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:
* 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