Euronav: Share Buyback
PR Newswire
ANTWERP, Belgium, July 1, 2016
ANTWERP, Belgium, July 1, 2016 /PRNewswire/ —
Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today confirms that the Company has purchased 192,415 of its own shares on Euronext Brussels for an aggregate price of EUR 1,528,211.11.
Highest Transaction date Quantity Average price Lowest price price Total price 24 June 2016 75,270 7.8714 EUR 7.714 EUR 8.000 EUR 592,480.28 EUR 27 June 2016 117,145 7.9878 EUR 7.960 EUR 8.000 EUR 935,730.83 EUR
Following these transactions, the Company now owns 1,042,415 own shares (0.65% of the total outstanding shares).
Euronav may continue to buy back its own shares opportunistically. The extent to which it does and the timing of these purchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations.
Announcement of second quarter results 2016: Thursday 28 July 2016
About Euronav
Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil and petroleum products. 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 53 double hulled vessels being one V-Plus vessel, 30 VLCCs (of which 1 in 50%-50% joint venture), 20 Suezmaxes and two FSO vessels (both owned in 50%-50% joint venture). The Company’s vessels mainly fly Belgian, Greek, French and Marshall Island flags.
Regulated information within the meaning of the Royal Decree of 14 November 2007.
SOURCE Euronav
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