Euronav: Capital Increase for Maersk VLCC Fleet Acquisition Approved

That results in the following overview:

	Before	Current
Total subscribed capital (USD)	$94,388,158.23	$130,084,009.11
Total number of ordinary shares in issue (with voting rights)	86,840,658	119,682,186
Total number of outstanding convertible bonds maturing 2015	250	250
Total number of outstanding convertible bonds maturing 2018	57	57
Total number of outstanding perpetual convertible preferred security	30	30

of which 1,750,000 shares are treasury shares

All other points on the agenda of the shareholders’ meeting were also approved.

Following the USD 50 million capital increase that took place on 13 January 2014 as well as the issue of a USD 235 million 7-year bond and the signing of a commitment letter for a USD 500 million senior secured credit facility earlier this month, this approval is the last step required for the full financing of the acquisition of the Maersk Tankers fleet.

The company further reports that on 20 February 2014 it has successfully taken delivery of the first vessel from Maersk: The Nautilus.

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