DHT Receives NYSE Notice of Non-Compliance
January 19 2012 - 5:35PM
Business Wire
DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”)
previously disclosed the following information in a Form 6-K that
was furnished to the Securities and Exchange Commission on December
23, 2011:
On December 20, 2011, DHT received notice from the New York
Stock Exchange (the “NYSE”) that the Company is no longer in
compliance with the NYSE’s continued listing standards because the
average closing price of the Company’s common stock was less than
$1.00 per share over a consecutive 30 trading-day period.
Pursuant to the NYSE’s rules, the Company has a six-month cure
period following receipt of the NYSE notice to bring its share
price and average share price above $1.00. The Company has notified
the NYSE that it intends to cure this non-compliance.
Forward Looking Statements
This press release contains assumptions, expectations,
projections, intentions and beliefs about future events, in
particular regarding daily charter rates, vessel utilization, the
future number of newbuilding deliveries, oil prices and seasonal
fluctuations in vessel supply and demand. When used in this
document, words such as “believe,” “intend,” “anticipate,”
“estimate,” “project,” “forecast,” “plan,” “potential,” “will,”
“may,” “should” and “expect” and similar expressions are intended
to identify forward-looking statements but are not the exclusive
means of identifying such statements. These statements reflect the
Company’s current views with respect to future events and are based
on assumptions and subject to risks and uncertainties. Given these
uncertainties, you should not place undue reliance on these
forward-looking statements. These forward-looking statements
represent the Company’s estimates and assumptions only as of the
date of this press release and are not intended to give any
assurance as to future results. For a detailed discussion of the
risk factors that might cause future results to differ, please
refer to the Company’s Annual Report on Form 20-F, filed with
the Securities and Exchange Commission on March 31,
2011.
The Company undertakes no obligation to publicly update or
revise any forward-looking statements contained in this press
release, whether as a result of new information, future events or
otherwise, except as required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release might not occur, and the Company’s actual
results could differ materially from those anticipated in these
forward-looking statements.
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