Euronav to Raise Capital through Bond Conversion

Posted by Michelle Howard
Tuesday, January 14, 2014

Euronav NV announced that on January 10, 2014 its share capital was increased following the exercise of the conversion option of 491 convertible bonds issued in 2013 and maturing in 2018. That resulted in the issuance of 8,163,810 new ordinary shares.


The impact on the company’s capital of additional conversions of convertible instruments is set out in detail in the board report dated January 31,  2013, which is available from the investors’ section on the company's website.


With reference to the news of Monday, January 6, 2014, Euronav confirms the effective issue of 5,473,571 new ordinary shares on January 10, 2014 against payment of approximately $50 million.


That results in the following overview:

Total subscribed capital (USD)
Before: 58,936,522.32
Current: 73,759,155.37


Total number of ordinary shares in issue (with voting rights)*
Before: 54,223,817
Current: 67,861,198


Total number of outstanding convertible bonds maturing 2015
Before: 250
Current: 250


Total number of outstanding convertible bonds maturing 2018
Before: 1,098
Current: 607
* of which 1,750,000 shares are treasury shares


euronav.com

Maritime Reporter September 2013 Digital Edition
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