Euronav sends shares to the Big Apple

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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