DHT Holdings, Inc. announces share buyback
DHT Holdings, Inc. (NYSE:DHT) has repurchased 3,721,841 shares, representing 2.2% of its outstanding shares, at an average price of $6.025. The buyback occurred between May 17, 2021, and June 7, 2021, and the shares have been retired post-purchase. This move reflects DHT's commitment to enhancing shareholder value through proactive capital management.
- Share repurchase of 3,721,841 shares indicates strong confidence in stock value.
- Retiring shares may enhance earnings per share (EPS) moving forward.
- None.
HAMILTON, BERMUDA, July 1, 2021 – DHT Holdings, Inc. (NYSE:DHT) (“DHT”) announces that the Company has purchased 3,721,841 of its own shares — equivalent to
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 Norway. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships, 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.
CONTACT:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: lch@dhtankers.com
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