UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 11)*
Euronav NV
(Name of Issuer)
Ordinary Shares, no par value
(Title of Class of Securities)
B38564108
(CUSIP Number)
Compagnie Maritime Belge NV
De Gerlachekaai 20
2000 Antwerpen
Belgium
Attention: Ludovic Saverys
Chief Financial Officer
Tel: +32 3 247 59 11
With a Copy to:
Robert E. Lustrin, Esq.
Reed Smith LLP
599 Lexington Avenue
New York, NY 10022-7650
Tel: (212) 521-5400
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 10, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. B38564108
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Compagnie Maritime Belge NV | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (See Instructions)
WC, BK | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Belgium |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
43,721,940 | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
43,721,940 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,721,940 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.67%* | |||||
14 | TYPE OF REPORTING PERSON (See Instructions)
CO |
* | The denominator is based on 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on September 28, 2022. |
CUSIP No. B38564108
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Saverco NV | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (See Instructions)
WC* | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Belgium |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
43,746,340 | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
43,746,340 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,746,340 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.68%** | |||||
14 | TYPE OF REPORTING PERSON (See Instructions)
CO |
* | As to 24,400 Ordinary Shares owned directly by Saverco NV. |
** | The denominator is based on 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on September 28, 2022. |
CUSIP No. B38564108
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Alexander Saverys | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (See Instructions)
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Belgium |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
43,746,340 | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
43,746,340 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,746,340 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.68%* | |||||
14 | TYPE OF REPORTING PERSON (See Instructions)
IN |
* | The denominator is based on 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on September 28, 2022. |
CUSIP No. B38564108
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ludovic Saverys | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (See Instructions)
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Belgium |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
43,746,340 | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
43,746,340 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,746,340 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.68%* | |||||
14 | TYPE OF REPORTING PERSON (See Instructions)
IN |
* | The denominator is based on 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on September 28, 2022. |
CUSIP No. B38564108
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Saverys | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (See Instructions)
OO | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Belgium |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
8 | SHARED VOTING POWER
43,746,340 | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
43,746,340 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,746,340 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.68%* | |||||
14 | TYPE OF REPORTING PERSON (See Instructions)
IN |
* | The denominator is based on 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on September 28, 2022. |
CUSIP No. B38564108
Explanatory Note
This Amendment No. 11 (Amendment No. 11) to Schedule 13D relates to ordinary shares without par value (the Ordinary Shares) of Euronav NV (the Issuer) and amends and supplements the initial statement on Schedule 13D filed with the Securities and Exchange Commission (the Commission) on February 14, 2022, as amended by Amendment No. 1 thereto filed with the Commission on February 23, 2022, Amendment No. 2 thereto filed with the Commission on March 9, 2022, Amendment No. 3 thereto filed with the Commission on April 1, 2022, Amendment No. 4 thereto filed with the Commission on April 4, 2022, Amendment No. 5 thereto filed with the Commission on April 12, 2022, Amendment No. 6 thereto filed with the Commission on April 26, 2022, Amendment No. 7 thereto filed with the Commission on May 4, 2022, Amendment No. 8 thereto filed with the Commission on May 17, 2022, Amendment No. 9 thereto filed with the Commission on May 24, 2022 and Amendment No. 10 thereto filed with the Commission on July 13, 2022 (the Original Schedule 13D, and as amended and supplemented by this Amendment No. 11, the Schedule 13D). Capitalized terms used but not defined in this Amendment No. 11 shall have the same meanings ascribed to them in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 11 does not modify any of the information previously reported in the Original Schedule 13D.
Item 3. | Source and Amount of Funds or Other Consideration |
Item 3 of the Original Schedule 13D is hereby amended and supplemented to add the following:
From July 14, 2022 to October 10, 2022, CMB acquired 2,846,940 Ordinary Shares at an average price of $15.49 per share, for an aggregate purchase price of $44,087,690 (including commissions). The source of funds used in these transactions was working capital of CMB. Transactions were conducted in both US Dollars and Euros. Transactions conducted in Euros were converted to US Dollars at a conversion rate in effect on the trade date.
Item 4 | Purpose of Transaction |
Item 4 of the Original Schedule 13D is hereby amended to read as follows:
Prior to the Issuers initial public offering in the United States on January 22, 2015, Marc Saverys (together with Saverco and CMB, the Original Saverco Parties), either individually or through Saverco, held an aggregate of 17,026,896 Ordinary Shares, or approximately 10.7% of the then outstanding Ordinary Shares. In a series of transactions from January 2016 through March 2020, the Original Saverco Parties reduced their beneficial ownership in the Ordinary Shares, and as of April 6, 2020, the Original Saverco Parties ceased to be the beneficial owners of more than 5% of the Ordinary Shares.
