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    MNG   GB00BKFB1C65

M&G PLC

(MNG)
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M&G : Disclosure regarding a transparency notification

04/01/2021 | 02:02am EDT
DISCLOSURE REGARDING  A TRANSPARENCY NOTIFICATION 
 
(article 14, 1st paragraph, of the Law of 2 May 2007  relating to the disclosure
of  important shareholdings in listed companies) 
 
1. Summary of the notification 
 
ANTWERP, Belgium, 1 April 2021 - Euronav NV (NYSE: EURN & Euronext: EURN)
("Euronav" or the "Company") received a transparency notification on 29 March
2021 from M&G Plc according to which M&G Plc holds 4.96% of the voting rights in
the Company.  
 
2. Content of the notification 
  
M&G Plc 
 
The notification dated 29 March 2021 contains the following information: 
 
o Reason for the notification: Acquisition or disposal of voting securities or
voting rights 
 
o Notification by: A parent undertaking or a controlling person 
 
o Persons subject to the notification requirement: M&G Plc, 10, Fenchurch
Avenue, London EC3M 5AG  
 
o Transaction date: 26 March 2021 
 
o Threshold that is crossed: 5% 
 
o Denominator: 220,024,713

o Notified details: 
A) Voting rights	Previous notification	After the transaction
 	Number of voting rights	Number of voting rights	% of voting rights
Holder of voting rights	 	Linked to securities	Not linked to securities	Linked
to securities	Not linked to securities
M&G Plc	0	0	0	0,00%	0,00%
M&G Investment Management Ltd.	10,770,947	10,817,342	0	4.92%	0,00%
Subtotal	10,770,947	10,817,342		4,92%	
 	TOTAL	10,817,342	0	4.92%	0,00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent
financial instruments	Type of financial instrument	Expiration date	Exercise
period or date	# of voting rights that may be acquired if the instrument is
exercised	% of voting rights	Settlement
M&G Plc	Lent shares (right of recall)			0	0.00%	Physical
M&G Investment Management Ltd.	Lent shares (right of 
recall)			90,344	0.04%	Physical
	TOTAL	 	90,344	0.04%	 

TOTAL (A & B)	# of voting rights	% of voting rights
	10,907,686	4.96%

o Full chain of controlled undertaking through which the holding is effectively
held: M&G Plc (parent holding company) is not controlled. M&G Group Regulated
Entity Holding Company Limited (wholly owned subsidiary of M&G Plc). M&G Group
Limited (wholly owned subsidiary of M&G Group Regulated Entity Holding Company
Limited). M&G FA Limited (wholly owned subsidiary of M&G Group Limited). M&G
Investment Management Limited (wholly owned subsidiary of M&G FA Ltd). 
 
o Additional information M&G Investment Management Ltd is an investment firm and
can exercise the voting rights attached to the shares at its own discretion in
the absence of specific instructions.  
 
3. Miscellaneous 
 
This press release is available on the Company's website in the investor
relations section:
https://www.euronav.com/investors/company-news-reports/press-releases/2021/. 
 
The transparency notification is available on the Company's website in the
investor relations section:
https://www.euronav.com/en/investors/share-securitiesinformation/transparency-de
claration/declaration/ 
 
Forward-Looking Statements  
 
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts. The
Company desires to take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The words "believe",
"anticipate", "intends", "estimate", "forecast", "project", "plan", "potential",
"may", "should", "expect", "pending" and similar expressions identify
forward-looking statements. 
 
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections. 
 
In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include the failure of counterparties to fully
perform their contracts with us, the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in our operating
expenses, including bunker prices, dry-docking and insurance costs, the market
for our vessels, availability of financing and refinancing, charter counterparty
performance, ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires and other factors. Please see our filings
with the United States Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties.  
 
* *  * 
 
 
 
 
Contact: Brian Gallagher - Head of IR, Research and Communications & Management
Board member              Tel: +44 20 78 70 04 36                               
                         Email: IR@euronav.com 
 
Annual report 2020 available on website: Thursday 15 April 2021 
About Euronav Euronav is an independent tanker company engaged in the ocean
transportation and storage of crude oil. 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 2 V-Plus vessels, 45 VLCCs, 28
Suezmaxes (one of which is in a joint venture and two vessels time chartered in
and two to be delivered) and 2 FSO vessels (both owned in 50%-50% joint
venture). 
 
Regulated information within the meaning of the Royal Decree of 14 November
2007.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
EURONAV NV 0.96% 7.774 Real-time Quote.17.79%
M&G PLC 3.01% 236.1 Delayed Quote.19.27%
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Sales 2021 21 765 M 30 672 M 30 672 M
Net income 2021 627 M 884 M 884 M
Net Debt 2021 4 712 M 6 641 M 6 641 M
P/E ratio 2021 10,4x
Yield 2021 7,67%
Capitalization 5 976 M 8 421 M 8 422 M
EV / Sales 2021 0,49x
EV / Sales 2022 0,44x
Nbr of Employees 5 961
Free-Float 99,5%
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 225,42 GBX
Last Close Price 236,10 GBX
Spread / Highest target 8,01%
Spread / Average Target -4,52%
Spread / Lowest Target -18,7%
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NameTitle
John William Foley Chief Executive Officer & Executive Director
Clare Jane Bousfield Chief Financial Officer & Executive Director
Fiona Jane Clutterbuck Chairman
Roddy Thomson Chief Operating Officer
Jonathan Mark Brewis Daniels Chief Investment Officer
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