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Decision to change the bid price and orders issued to CMB

Press release
Suspension of a share: stock exchange data on an LED display

In connection with CMB's mandatory takeover bid for Euronav NV/SA (presently ‘CMB.Tech’), the FSMA hereby makes public its decision to require that the price be increased by USD 0.52 per share. It also publishes the related orders to CMB to:

  • pay a supplement over the offer price (for the benefit of shareholders who had already accepted the offer during the acceptance period that ran from 14 February 2024 to 15 March 2024); and
  • reopen the offer (for the benefit of shareholders who had not yet tendered their shares) at an offer price which, taking into account the distributions made since the event giving rise to the mandatory offer, currently amounts to USD 12.66.

The FSMA considers this publication appropriate to ensure the proper functioning of the market.

The full text of the decision can be found here (official version in Dutch, with free translation in French).