DHT Holdings, Inc. announces share buyback

Rhea-AI Summary

DHT Holdings, Inc. (NYSE:DHT) announced the purchase of 1,230,302 shares, representing 0.7% of its outstanding shares, at an average price of $5.466 between August 12 and August 23, 2021. These shares have been retired upon receipt, enhancing shareholder value by reducing the total shares outstanding. This buyback reflects the company’s commitment to return capital to shareholders and signals confidence in its financial health and future prospects.

Positive

• Share buyback of 1,230,302 shares enhances shareholder value.
• Reduction in total shares outstanding may positively impact EPS.

Negative

• None.

HAMILTON, BERMUDA, October 1, 2021 – DHT Holdings, Inc. (NYSE:DHT) (“DHT”) announces that the Company has purchased 1,230,302 of its own shares — equivalent to 0.7% of its outstanding shares — at an average price of $5.466 in the period from August 12, 2021 to August 23, 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 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

 

 

FAQ

What was the purpose of DHT's recent share buyback?

DHT's share buyback aimed to enhance shareholder value by reducing the number of outstanding shares.

How many shares did DHT Holdings buy back?

DHT Holdings bought back 1,230,302 shares.

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

The average purchase price for the buyback was $5.466 per share.

What percentage of outstanding shares did the buyback represent?

The buyback represented approximately 0.7% of DHT's outstanding shares.

When did DHT conduct the share buyback?

The share buyback took place from August 12, 2021, to August 23, 2021.