EuropeFinance and Insurance
Euronav sends shares to the Big Apple
Antwerp: Belgium’s Euronav has successfully swapped all of its unregistered ordinary shares that trade on Euronext Brussels for ordinary shares to trade on the New York Stock Exchange.
Shareholders tendered for exchange 45% of a total 95m shares.
Settlement of the US exchange offer is expected to be completed on April 1, at which time the tendered shares are expected to commence trading on the New York Stock Exchange. At that time, approximately 50% of the company’s free float will be registered in the US share register.