Ludovic Saverys, one of the Reporting Persons, served on the Supervisory Board of the Issuer from January 2015 through the expiration of his term and the election of his successor on May 20, 2021. He was also a member of its Remuneration Committee from January 2015 until May 2021, and a member of its ESG & Climate Committee from December 2019 until May 2021. CMB, through its subsidiaries, continues to maintain certain commercial relationships with the Issuer, including leasing office space in Belgium to the Issuer.
On April 7, 2022, the Issuer and Frontline Ltd. (Frontline) issued a joint press release (the Issuer Press Release) announcing that the Issuer and Frontline have signed a term sheet relating to a potential stock-for-stock combination between the two companies. The Issuer Press Release further stated that the transaction remains subject to, among other things, agreement on a transaction structure and on the terms and conditions of the potential combination agreement.
On April 8, 2022, CMB issued a press release (a copy of which is attached as Exhibit C to this Schedule 13D) (the CMB Press Release) announcing that CMB does not support the combination between Frontline and the Issuer. CMB questioned the current strategy of the Issuer and does not believe that a combination between the Issuer and Frontline will create added value for the Issuers stakeholders. CMB noted that it has had contacts from time to time with the Issuers Supervisory Board and management in which CMB proposed that the Issuer change its strategy to gradually diversify its fleet away from pure crude oil transportation and to focus on decarbonization. CMB stated that it will further endeavor to convince all stakeholders of the Issuer of the benefits of this alternative strategy, and will make appropriate proposals to the Issuers meeting of shareholders and actively engage in a dialogue among shareholders to reach that objective.
Alexander Saverys, one of the Reporting Persons, conducted interviews with shipping industry press resulting in news articles appearing on April 8, 2022 and April 9, 2022 in industry publications. Mr. Saverys reiterated that the Reporting Persons do not support the potential combination and that the Reporting Persons will seek to make changes to the Supervisory Board. Mr. Saverys also stated that they may thereafter propose an alternative transaction with the Issuer involving CMB.TECH, the clean tech division of CMB. Mr. Saverys also noted that the Issuer had rejected CMBs prior proposals relating to the strategic direction of the Issuer.
On April 19, 2022, the Issuer posted to its internet website the Convening Notice for the Issuers ordinary general meeting to be held on Thursday May 19, 2022 in Antwerp, Belgium (the 2022 AGM). The agenda for the 2022 AGM contained in such notice includes, inter alia, an agenda item for the reappointment and appointment of certain persons to the Issuers Supervisory Board.
On April 26, 2022, CMB delivered a letter to the Issuer, which is attached hereto as Exhibit D, in accordance with article 7:130 of the Belgian Code of Companies and Associations and Article 31 of the Issuers Coordinated Articles of Association, requesting that resolutions be added to the agenda of the 2022 AGM calling for the appointment of Mr. Bjarte Boe, Mr. Ludovic Saverys (one of the Reporting Persons, who formerly served on the Issuers Supervisory Board) and Mr. Patrick De Brabandere (a Director of CMB, one of the Reporting Persons) to the Issuers Supervisory Board. The Reporting Persons expect the Issuer to re-publish its agenda for the 2022 AGM to add these resolutions in accordance with such request and applicable law.
On May 4, 2022, the Issuer provided a revised convening notice for its 2022 Annual General Meeting to be held on Thursday 19 May 2022, at 10:30 a.m. Belgian time. The convening notice revises the agenda items related to the end of term of office, reappointment and appointment of directors to the Issuers Supervisory Board to add three additional proposed decisions calling for the appointment of Mr. Bjarte Bøe, Mr. Ludovic Saverys (one of the Reporting Persons), and Mr. Patrick De Brabandere (a Director of CMB, one of the Reporting Persons) to the Issuers Supervisory Board for a term of two years.
On May 19, 2022, the Issuer held its AGM. The Issuer reported that CMBs three nominees to the Issuers Supervisory Board were not elected by the Issuers shareholders.
