DHT Holdings, Inc. to raise $227,250,000 in offering of common stock
January 31 2014 - 8:56AM
DHT Holdings, Inc. (NYSE:DHT) ("DHT") announced today that it has
entered into definitive agreements with investors to purchase an
aggregate of 30,300,000 shares of its common stock at a price of
$7.50 per share in a registered direct offering. Net proceeds to
DHT are expected to be approximately $217.0 million after the
payment of placement agent fees. DHT intends to use the net
proceeds to fund the expansion of its fleet, its pending vessel
acquisitions and shipbuilding contracts and for other general
corporate purposes. The offering is expected to close on or
about February 5, 2014, subject to customary closing conditions.
DHT's common shares trade on the New York Stock Exchange under
the symbol "DHT".
RS Platou Markets, Inc. and DNB Markets, Inc. are acting as
joint lead managers and placement agents, and RS Platou Markets AS
is acting as placement agent.
This offering is being made only by means of a prospectus
supplement and accompanying base prospectus. A prospectus
supplement related to the offering will be filed with the U.S.
Securities and Exchange Commission (the "SEC") and will be
available on the SEC's website located at www.sec.gov. When
available, copies of the prospectus supplement and the accompanying
prospectus relating to this offering may be obtained from RS Platou
Markets, Inc., 410 Park Avenue, 7th Floor, Suite 710, New York, NY
10022, Attention: Raquel Lucas, telephone
+1 212 317 7080, toll free 855 864 2265 (or by
e-mail at officeny@platou.com) and DNB Markets, Inc., 200 Park
Avenue, 31st Floor, New York, NY 10166, telephone: +1 212 551
9800.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities, in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A
PROSPECTUS) WITH THE SEC FOR THE REGISTERED DIRECT OFFERING TO
WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU
SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND OTHER
DOCUMENTS THE ISSUER HAS FILED WITH THE SEC FOR MORE COMPLETE
INFORMATION ABOUT THE ISSUER AND THE REGISTERED DIRECT OFFERING.
YOU MAY OBTAIN THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON
THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, THE ISSUER OR
ANY PLACEMENT AGENT FOR THE REGISTERED DIRECT OFFERING WILL ARRANGE
TO SEND YOU THE PROSPECTUS AND THE PROSPECTUS SUPPLEMENT IF YOU
REQUEST THEM FROM RS PLATOU MARKETS, INC. BY CALLING +1 212 317
7080, TOLL FREE AT 855 864 2265 OR EMAIL TO OFFICENY@PLATOU.COM, OR
DNB MARKETS, INC. 200 PARK AVENUE, 31ST FLOOR, NEW YORK, NY 10166,
TELEPHONE: +1 212 551 9800.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades
internationally and consists of crude oil tankers in the VLCC,
Aframax and Suezmax segments. We operate out of Oslo, Norway,
through our wholly owned management company. You shall recognize us
by our business approach with an experienced organization with
focus on first rate operations and customer service, quality ships
built at quality shipyards, prudent capital structure with robust
cash break even levels to accommodate staying power through the
business cycles, a combination of market exposure and fixed income
contracts for our fleet and a clean corporate structure maintaining
a high level of integrity and good governance. For further
information: www.dhtankers.com.
Forward Looking Statements
This press release may contain assumptions, expectations,
projections, intentions and beliefs about future events. 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 DHT'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 DHT'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.
Investing in DHT's securities involves risk, and investors
should be able to bear the loss of their investment. For a
detailed discussion of the risk factors that might cause future
results to differ, please refer to DHT's Annual Report on Form
20-F, filed with the SEC on April 29, 2013.
DHT 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 DHT's actual results could differ
materially from those anticipated in these forward-looking
statements.
CONTACT: Eirik Ubøe, CFO Phone: +1 441 299 4912 and +47 412
92 712 E-mail: eu@dhtankers.com
HUG#1758338
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