BW Group updates DHT Holdings ownership to 17.0M shares in 13D/A

Rhea-AI Filing Summary

BW Group Limited filed Amendment No. 9 to its Schedule 13D on DHT Holdings, Inc. (DHT), updating its ownership and recent trading activity in the company’s common stock. As of November 17, 2025, BW Group reports beneficial ownership of 17,002,356 DHT common shares, representing about 10.57% of the outstanding stock, based on 160,799,407 shares outstanding as of September 30, 2025. BW Group has sole voting and sole dispositive power over all of these shares. The amendment also discloses that BW Group has recently sold multiple blocks of DHT shares in open market transactions through a broker, with trade dates from September 16, 2025 through November 13, 2025 at weighted average prices generally between about $12.63 and $13.71 per share. The filing reconfirms that the information is true, complete, and correct to the best of the signatory’s knowledge.

Insights

Equity ownership & governance analyst

BW Group updates its DHT stake to 10.57% after recent share sales.

BW Group Limited now reports beneficial ownership of 17,002,356 DHT common shares, representing approximately 10.57% of the company’s outstanding stock. This is based on 160,799,407 shares outstanding as of September 30, 2025, as disclosed in DHT’s Form 6-K. BW Group retains sole voting and dispositive power over all of these shares, indicating a single, concentrated holder rather than a broader group.

The amendment details a series of open-market sales executed through a broker between September 16, 2025 and November 13, 2025. Individual trades include, for example, 250,000 shares sold on September 16, 2025 at a weighted average price of $12.6315 and 68,221 shares sold on November 13, 2025 at a weighted average price of $13.7148. Prices across these transactions ranged from about $12.60 to $13.84.

From a governance and ownership-structure perspective, the filing primarily provides transparency into BW Group’s current holding level and recent liquidity events. Actual implications for DHT depend on future ownership changes or strategic actions, which are not described in this excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)

DHT Holdings

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

Y2065G121

(CUSIP Number)

Nicholas Fell, BW Maritime Pte
Mapletree Business City, #18-01, 10 Pasir Panjang Road
Singapore, U0, 117438
65 (0) 6434 5818

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/13/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. Y2065G121

1

Name of reporting person

BW Group Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 17,002,356.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 17,002,356.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

17,002,356.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.57 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

This percentage is based on a total of 160,799,407 shares of Common Stock outstanding as of September 30, 2025, as reported in the Report of Foreign Issuer on Form 6-K filed by the Issuer on October 29, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: DHT Holdings
(c)	Address of Issuer's Principal Executive Offices: Clarendon House, 2 Church Street, Hamilton, BERMUDA , HM 11.
Item 1 Comment: This Amendment No. 9 to Schedule 13D ("Amendment No. 9") is being filed by BW Group Limited ("BWG"), pursuant to 240.13d-2(a) under the Act, with respect to the Common Stock, par value $0.01 per share ("Common Stock"), of DHT Holdings, Inc., a company incorporated in the Republic of the Marshall Islands (the "Issuer"), whose principal executive offices are located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. This Amendment No. 9 amends and supplements the statement on the Schedule 13D originally filed by BWG with the Securities and Exchange Commission (the "SEC") on April 3, 2017, and amended by Amendment No. 1, filed with the SEC on May 14, 2018, Amendment No. 2, filed with the SEC on February 26, 2019, Amendment No. 3, filed with the SEC on May 21, 2019, Amendment No. 4, filed with the SEC on November 22, 2019, Amendment No. 5, filed with the SEC on March 31, 2020, Amendment No. 6, Amendment No. 7, filed with the SEC on May 7, 2024 and Amendment No. 8, filed with the SEC on September 10, 2025 (collectively with this Amendment No. 9, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 9 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used herein and not otherwise defined in this Amendment No. 9 have the meanings set forth in the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	As of November 17, 2025, BWG may be deemed to beneficially own 17,002,356 shares of Common Stock, representing approximately 10.57% of the outstanding shares of Common Stock. The foregoing beneficial ownership percentage is based on a total of 160,799,407 shares of Common Stock outstanding as of September 30, 2025, as reported in the Report of Foreign Issuer on Form 6-K filed by the Issuer on October 29, 2025.
(b)	BWG has sole voting power and sole dispositive power over 17,002,356 shares of Common Stock.
(c)	The below chart reflects the transactions in Common Stock effected by BWG during the past 60 days. All of the shares of Common Stock were sold in open market transactions through a broker. Trade date No. of Shares Sold Average Price(1) Transaction Price Range 16-Sept-25 (250,000) $ 12.6315 $12.60 to $12.74 17-Sept-25 (250,000) $ 12.9398 $12.88 to $13.02 18-Sept-25 (250,000) $ 12.7957 $12.75 to $12.87 23-Oct-25 (31,386) $ 12.7691 $12.75 to $12.79 28-Oct-25 (253,000) $ 12.8719 $12.80 to $12.95 29-Oct-25 (200,000) $ 13.0423 $13.00 to $13.16 30-Oct-25 (34,963) $ 13.2745 $13.25 to $13.33 06-Nov-25 (155,854) $ 13.2670 $13.25 to $13.31 10-Nov-25 (109,183) $ 13.3834 $13.35 to $13.50 11-Nov-25 (31,779) $ 13.4066 $13.40 to $13.44 13-Nov-25 (68,221) $ 13.7148 $13.60 to $13.84 (1) Reflects the weighted average sale price per share of Common Stock sold in multiple transactions. BWG undertakes to provide the SEC staff, upon request, all information regarding the number of shares sold at each separate price within the ranges set forth above.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BW Group Limited

Signature:	/s/ Nicholas John Oxleigh Fell
Name/Title:	Nicholas John Oxleigh Fell/Authorized Signatory
Date:	11/17/2025

FAQ

What percentage of DHT (DHT) shares does BW Group Limited currently own?

As of November 17, 2025, BW Group Limited reports beneficial ownership of 17,002,356 DHT common shares, representing approximately 10.57% of DHT’s outstanding common stock, based on 160,799,407 shares outstanding as of September 30, 2025.

How many DHT (DHT) shares does BW Group Limited control and what kind of control is it?

BW Group Limited reports beneficial ownership of 17,002,356 DHT common shares and has sole voting power and sole dispositive power over all of these shares, with no shared voting or dispositive power disclosed.

What recent DHT (DHT) share transactions did BW Group Limited report?

BW Group disclosed multiple open-market sales of DHT common stock through a broker between September 16, 2025 and November 13, 2025. Examples include 250,000 shares sold on September 16, 2025 at a weighted average price of $12.6315, and 68,221 shares sold on November 13, 2025 at a weighted average price of $13.7148, within daily price ranges noted in the filing.

What filing did BW Group Limited submit regarding its stake in DHT (DHT)?

BW Group Limited submitted Amendment No. 9 to Schedule 13D relating to DHT Holdings, Inc. common stock. This amendment updates prior 13D amendments by restating BW Group’s current beneficial ownership and recent transactions in DHT shares.

On what share count is BW Group’s 10.57% DHT (DHT) ownership based?

The reported 10.57% ownership is calculated using a total of 160,799,407 DHT common shares outstanding as of September 30, 2025, as reported by DHT in a Form 6-K filed on October 29, 2025.

Where were DHT (DHT) shares sold by BW Group Limited and how were prices reported?

All reported DHT share sales by BW Group were open market transactions through a broker. For each trade date, BW Group reported a weighted average sale price per share and a transaction price range, and undertook to provide detailed per-trade prices to SEC staff upon request.