Euronav steps up summer share buyback

Euronav-TI-Hellas

Euronav announced that the company has purchased on NYSE and on Euronext Brussels a total of 420,648 of its own shares for an aggregate price of EUR 3,510,324.

Following these transactions, the company now owns 4,946,216 shares (2.25% of the total outstanding share count).

The company will monitor market conditions to decide to continue buying back shares, taking into account a variety of factors, including regulatory or legal requirements and other corporate considerations.

The Board and Management firmly believe this affirmative action creates long term value for all stakeholders given the significant disconnect between equity and net asset values at present and reflects the strength of Euronav’s balance sheet and the confidence of Board and Management in the long term value in the Company’s shares.

LEAVE A COMMENT

×

Comments are closed.