Euronav NV | CIK:0001604481 | 3

  • Filed: 4/17/2018
  • Entity registrant name: Euronav NV (CIK: 0001604481)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/0001604481-18-000007-index.htm
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    • ifrs-full:DisclosureOfEarningsPerShareExplanatory

    Earnings per share
    Basic earnings per share
    The calculation of basic earnings per share at December 31, 2017 was based on a result attributable to ordinary shares of USD 1,382,530 (December 31, 2016: USD 204,049,212 and December 31, 2015: USD 350,300,535) and a weighted average number of ordinary shares outstanding during the period ended December 31, 2017 of 158,166,534 (December 31, 2016: 158,262,268 and December 31, 2015:155,872,171), calculated as follows:
    Result attributable to ordinary shares
    (in thousands of USD except share and per share information)
     
    2017
     
    2016
     
    2015
    Result for the period
     
    1,383

     
    204,049

     
    350,301

    Weighted average number of ordinary shares
     
    158,166,534

     
    158,262,268

     
    155,872,171

    Basic earnings per share (in USD)
     
    0.01

     
    1.29

     
    2.25


    Weighted average number of ordinary shares
    (in shares)
     
    Shares issued
     
    Treasury shares
     
    Shares outstanding
     
    Weighted number of shares
    On issue at January 1, 2015
     
    131,050,666

     
    1,750,000

     
    129,300,666

     
    129,300,666

    Issuance of shares
     
    28,158,283

     
    —

     
    28,158,283

     
    25,842,099

    Purchases of treasury shares
     
    —

     
    —

     
    —

     
    —

    Withdrawal of treasury shares
     
    —

     
    —

     
    —

     
    —

    Sales of treasury shares
     
    —

     
    (1,283,333
    )
     
    1,283,333

     
    729,406

    On issue at December 31, 2015
     
    159,208,949

     
    466,667

     
    158,742,282

     
    155,872,171

     
     
     
     
     
     
     
     
     
    On issue at January 1, 2016
     
    159,208,949

     
    466,667

     
    158,742,282

     
    158,742,282

    Issuance of shares
     
    —

     
    —

     
    —

     
    —

    Purchases of treasury shares
     
    —

     
    692,415

     
    (692,415
    )
     
    (575,005
    )
    Withdrawal of treasury shares
     
    —

     
    —

     
    —

     
    —

    Sales of treasury shares
     
    —

     
    (116,667
    )
     
    116,667

     
    94,991

    On issue at December 31, 2016
     
    159,208,949

     
    1,042,415

     
    158,166,534

     
    158,262,268

     
     
     
     
     
     
     
     
     
    On issue at January 1, 2017
     
    159,208,949

     
    1,042,415

     
    158,166,534

     
    158,166,534

    Issuance of shares
     
    —

     
    —

     
    —

     
    —

    Purchases of treasury shares
     
    —

     
    —

     
    —

     
    —

    Withdrawal of treasury shares
     
    —

     
    —

     
    —

     
    —

    Sales of treasury shares
     
    —

     
    —

     
    —

     
    —

    On issue at December 31, 2017
     
    159,208,949

     
    1,042,415

     
    158,166,534

     
    158,166,534


    Diluted earnings per share
    For the twelve months ended December 31, 2017, the diluted earnings per share (in USD) amount to 0.01 (2016: 1.29 and 2015: 2.22). At December 31, 2017 and December 31, 2016, 236,590 options issued under the LTIP 2015 were excluded from the calculation of the diluted weighted average number of shares because their effect would have been anti-dilutive.


    Weighted average number of ordinary shares (diluted)
    The table below shows the potential weighted number of shares that could be created if all stock options, restricted stock units, convertible notes and PCPs were to be converted into ordinary shares.
    (in shares)
     
    2017
     
    2016
     
    2015
    Weighted average of ordinary shares outstanding (basic)
     
    158,166,534

     
    158,262,268

     
    155,872,171

     
     
     
     
     
     
     
    Effect of potential conversion of convertible Notes
     
    —

     
    —

     
    88,689

    Effect of potential conversion of PCPs
     
    —

     
    —

     
    932,971

    Effect of Share-based Payment arrangements
     
    130,523

     
    166,789

     
    635,731

     
     
     
     
     
     
     
    Weighted average number of ordinary shares (diluted)
     
    158,297,057

     
    158,429,057

     
    157,529,562


    After the conversions of the convertible Notes and the PCPs in the course of 2015, there are no more remaining outstanding instruments at December 31, 2017 and December 31, 2016 which can give rise to dilution, except for the share-based payment arrangements.