LIMASSOL, Cyprus, Feb. 09, 2023 (GLOBE NEWSWIRE) — Famatown Finance Restricted1 (“Famatown” or “the corporate”) declares that, with respect to the EGM of Euronav NV (NYSE: EURN, Euronext: EURN) deliberate for 23 March 2023, it intends to train its shareholder rights and suggest as candidates for the Euronav supervisory board Mr. John Fredriksen and Mr. Cato H. Stonex. The bios of Mr. Fredriksen and Mr. Stonex are included beneath. The corporate will take the mandatory steps in view of the EGM to formalize this proposal.
Famatown additional absolutely reserves its rights as shareholder, together with its rights to make additional proposals for modification of the EGM and to train its voting rights in its full discretion.
Mr. John Fredriksen (born tenth Might 1944) is a Norwegian-born Cypriot businessman based mostly in London. Trusts settled by Mr. Fredriksen for the good thing about his shut relations management important pursuits in delivery, offshore, property, fish farming and different industries the place essentially the most recognized delivery pursuits are the publicly listed corporations Frontline Plc, Golden Ocean Ltd, SFL Corp. Ltd, Flex LNG Ltd and Avance Fuel ASA. He has over the past seven a long time turn out to be one of the crucial distinguished figures within the delivery trade with the important thing philosophy being environment friendly and clear enterprise operations centered on producing shareholder returns.
Mr. Cato H. Stonex (born seventeenth December 1963) is a British Citizen and has had an extended profession in Fund administration, initially with J Rothschild Funding Administration. He was then a founder companion of Taube Hodson Stonex for 20 years, which managed institutional portfolios of World Fairness mandates. THS was bought to GAM in 2016, since when he has established Companions Funding Firm, which has centered on inventory selecting in small and mid-cap equities, largely in Europe. In 2021 Companions Funding Firm LLP turned Stonex Capital Companions Ltd and that very same yr Cato additionally funded WMC Capital LTD, an funding firm centered on the restoration of the worldwide delivery trade. He has additionally been concerned in a spread of different enterprise areas. He has been a long-term investor in German property and is a founder and director of Obotritia, a German conglomerate with pursuits in property, enterprise capital and banking. Since 2016 he has been a director of two Spanish property corporations, Axiare and Arima, the primary of which was bought in 2018 and the second which is listed on the Madrid inventory change. He has a spread of different non-public enterprise pursuits. He holds an undergraduate diploma from the London College of Economics and Political Science, the place he served for ten years as a Governor and is now an Emeritus Governor. He has chaired its Improvement Committee and is now an advisor to the Endowment Funding Committee. He’s carefully concerned with LSE Concepts, a number one educational assume tank.
Cautionary Statements
Statements contained on this press launch that aren’t historic information are forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Ahead-looking statements embody phrases or phrases corresponding to “anticipate,” “imagine,” “estimate,” “anticipate,” “intend,” “plan,” “mission,” “might,” “might,” “may,” “ought to,” “will” and related phrases and particularly embody statements referring to future monetary efficiency and shareholder worth. Ahead-looking statements are aspirational and are usually not ensures or guarantees that such expectations, plans, or targets might be met. They’re additionally topic to quite a few dangers, uncertainties and assumptions which will trigger precise outcomes to range materially from these indicated. Every forward-looking assertion speaks solely as of the date of the actual assertion and we undertake no obligation to replace or revise any forward-looking or different statements, besides as required by legislation and however any historic observe of doing so.
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1 Based on a Schedule 13D/A filed with the U.S. Securities and Trade Fee on January 26, 2023, Famatown Finance Restricted and entities associated to it reported helpful possession of fifty,426,478 odd shares of Euronav NV, representing 24.99% of its excellent odd shares.
