Euronav: Capital Increase for Maersk VLCC Fleet Acquisition Approved

Euronav said that the meeting of shareholders has approved a USD 300,000,000 capital increase against issuance of 32,841,528 new shares for Maersk VLCC fleet acquisition.

 

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.

Euronav, February 25, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >