DHT Holdings, Inc. announces closing of $227,250,000 offering of common stock
February 05 2014 - 4:10PM
DHT Holdings, Inc. (NYSE:DHT) ("DHT") announced today the closing
of its previously announced registered direct offering of
30,300,000 shares of its common stock at a price of $7.50 per
share. DHT received net proceeds of approximately $217.0 million
after the payment of placement agent fees. DHT intends to use
the net proceeds to fund the expansion of its fleet, its pending
vessel acquisitions and shipbuilding contracts and for other
general corporate purposes.
DHT's common shares trade on the New York Stock
Exchange under the symbol "DHT".
RS Platou Markets, Inc. and DNB Markets, Inc. acted as joint
lead managers and placement agents, and RS Platou Markets AS acted
as placement agent.
This offering was made only by means of a prospectus supplement
and accompanying base prospectus. A prospectus supplement
related to the offering was filed with the U.S. Securities and
Exchange Commission (the "SEC") and is available on the SEC's
website located at www.sec.gov. Copies of the prospectus
supplement and the accompanying prospectus relating to this
offering may be obtained from RS Platou Markets, Inc., 410 Park
Avenue, 7th Floor, Suite 710, New York, NY 10022, Attention: Raquel
Lucas, telephone +1 212 317 7080, toll free
855 864 2265 (or by e-mail at officeny@platou.com) and DNB
Markets, Inc., 200 Park Avenue, 31st Floor, New York, NY 10166,
telephone: +1 212 551 9800.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities, in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
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 SEC 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: +1 (441) 299-4912 E-mail:
eu@dhtankers.com
HUG#1759572
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