Euronav Special Shareholder Meeting results

23 Mar 2023 15:32 CET

EURONAV SPECIAL SHAREHOLDERS MEETING RESULTS
ANTWERP, Belgium, March 23, 2023 – Euronav NV (NYSE: EURN & Euronext: EURN)
(“Euronav”) today held a Special Meeting of Shareholders in Antwerp to vote on
resolutions
submitted by Famatown Finance Ltd and CMB NV.

Shareholders voted to maintain independent directors Grace Reksten Skaugen,
Anita
Odedra, Carl Trowell. They approved a resolution proposed by CMB to terminate
the
mandates of the other independent Board members Anne-Hélène Monsellato and
Steven
Smith.

In line with the Supervisory Board’s recommendations, shareholders also approved
the
appointments of four new directors: John Frederiksen and Cato H. Stonex,
representing
Famatown; and Marc Saverys and Patrick De Brabandere, representing CMB.

The resulting composition of the new Supervisory Board is as follows:
- Grace Reksten Skaugen (independent)
- Anita Odedra (independent)
- Carl Trowell (independent)
- John Frederiksen (non-independent)
- Cato H. Stonex (non-independent)
- Marc Saverys (non-independent)
- Patrick De Brabandere (non-independent)

Grace Reksten Skaugen, Chairwoman of the Euronav Supervisory Board, said: “I
would
like to thank Anne-Hélène Monsellato and Steven Smith for their valuable
contributions to
the Euronav Supervisory Board and to our company’s success. I welcome the new
directors
and look forward to working with the enlarged Board to pursue our strategy of
profitable
growth and value-creation in the interest of all stakeholders.”

The Special Meeting of Shareholders has decided as follows:
1. Dismissal of members of the Supervisory Board
1.1 The General Meeting APPROVED the proposal to terminate the mandate of Mrs.
Anne-Hélène Monsellato as member of the Supervisory Board.
1.2 The General Meeting did NOT APPROVE the proposal to terminate the mandate
of Mrs. Grace Reksten Skaugen as member of the Supervisory Board.
1.3 The General Meeting APPROVED the proposal to terminate the mandate of Mr.
Steven Smith as member of the Supervisory Board.
1.4 The General Meeting did NOT APPROVE the proposal to terminate the mandate
of Mrs. Anita Odedra as member of the Supervisory Board.
1.5 The General Meeting did NOT APPROVE the proposal to terminate the mandate
of Mr. Carl Trowell as member of the Supervisory Board.

2. Appointment of members of the Supervisory Board Directors
2.1 The general meeting has APPROVED the proposal to appoint Mr. Marc Saverys
as non-independent member of the Supervisory Board, until and including the
ordinary general meeting to be held in 2026.
2.2 The general meeting has APPROVED the proposal to appoint Mr. Patrick De
Brabandere as non-independent member of the Supervisory Board, until and
including the ordinary general meeting to be held in 2026.
2.3 The general meeting did NOT APPROVE the proposal to appoint Mrs. Julie De
Nul as independent member of the Supervisory Board.
2.4 The general meeting did NOT APPROVE the proposal to appoint Mrs. Catharina
Scheers as independent member of the Supervisory Board.
2.5 The general meeting did NOT APPROVE the proposal to appoint Mr. Patrick
Molis as independent member of the Supervisory Board.
2.6 The general meeting has APPROVED the proposal to appoint Mr. John
Frederiksen as non-independent member of the Supervisory Board, until and
including the ordinary general meeting to be held in 2026.
2.7 The general meeting has APPROVED the proposal to appoint Mr. Cato H.
Stonex as non-independent member of the Supervisory Board, until and
including the ordinary general meeting to be held in 2026.

The minutes of the special general meeting of shareholders will be uploaded on
Euronav’s
website in the “Investors” section under “General Assemblies”:
https://www.euronav.com/investors/corporate-governance/
*
* *
Contact:
Brian Gallagher – Head of IR Communications & Management Board member
Tel: +44 20 78 70 04 36
Email: IR@euronav.com

Announcement final year results 2022: 31 March 2023

About Euronav NV
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 1 V-Plus
vessel, 41 VLCCs (with further one
under construction), 21 Suezmaxes (with a further five under construction) and 2
FSO vessels under long term
contract.

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 vales, 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.

More information:
Access the news on Oslo Bors NewsWeb site

586039_20230322_PR SGM Statement EN.pdf