DHT Holdings, Inc.: Announces conversion of all of its outstanding 4.5% Convertible Senior Notes due 2021
August 21 2020 - 4:15PM
HAMILTON, BERMUDA, August
21, 2020 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”)
announces that, since the date of the previously announced delivery
of the notice of redemption, holders of $124,999,000 aggregate
principal amount of the Company’s outstanding 4.5% Convertible
Senior Notes due 2021 (CUSIP No. 23335SAD8) (the “Securities”),
representing all of the outstanding Securities, have exercised
their right to convert their Securities into shares of the
Company’s common stock, par value $0.01 per share (the “Common
Stock”), at a conversion price of $5.3470 per share (representing a
conversion rate of approximately 187.0208 shares of Common Stock
per $1,000 principal amount of Securities), as a result of which
the Company is issuing 23,377,397 shares of Common Stock,
increasing the aggregate shares of Common Stock issued and
outstanding from 147,420,931 to 170,798,328.
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 Monaco, 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 to accommodate staying power through the business
cycles, a combination of market exposure and fixed income contracts
for our fleet, a counter cyclical philosophy with respect to
investments, employment of our fleet and capital allocation 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 25, 2020.
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: +1 441 295 1422 and +47
984 39 935 E-mail: lch@dhtankers.com
Wilhelm Flinder, Manager – Investor Relations & Business
Analysis Phone: +1 441 295 1422 and +47 936 11 350 E-mail:
wf@dhtankers.com
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