DHT Holdings, Inc. announces share buyback

Rhea-AI Summary

DHT Holdings, Inc. has announced the repurchase of 561,111 shares, representing 0.3% of its outstanding shares, at an average price of $5.2848 between December 2 and December 3, 2021. The retired shares enhance shareholder value by reducing share supply and potentially boosting earnings per share (EPS). This buyback reflects the company's commitment to maintaining a strong capital structure while optimizing shareholder returns.

Positive

• Share buyback of 561,111 shares enhances shareholder value.
• Average buyback price of $5.2848 may indicate the company believes in its stock’s valuation.
• Reduction of outstanding shares could positively impact EPS.

Negative

• None.

HAMILTON, BERMUDA, January 3, 2022 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) announces that the Company has purchased 561,111 of its own shares — equivalent to 0.3% of its outstanding shares — at an average price of $5.2848 in the period from December 2, 2021 to December 3, 2021. The shares have been retired upon receipt.


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 may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet and capital allocation; and our transparent corporate structure maintaining a high level of integrity and good governance. For further information please visit www.dhtankers.com.


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
Email: wf@dhtankers.com

FAQ

What is the recent share buyback amount for DHT?

DHT Holdings repurchased 561,111 shares.

What was the average price for DHT's share buyback?

The average price paid was $5.2848 per share.

How much of DHT's outstanding shares did the buyback represent?

The buyback represented 0.3% of DHT's outstanding shares.

When did DHT conduct its share buyback?

The share buyback occurred from December 2 to December 3, 2021.

What can be the potential impact of DHT's share buyback on stock price?

The buyback can reduce share supply, potentially increasing stock price and EPS.