(openPR) - During its meeting of 28 August 2008, Euronav’s board of directors approved the final
consolidated financial statements for the period ended 30 June 2008. This press release refers
also to the one distributed on 22 July 2008.
The half year report including, a full version of the condensed consolidated interim financial statements for the sixth months ended 30 June 2008, prepared in accordance with IAS 34 and including the joint statutory auditor’s review report as well as the statement on the true and fair view of the condensed consolidated interim financial statements and the fair overview of the interim management report, can be downloaded from www.euronav.com.
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On 28 August 2008, the board of directors approved the distribution of a gross interim dividend of EUR 1.00 (net EUR 0.75) per share. The interim dividend will be payable to holders of registered or dematerialized shares on 5 September 2008. It will also be payable to the holders of bearer shares from the aforementioned date onwards against delivery of coupon n°6 at the counters of the offices and branches of Fortis Bank, Dexia Bank, KBC Bank and Petercam.
FOR FULL PRESS RELEASE PLEASE GO TO EURONAV CORPORATE WEBSITE: www.euronav.com
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Euronav is an integrated owner, operator and manager able to provide complete shipping services in addition to the carriage of crude oil on its fleet of modern large tankers. The crude oil sea-borne transportation market is cyclical and highly volatile requiring flexible and proactive management of assets in terms of fleet composition and employment. Euronav operates its fleet on both the spot and the period market. Most of Euronav VLCCs as well as all VPLUS are operated in the Tankers International pool. Euronav operates at the moment all of its Suezmaxes and Aframaxes under period charter contracts with oil majors, leading refiners and oil traders such as BP, Glencore, Petrobras, Sun Oil, Total Valero and Vitol. Fleet management is conducted by three wholly owned subsidiaries: Euronav Ship Management SAS and Euronav SAS, both French companies with headquarters in Nantes (France) and with a major branch office in Antwerp and Euronav Ship Management (Hellas) Ltd with its head office in Piraeus, Greece. The skills of its directly employed seagoing officers, shore-based Captains and Engineers give Euronav a competitive edge in high quality design, maintenance and operation. Euronav vessels fly Belgian, Greek and French flag. The use of national flag together with operational and maintenance standards in terms of age, appearance and performance which are higher than industry norms enables Euronav to employ part of its fleet on long-term charter with fixed earnings to secure financial visibility.
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