Currently, the share capital of Euronav NV amounts to USD 173,046,122.14 represented by 159,208,949 shares, of which 1.042.415 treasury shares.
An overview of the most recent capital increases is as follows:
Cancellation of shares
The share capital of Euronav amounted to USD 56,247,700.80 and was represented by 51,750,000 shares since the General Shareholders' Meeting of 29 April 2008 where it has been decided to cancel 768,862 shares held by the company which it had bought back in the course of 2007.
Between 29th June and 19th August 2005 the company's share capital was increased in stages with the issuance and distribution of new shares to a number of companies related to Tanklog Shipholdings Ltd. (British Virgin Islands), in return for the contribution in kind of their receivables vis-à-vis Euronav. These transactions are realised by means of an authorisation granted to the board of directors, by the Extraordinary Shareholders' Meeting of 26th April 2005, to increase the share capital of the company. Up to this date the following stages have been completed:
- 29-06-2005: issuance and distribution of 1,534,310 new shares;
- 18-07-2005: issuance and distribution of 2,216,136 new shares;
- 19-07-2005: issuance and distribution of 2,931,150 new shares;
- 03-08-2005: issuance and distribution of 902,100 new shares;
- 18-08-2005: issuance and distribution of 1,701,871 new shares;
- 19-08-2005: issuance and distribution of 1,216,488 new shares (final tranche)
Partial demerger with CMB
Euronav's Extraordinary Shareholders' Meeting of 30th November 2004 approved the proposal to divide the number of shares by a factor of 701.6807 so that the share capital, previously represented by 10,000 shares, counted 7,016,807 shares.
Within the framework of the partial demerger of CMB, 35,000,000 new Euronav shares were issued to the shareholders of CMB, in the proportion of 1 share in Euronav for 1 share in CMB. As a result of this transaction, 42,016,807 shares represented the share capital of the company.