On July 11, 2022, the Issuer and Frontline Ltd. (Frontline) issued a joint press release announcing that the Issuer and Frontline entered into a definitive Combination Agreement for a stock-for-stock combination based on an exchange ratio of 1.45 Frontline shares for every 1.0 Issuers share (the Proposed Combination). Such press release further stated that the transaction is structured as a voluntary conditional exchange offer (Proposed Exchange Offer) and is conditioned upon Frontline owning post Exchange Offer at least 50% + 1 of all outstanding shares in the Issuer (excluding treasury shares unable to be tendered), the relocation of the combined company to Cyprus, the absence of material adverse change and the receipt of required regulatory approvals, among other customary conditions.
On July 12, 2022, CMB issued a press release (a copy of which is attached as Exhibit E to this Schedule 13D) (the July 12 Press Release) announcing that CMB does not support the Proposed Combination for the reasons stated in the July 12 Press Release, including, among other things, CMB does not believe the Proposed Combination will create additional value for Euronavs stakeholders, and CMB believes there is a risk that the Combination will be dilutive to Euronavs shareholders. CMB continues to believe that Euronav should pursue a different strategy that would diversify the Issuers asset types and focus on decarbonization.
CMB purchased the Ordinary Shares reported on this Schedule 13D based on the Reporting Persons belief that the Ordinary Shares represent an attractive investment opportunity. CMB acquired additional Ordinary Shares with the purpose and intent of seeking the election of one or more directors to the Supervisory Board of the Issuer. The Reporting Persons continue to desire to more actively participate in decisions concerning the strategic direction of the Issuer and seek to maximize shareholder value to the benefit of the Issuer and its shareholders, including CMB. The Reporting Persons may, from time to time, change or modify their intentions as stated in this Item 4. The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons may undertake may be made at any time and from time to time without prior notice and will be dependent upon the Reporting Persons review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuers business, financial condition, operations, strategy and prospects; the trading price of the Ordinary Shares; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments.
The Reporting Persons may acquire additional beneficial ownership of securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market or in privately-negotiated transactions. In addition, the Reporting Persons may (i) take other actions to influence control of the Issuer, and/or (ii) engage in discussions with management, the Issuers Supervisory Board or a committee thereof, security holders of the Issuer, and other relevant parties, or encourage, cause or seek to cause the Issuer or such persons to consider or explore extraordinary corporate transactions, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; or other material changes in the Issuers business or corporate structure, including changes in management or the composition of the Issuers Supervisory Board. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before pursuing any particular plan or direction.
Other than as described above, the Reporting Persons do not currently have any plans or proposals that relate to, or would result in, any of the items listed in Items 4(a)-(j) of Schedule 13D, although, depending on the factors discussed herein, the Reporting Persons may change their purpose or formulate different plans or proposals with respect thereto at any time.
Item 5. | Interest in Securities of the Issuer |
Item 5(a)-(c) of the Original Schedule 13D is hereby amended to read as follows:
(a)-(b) | As of the date of this Schedule 13D, CMB directly owns 43,721,940 Ordinary Shares, which represents 21.67% of
the outstanding Ordinary Shares based upon 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on
September 28, 2022. CMB has the shared power to vote or direct the vote of |
As of the date of this Schedule 13D, Saverco directly owns 24,400 Ordinary Shares. Saverco may be deemed to beneficially own 43,746,340 Ordinary Shares, which represents 21.68% of the outstanding Ordinary Shares based upon 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the Commission on September 28, 2022. Saverco has the shared power to vote or direct the vote of 43,746,340 Ordinary Shares. Saverco has the shared power to dispose or direct the disposition of 43,746,340 Ordinary Shares.
As of the date of this Schedule 13D, Alexander Saverys owns no Ordinary Shares directly. Alexander Saverys may be deemed to beneficially own 43,746,340 Ordinary Shares, which represents 21.68% of the outstanding Ordinary Shares based upon 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the Commission on September 28, 2022. Alexander Saverys has the shared power to vote or direct the vote of 43,746,340 Ordinary Shares and the shared power to dispose or direct the disposition of 43,746,340 Ordinary Shares. Alexander Saverys disclaims beneficial ownership of such Ordinary Shares, except to the extent of his pecuniary interest therein.
As of the date of this Schedule 13D, Ludovic Saverys owns no Ordinary Shares directly. Ludovic Saverys may be deemed to beneficially own 43,746,340 Ordinary Shares, which represents 21.68% of the outstanding Ordinary Shares based upon 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the Commission on September 28, 2022. Ludovic Saverys has the shared power to vote or direct the vote of 43,746,340 Ordinary Shares and the shared power to dispose or direct the disposition of 43,746,340 Ordinary Shares. Ludovic Saverys disclaims beneficial ownership of such Ordinary Shares, except to the extent of his pecuniary interest therein.
