DHT Holdings, Inc. Announces Update to Capital Structure
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 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.
Svein Moxnes Harfjeld, Co-CEO: +47 23115080
Trygve P. Munthe, Co-CEO: +47 23115080