DHT Holdings, Inc. Announces Update to Capital Structure
July 06 2017 - 4:31PM
HAMILTON, BERMUDA, July 6, 2017 - DHT Holdings, Inc. (NYSE:DHT)
("DHT") today announced that it has 142,347,298 common shares
issued and outstanding subsequent to the issuance of common shares
upon the conversion of the Series D Junior Participating Preferred
Stock issued to BW Group Limited ("BW") pursuant to the previously
announced Vessel Acquisition Agreement between DHT and BW.
Additionally, DHT has reduced the outstanding aggregate
principal amount of its 4.5% convertible senior notes due 2019 to
$105.8 million after repurchasing $12.2 million during the second
quarter of 2017 at an average price of 98.4%. DHT has
repurchased a total of $44.2 million at an average price of
94.5%.
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 StatementsThis 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.
Media ContactsSvein Moxnes Harfjeld, Co-CEO: +47
23115080Trygve P. Munthe, Co-CEO: +47 23115080
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