As of the date of this Schedule 13D, Michael Saverys owns no Ordinary Shares directly. Michael Saverys may be deemed to beneficially own 43,746,340 Ordinary Shares, which represents 21.68% of the outstanding Ordinary Shares based upon 201,783,532 Ordinary Shares outstanding as of June 30, 2022, as reported in the Issuers Current Report on Form 6-K furnished to the Commission on September 28, 2022. Michael Saverys has the shared power to vote or direct the vote of 43,746,340 Ordinary Shares and the shared power to dispose or direct the disposition of 43,746,340 Ordinary Shares. Michael Saverys disclaims beneficial ownership of such Ordinary Shares, except to the extent of his pecuniary interest therein.
Except as described above, no Ordinary Shares are beneficially owned by the persons named in Item 2.
(c) | During the past sixty (60) days, CMB purchased Ordinary Shares in a series of open-market transactions. The transaction dates, number of shares purchased, and average prices per share are set forth on Exhibit B hereto. |
(d) | To the best knowledge of the Reporting Persons, no other person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5. |
(e) | N/A |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
The last sentence of the second paragraph of Item 6 of the Original Schedule 13D is hereby amended to read as follows:
After giving effect to borrowings and principal repayments under the Loan Agreement, as of the date of this Schedule 13D the outstanding principal balance is $138,000,000.
Item 7. | Material to Be Filed as Exhibits |
Exhibit A | Joint Filing Agreement | |
Exhibit B | Information concerning transactions during the past 60 days | |
Exhibit C | Press Release dated April 8, 2022* | |
Exhibit D | Letter to Euronav NV dated April 26, 2022** | |
Exhibit E | Press release dated July 12, 2022*** |
* | Previously filed with Amendment No. 5 on April 12, 2022 |
** | Previously filed with Amendment No. 6 on April 26, 2022 |
*** | Previously filed with Amendment No. 10 on July 13, 2022 |
Signatures
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
October 11, 2022 |
Dated |
COMPAGNIE MARITIME BELGE NV | ||
By: | /s/ Ludovic Saverys | |
Name: | Ludovic Saverys | |
Title: |
Chief Financial Officer |
SAVERCO NV | ||
By: | /s/ Ludovic Saverys | |
Name: | Ludovic Saverys | |
Title: | Director | |
ALEXANDER SAVERYS | ||
/s/ Alexander Saverys | ||
LUDOVIC SAVERYS | ||
/s/ Ludovic Saverys | ||
MICHAEL SAVERYS | ||
/s/ Michael Saverys |
Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13D. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of October 11, 2022.
COMPAGNIE MARITIME BELGE NV | ||
By: | /s/ Ludovic Saverys | |
Name: | Ludovic Saverys | |
Title: | Chief Financial Officer | |
SAVERCO NV | ||
By: | /s/ Ludovic Saverys | |
Name: | Ludovic Saverys | |
Title: | Director | |
ALEXANDER SAVERYS | ||
/s/ Alexander Saverys | ||
LUDOVIC SAVERYS | ||
/s/ Ludovic Saverys | ||
MICHAEL SAVERYS | ||
/s/ Michael Saverys |
Exhibit B
TRANSACTIONS IN THE ORDINARY SHARES IN THE LAST 60 DAYS
US Dollar Denominated Purchases by CMB
DATE |
NUMBER OF SHARES PURCHASED |
AVERAGE PRICE PER SHARE |
||||||
9/27/2022 |
130,000 | $ | 16.4133 | |||||
9/28/2022 |
248,000 | $ | 15.9964 | |||||
9/29/2022 |
380,000 | $ | 15.4105 | |||||
10/10/2022 |
600,000 | $ | 15.5938 |
Euro Denominated Purchases by CMB
(in US Dollars)*
DATE |
NUMBER OF SHARES PURCHASED |
AVERAGE PRICE PER SHARE |
||||||
9/27/2022 |
296,485 | $ | 16.9442 | |||||
9/28/2022 |
175,515 | $ | 16.0209 | |||||
9/29/2022 |
270,000 | $ | 15.7430 | |||||
10/5/2022 |
350,885 | $ | 14.4649 | |||||
10/10/2022 |
263,340 | $ | 15.3793 |
* | These transactions were conducted in Euros and converted to US Dollars at a conversion rate in effect on the relevant trade date. |