocean-going vessels in dry bulk, container shipping, chemical tankers, offshore wind and oil tankers. The group focuses on large marine and industrial applications on hydrogen or ammonia. They 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 and Asia.
Euronav is listed on Euronext Brussels and on the NYSE under the symbol EURN.
Euronav plans to change the groups name to CMB.TECH. Euronav will remain the oil tanker shipping division within the group.
More information can be found at www.euronav.com.
Disclaimer
This press release does not constitute a takeover bid to purchase securities of Euronav nor a solicitation by anyone in any jurisdiction with respect to Euronav. The public takeover bid is only made on the basis of the prospectus approved by the FSMA, which is available on www.cmb.be/mandatorybid. Neither this press release nor any other information in respect of the matters contained herein may be supplied in any jurisdiction where a registration, qualification or any other obligation is in force or would be with regard to the content hereof or thereof. Any failure to comply with these restrictions may constitute a violation of the financial laws and regulations in such jurisdictions. CMB and its affiliates explicitly decline any liability for breach of these restrictions by any person.
Additional Information for U.S. Holders
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares, no par value, of Euronav (Ordinary Shares) or any other securities.
The U.S. Offer is only being made to U.S. Holders who are the beneficial owners of Ordinary Shares. The U.S. Offer is made solely by the Offer to Purchase and related Letter of Transmittal, which are included in CMBs Schedule TO filed with the U.S. Securities and Exchange Commission (SEC). The U.S. Offer expired on March 15, 2024.
CONTACT
Katrien Hennin
Head of Marketing and Communications CMB
+32 499 39 34 70
Katrien.hennin@cmb.be