DHT Holdings, Inc. announces an adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019
November 30 2017 - 4:13AM
HAMILTON, BERMUDA, November 30, 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 August 31, 2017
to stockholders of record as of the close of business on August 24,
2017 and (ii) cash dividend of $0.02 per share of common stock to
be paid on December 6, 2017 to stockholders of record as of the
close of business on November 28, 2017, the Conversion Price of the
Company's 4.5% Convertible Senior Notes due 2019 (the "Notes") was
adjusted, effective November 27, 2017. The Conversion Price was
adjusted from $6.3942 per share to $6.3282, which represents a
Conversion Rate of approximately 158.0228 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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