What is worse than having a major shareholder who is also your chairman selling $125m-worth of shares in the company?
How about having a major shareholder who is also your chairman selling $125m-worth of shares while you are in the middle of a five-day, four-city non-deal roadshow presentation?
That was the awkward position management of Euronav found themselves in last week, as they were — by several accounts — caught unawares that Peter Livanos would make a further sell-down in the middle of their marketing campaign to institutional investors in the US and Canada.
“They
