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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Sep. 22, 4:11 AM

Slide #23. DHT Holdings, Inc. Secondary Offering

Company: DHT Holdings, Inc. (NYSE:DHT)
Date announced: 9/9/2014
Shares Offered: 23,076,924
Date of Pricing: 9/10/2014
Price Per Share: $6.50
Closed Date: 9/16/2014
Secondary Offering Details: DHT Holdings, Inc. (NYSE:DHT) ("DHT") announced today that it is planning an offering of shares of its common stock in a registered direct offering, subject to market and other conditions. DHT intends to use the net proceeds from the proposed offering, together with the net proceeds of certain other financing, to fund its acquisition of Samco Shipholding Ptc. Ltd., a private company limited by shares incorporated under the laws of the Republic of Singapore ("Samco"), pursuant to a share purchase agreement with the shareholders of Samco, the expansion of its fleet, its pending vessel acquisitions and shipbuilding contracts and for other general corporate purposes. - updated 9/10 - DHT Holdings, Inc. (NYSE:DHT) ("DHT") announced today that it has entered into definitive agreements with investors to purchase an aggregate of 23,076,924 shares of its common stock at a price of $6.50 per share in a registered direct offering. Net proceeds to DHT are expected to be approximately $145,500,000 after the payment of placement agent fees. DHT intends to use the net proceeds, together with the net proceeds of certain private convertible debt financing, to fund its acquisition of Samco Shipholding Pte. Ltd., a private company limited by shares incorporated under the laws of the Republic of Singapore ("Samco"), pursuant to a share purchase agreement with the shareholders of Samco, the expansion of its fleet, its pending vessel acquisitions and shipbuilding contracts and for other general corporate purposes. The offering is expected to close on or about September 15, 2014, subject to customary closing conditions.

DHT Maritime operates a fleet of crude oil tankers. As of Dec. 31, 2013, Co.'s fleet consisted of eight double-hull crude oil tankers which includes four very large crude carriers, which are tankers ranging in size from 307,151 to 309,327 deadweight tons, two Suezmax tankers, which are tankers ranging in size from 152,923 to 164,626 dwt and two Aframax tankers, which are tankers with the size of 115,000 dwt. Co.'s fleet principally operates on international routes and had a combined carrying capacity of 1,782,376 dwt.
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Company Name:  DHT Holdings, Inc.
Website:  www.dhtankers.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding DHT:  15
Total Market Value Held by ETFs:  $12.15M
Total Market Capitalization:  $199.00M
% of Market Cap. Held by ETFs:  6.11%
 

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September 22, 2014    4:11 AM Eastern
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Strong Buy (4.00 out of 4)
86th percentile
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