DHT Holdings, Inc. announces an adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019
May 19 2017 - 10:03AM
HAMILTON, BERMUDA, May 19, 2017 - DHT Holdings,
Inc. (NYSE:DHT) ("DHT") announced that, in connection with the
previously announced cash dividend of $0.08 per share of common
stock to be paid on May 31, 2017 to stockholders of record as of
the close of business on May 22, 2017, the Conversion Price of the
Company's 4.5% Convertible Senior Notes due 2019 (the "Notes") was
adjusted, effective May 18, 2017. The Conersion Price was adjusted
from $6.5097 per share to $6.3942, which represents a Conversion
Rate of approximately 156.3914 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 operating a fleet
of crude oil tankers in the VLCC and Aframax segments. We operate
through our wholly owned management companies in Oslo, Norway and
Singapore. 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 23, 2017.
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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