DHT Holdings, Inc. announces an adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019 and 4.5% Con...
May 21 2019 - 3:53AM
HAMILTON, BERMUDA, May 20, 2019 - DHT
Holdings, Inc. (NYSE:DHT) ("the Company") announced that, in
connection with the previously announced cash dividend of $0.08 per
share of common stock to be paid on May 28, 2019 to stockholders of
record as of the close of business on May 21, 2019, the conversion
price (the "Conversion Price") of the Company's 4.5% Convertible
Senior Notes due 2019 (the "2019 Notes") and the Company's 4.5%
Convertible Senior Notes due 2021 (the "2021 Notes" and together
with the 2019 Notes, the "Notes") was adjusted, effective May 20,
2019. The Conversion Price of the 2019 Notes and the 2021 Notes was
adjusted from $6.1285 per share to $6.0442 per share, which
represents a conversion rate of approximately 165.4484 shares of
common stock per $1,000 principal amount of Notes. A detailed
calculation of the adjustment to the Conversion Price for both the
2019 Notes and the 2021 Notes 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
segment. We operate through our integrated management companies in
Singapore and Oslo, Norway. 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 contains certain forward-looking statements
and information relating to the Company that are based on beliefs
of the Company's management as well as 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 statements reflect the Company'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 the Company'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. For
a detailed discussion of the risk factors that might cause future
results to differ, please refer to the Company's Annual Report on
Form 20-F, filed with the Securities and Exchange Commission on
March 28, 2019.
The Company 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 the Company's
actual results could differ materially from those anticipated in
these forward-looking statements.
CONTACT: Laila C. Halvorsen, CFO Phone: +1 441 299 4981 and +47
984 39 935 E-mail: lch@dhtankers.com
DHT (NYSE:DHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
DHT (NYSE:DHT)
Historical Stock Chart
From Apr 2023 to Apr 2024