EURONAV NV ANTWERP, Belgium, 26 January 2016 - Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") today confirms that since the trading update of 15 January 2016, the Company has purchased 500,000 of its own shares on Euronext Brussels at an aggregate cost of EUR 4,762,784.20.
Transaction date | quantity | average price | lowest price | highest price | total price |
15 January 2016 | 100,000 | 9.1686 EUR | 8.944 EUR | 9.398 EUR | 916,860 EUR |
18 January 2016 | 71,000 | 9.4260 EUR | 9.382 EUR | 9.451 EUR | 699,246 EUR |
19 January 2016 | 132,000 | 9.6553 EUR | 9.445 EUR | 9.862 EUR | 1,274,499.60 EUR |
20 January 2016 | 100,000 | 9.2523 EUR | 9.130 EUR | 9.370 EUR | 925,230 EUR |
21 January 2016 | 47,000 | 9.8788 EUR | 9.750 EUR | 10.000 EUR | 464,303.60 EUR |
22 January 2016 | 25,000 | 10.2070 EUR | 10.130 EUR | 10.270 EUR | 255,175 EUR |
25 January 2016 | 25,000 | 10.2988 EUR | 10.255 EUR | 10.340 EUR | 257,470 EUR |
Following this transaction, the Company now owns 966,667 own shares (0.61% of the total outstanding shares).
Euronav may continue to buy back its own shares opportunistically. The extent to which it does and the timing of these purchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations. The share buybacks do not affect our dividend policy.
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ANTWERPEN, België, 26 januari 2016 - Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" of de "Vennootschap") meldt vandaag dat de Vennootschap, sinds de trading update van 15 januari 2016, 500.000 van haar eigen aandelen inkocht op Euronext Brussels voor een gezamenlijk bedrag van 4.762.784,20 EUR.
Datum transactie | aantal | gemiddelde prijs | laagste prijs | hoogste prijs | totale prijs |
15 januari 2016 | 100.000 | 9,1686 EUR | 8,944 EUR | 9,398 EUR | 916.860 EUR |
18 januari 2016 | 71.000 | 9,4260 EUR | 9,382 EUR | 9,451 EUR | 669.246 EUR |
19 januari 2016 | 132.000 | 9,6553 EUR | 9,445 EUR | 9,862 EUR | 1.274.499,60 EUR |
20 januari 2016 | 100.000 | 9,2523 EUR | 9,130 EUR | 9,370 EUR | 925.230 EUR |
21 januari 2016 | 47.000 | 9,8788 EUR | 9,750 EUR | 10,000 EUR | 464.303,60 EUR |
22 januari 2016 | 25.000 | 10,2070 EUR | 10,130 EUR | 10,270 EUR | 255.175 EUR |
25 januari 2016 | 25.000 | 10,2988 EUR | 10,255 EUR | 10,340 EUR | 257.470 EUR |
Ingevolge deze transactie houdt de Vennootschap thans 966.667 eigen aandelen aan (0,61% van het totale aantal uitstaande aandelen).
De mogelijkheid blijft bestaan dat Euronav opnieuw eigen aandelen opportunistisch zou inkopen. De mate waarin Euronav in voorkomend geval eigen aandelen zou inkopen, en de timing daarvan, zal afhangen van verschillende factoren waaronder marktomstandigheden, wettelijke bepalingen en andere overwegingen in het belang van de Vennootschap. De inkoop van eigen aandelen heeft geen invloed op het dividendbeleid.
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Contact:
Mr. Brian Gallagher - Euronav Investor Relations
Tel: +44 20 7870 0436
Email: IR@euronav.com
Announcement of fourth quarter results 2015: Thursday 28 January 2016
Bekendmaking resultaten vierde kwartaal 2015: donderdag 28 januari 2016 About EuronavEuronav is an independent tanker company engaged in the ocean transportation and storage of crude oil and
petroleum products. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav's owned and operated fleet consists of 56 double hulled vessels being one V-Plus vessel, 28 VLCCs (of which 1 in 50%-50% joint venture), three VLCCs under construction which were recently acquired as resales of existing newbuilding contracts, 22 Suezmaxes (of which four are owned in 50%-50% joint ventures) and two FSO vessels (both owned in 50%-50% joint venture). The Company's vessels mainly fly Belgian, Greek, French and Marshall Island flags.
Regulated information within the meaning of the Royal Decree of 14 November 2007.
Euronav NV issued this content on 26 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 January 2016 07:27:20 UTC
Original Document: http://www.euronav.com/Documents/IR/Press Releases/20160118_Share buyback notification.pdf
