DHT Holdings, Inc. announces share buyback
HAMILTON, BERMUDA, January 2, 2019 - DHT Holdings, Inc. (NYSE: DHT) ("DHT" or the "Company") today announces that the Company has purchased 1,228,440 of its own shares in the period from December 14, 2018 to December 27, 2018 for an aggregate consideration of $5,026,394, at an average price of $4.07. The shares will be retired upon receipt.
In March 2018, the Board of Directors approved the repurchase of up to $50 million of DHT securities through open market purchases, negotiated transactions or other means in accordance with applicable securities laws. The repurchase program has been authorized through March 2019 and may be suspended or discontinued at any time.
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 Oslo, Norway and Singapore. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet and a transparent corporate structure maintaining a high level of integrity and good governance. For further information: www.dhtankers.com.
Laila C. Halvorsen, CFO
Phone: +1 441 299 4981 and +47 984 39 935