DHT Holdings, Inc. announces an adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019
May 16 2016 - 5:09PM
DHT Holdings, Inc. (NYSE:DHT) ("DHT") announced that, in connection
with the effect of the previously announced cash dividend of $0.25
per share of common stock to be paid on May 25, 2016 to
stockholders of record as of the close of business on May 16, 2016,
the Conversion Price of the Company's 4.5% Convertible Senior Notes
due 2019 (the "Notes") was adjusted, effective May 12, 2016. The
Conversion Price was adjusted from $7.2811 per share to $6.9651,
which represents a Conversion Rate of approximately 143.5730 shares
of common stock per $1,000 principal amount of Notes. A detailed
calculation of the adjustment to the Conversion Price can be found
in the "Investor Relations" section of our website
www.dhtankers.com.
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,
Suezmax and Aframax segments. We operate through our integrated
management companies in Oslo, Norway and Singapore. 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 transparent
corporate structure maintaining a high level of integrity and good
governance. For further information: www.dhtankers.com.
Forward Looking Statements
This press release contains certain forward-looking statements
and information relating to the Company that are based on beliefs
of the Company's management as well as assumptions, expectations,
projections, intentions and beliefs about future events, in
particular regarding dividends (including our dividend plans,
timing and the amount and growth of any dividends), 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 21, 2016. 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#2012849
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