DHT HOLDINGS, INC. ANNOUNCES THE MANDATORY EXCHANGE OF ITS SERIES B PARTICIPATING PREFERRED STOCK INTO SHARES OF ITS COMMON S...
February 04 2014 - 4:43PM
DHT Holdings, Inc. (NYSE:DHT) ("DHT") announced that, pursuant to
the Certificate of Designation of the Series B Participating
Preferred Stock of DHT dated November 27, 2013, each share of
Series B Participating Preferred Stock of DHT, par value $0.01 per
share, automatically and without any action on the part of the
respective holders thereof, was exchanged (the "Mandatory
Exchange") for one hundred (100) shares of DHT's common stock, par
value $0.01 per share ("Common Stock"), on February 4, 2014.
As a result of the Mandatory Exchange, the number of shares
of Common Stock outstanding is 38,798,874, all of which are trading
on the New York Stock Exchange under the symbol "DHT".
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 Securities and Exchange Commission 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: +44 1534 639 759 and +47 412 92
712 E-mail: eu@dhtankers.com
HUG#1759050
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