DHT Holdings, Inc. announces share buyback

Rhea-AI Summary

DHT Holdings, Inc. has purchased 1,072,344 of its own shares, equivalent to 0.7% of outstanding shares, at an average price of $8.2517 during the second quarter. The shares have been retired upon receipt.

HAMILTON, BERMUDA, July 5, 2023 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced that the Company during the second quarter has purchased 1,072,344 of its own shares — equivalent to 0.7% of its outstanding shares — in the period from June 20, 2023 to June 29, 2023, at an average price of $8.2517. 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, Norway, and Singapore. 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.

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 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 SEC on March 23, 2023. 

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

 

 

FAQ

What is the company name mentioned in the press release?

The company mentioned in the press release is DHT Holdings, Inc.

How many shares did DHT Holdings, Inc. purchase?

DHT Holdings, Inc. purchased 1,072,344 of its own shares.

What percentage of outstanding shares does the purchase represent?

The purchase represents 0.7% of DHT Holdings, Inc.'s outstanding shares.

What was the average price of the shares purchased?

The average price of the shares purchased was $8.2517.

What happened to the purchased shares?

The purchased shares have been retired upon receipt.