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6-K

Cmb.Tech NV (CMBT)

6-K 2020-10-02 For: 2020-10-31
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Added on April 09, 2026

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 October 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 October 2, 2020, announcing that the Company has purchased on the NYSE and on Euronext Brussels a total of 584,500 of its own shares for an aggregate price of USD 5,203,293.28.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-238472) that was filed with the U.S. Securities and Exchange Commission effective May 18, 2020.


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.

ONAV NV
(Registrant)
Dated: October 2, 2020
By:

All values are in Euros.


EXHIBIT 99.1

PRESS RELEASE<br><br> <br>Regulated information<br><br> <br>Friday 2 October 2020 – 8.00 a.m. CET<br><br> <br>_____________________________________

SHARE BUYBACK

ANTWERP, Belgium, 2 October 2020 – Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) announces that the Company has purchased on the NYSE and on Euronext Brussels a total of 584,500 of its own shares for an aggregate price of EUR 4,357,867.07 (USD 5.203.293,28) as part of its capital allocation strategy and returns to shareholder policy.

Following these transactions, the Company now owns 16,069,873 shares (7.30% of the total outstanding share count).

Further details on these transactions are as follows:

Shares repurchased on Euronext Brussels

Transaction date Quantity Average Price Lowest price Highest  price Total price
25 September 2020 50,000 EUR 7.6009 EUR 7.5000 EUR 7.7400 EUR 380,045.00
28 September 2020 50,000 EUR 7.5547 EUR 7.4300 EUR 7.6400 EUR 377,735.00
29 September 2020 100,000 EUR 7.4817 EUR 7.3800 EUR 7.5350 EUR 748,170.00
30 September 2020 100,000 EUR 7.5357 EUR 7.4950 EUR 7.6400 EUR 753,570.00

Shares repurchased on the NYSE

Transaction date Quantity Average Price Lowest price Highest price Total price
25 September 2020 50,000 USD 8.8731 USD 8.8000 USD 8.9400 USD 443,655.00
28 September 2020 50,000 USD 8.7182 USD 8.6800 USD 8.7400 USD 435,910.00
29 September 2020 100,000 USD 8.7540 USD 8.6900 USD 8.8100 USD 875,400.00
30 September 2020 84,500 USD 8.8812 USD 8.8200 USD 8.9300 USD 750,461.40

Euronav has now delivered on its commitment to return USD 200 million to shareholders by the end of Q3 via USD 100 million in cash dividends and USD 100 million in share repurchases funded by earnings derived during Q2 2020. The company retains the authority to repurchase shares going forward and will monitor market conditions before deciding whether to continue buying back shares, taking into account a variety of factors, including regulatory or legal requirements and other corporate considerations.

The Supervisory Board and Management Board firmly believe share repurchases creates sustained long term value for all stakeholders .

*

*  *


PRESS RELEASE<br><br> <br>Regulated information<br><br> <br>Friday 2 October 2020 – 8.00 a.m. CET<br><br> <br>_____________________________________

Contact:

Brian Gallagher – Head of IR, Research and Communications & Management Board member

Tel: +44 20 78 70 04 36

Email: [email protected]

Announcement of Q3 Results: Thursday 5 November 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

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.