Scotia Capital News

Euronav NV announced today the upsizing and pricing of its initial public offering in the United States. The size of the offering has been increased from the initially announced 13,550,000 ordinary shares to 16,260,000 ordinary shares at an issue price per share of USD 12.25 for gross base proceeds of USD 199,185,000. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,439,000 ordinary shares. The Company’s ordinary shares offered in the United States are expected to commence trading on the New York Stock Exchange (the “NYSE”) today under the ticker symbol “EURN.”  This offering is expected to close on January 28, 2015, subject to the satisfaction of customary closing conditions.

Euronav NV announced the commencement of its underwritten initial public offering in the United States of 13,550,000 ordinary shares. The company will grant the underwriters a 30-day option to purchase additional ordinary shares representing up to 15% of the offered shares. On January 19, 2015 the closing price of the company’s ordinary shares on Euronext Brussels was $12.94 per share (based upon the Bloomberg Composite Rate of EUR 0.8604 per $1.00 USD in effect on that date). The company has been approved to list its ordinary shares on the New York Stock Exchange (NYSE) under the symbol EURN.

Teekay Corporation (Teekay) announced that its wholly owned subsidiary, Teekay Tankers Ltd., has filed a registration statement with the U.S. Exchange Commission for an initial public offering of its Class A Common Stock. their over-allotment option in full), representing a 40% ownership interest. under a mix of spot-market trading and short- or medium-term fixed-rate time-charter contracts. Suezmax-class oil tankers. distribution, subject to any reserves established by its board of directors. Company, Scotia Capital, and Johnson Rice & Company L.L.C.

CP Ships Limited's CEO Ray Miles is scheduled to speak at two investor conferences this month. On May 12, Miles will address Scotia Capital's Industrials Conference in Toronto, and on May 13, he will speak at Bear Stearns' Global Transportation and Logistics Conference in New York at 2:20 pm.