The Saverys family’s slate of insurgent directors was rejected by Euronav shareholders by about a 2-to-1 margin, a ratio that could become meaningful as the tanker owner’s proposed merger with John Fredriksen’s Frontline moves toward an eventual vote.
At the top end, a motion to elect Ludovic Saverys as a director was voted down 74.3m to 41.2m. That means the brother of Compagnie Maritime Belge (CMB) chief executive Alexander Savery scored about 35% of the 117.7m
