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 July 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 July 29, 2020, announcing that the Company filed a transparency notification on July 28, 2020. Following the acquisition of voting securities or voting rights on July 23, 2020, the Company held as of that date 5.06% of the shares of the Company and thus exceeded 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: July 29, 2020 | |||
| By: | /s/ Lieve Logghe | ||
| Lieve Logghe | |||
| Chief Financial Officer | |||
 | PRESS RELEASE Regulated information 29 July 2020 – 5.45 p.m. CET _____________________________________ |
DISCLOSURE REGARDING
A TRANSPARENCY NOTIFICATION
(article 14, 2nd 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, 29 July 2020 – Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) filed a transparency notification on 28 July 2020. Following the acquisition of voting securities or voting rights on 23 July 2020, Euronav NV held as of that date 5.06% of the shares of the Company and thus exceeded the 5% threshold.
| 2. | Content of the notification |
Euronav NV
The notification dated 28 July 2020 contains the following information:
| • | Reason for the notification: |
Acquisition or disposal of voting securities or voting rights
| • | Notification by: |
A person that notifies alone
| • | Persons subject to the notification requirement: |
Euronav NV, De Gerlachekaai 20, 2000 Antwerp
| • | Transaction date: |
23 July 2020
| • | Threshold that is crossed: |
5%
| • | Denominator: |
220,024,713
| PRESS RELEASE Regulated information 29 July 2020 – 5.45 p.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 | |
| Euronav NV | 11,133,716 | 5.06% | |||
| TOTAL | 11,133,716 | 5.06% | |||
| 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 |
| 0 | 0.00% | |||||
| TOTAL | 0 | 0.00% | ||||
| TOTAL (A & B) | # of voting rights | % of voting rights |
| 11,133,716 | 5.06% |
| • | Full chain of controlled undertaking through which the holding is effectively held: |
Euronav NV is not a controlled undertaking
| • | Additional information: |
Following a series of share buybacks, Euronav NV as of 23 July 2020 held 11,133,716 shares of the Company and thus exceeded the 5% threshold. In accordance with applicable law, the voting rights related to the treasury shares are suspended and the dividend rights related to those shares are cancelled by virtue of law.
| PRESS RELEASE Regulated information 29 July 2020 – 5.45 p.m. CET _____________________________________ |
| 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/.
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 & Management Board member
Tel: +44 20 78 70 04 36
Email: IR@euronav.com
Announcement of Q2 Results 2020: 6th August 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, 45 VLCCs (four to be delivered), 25 Suezmaxes (two of which are in a joint venture) and 2 FSO vessels (both owned in 50%-50% joint venture).
Regulated information within the meaning of the Royal Decree of 14 November 2007
| PRESS RELEASE Regulated information 29 July 2020 – 5.45 p.m. CET _____________________________________ |
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.