DHT Holdings, Inc. Announces an Adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019
February 13 2017 - 07:50AM
HAMILTON, BERMUDA, February 13, 2017 - DHT
Holdings, Inc. (NYSE:DHT) ("DHT") announced that, in connection
with the cumulative effect of the previously announced (i) cash
dividend of $0.02 per share of common stock paid on November 23,
2016 to stockholders of record as of the close of business on
November 16, 2016 and (ii) cash dividend of $0.08 per share of
common stock to be paid on February 22, 2017 to stockholders of
record as of the close of business on February 14, 2017, the
Conversion Price of the Company's 4.5% Convertible Senior Notes due
2019 (the "Notes") was adjusted, effective February 10, 2017. The
Conversion Price was adjusted from $6.6570 per share to $6.5097,
which represents a Conversion Rate of approximately 153.6169 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 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 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
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