DHT Adjusts Senior Notes Conversion Price

DHT Holdings, Inc. announced that, in connection with the cumulative effect of the previously announced (i) cash dividend of $0.02 per share of common stock paid on November 26, 2014 to stockholders of record as of the close of business on November 20, 2014, (ii) cash dividend of $0.05 per share of common stock paid on February 19, 2015 to stockholders of record as of the close of business on February 10, 2015 and (iii) cash dividend of $0.15 per share of common stock to be paid on May 22, 2015 to stockholders of record as of the close of business on May 13, 2015, the Conversion Price of the Company's 4.5% Convertible Senior Notes due 2019 (the "Notes") was adjusted, effective May 11, 2015.

 

The Conversion Price was adjusted from $8.1250 per share to $7.8925, which represents a Conversion Rate of approximately 126.7026 shares of common stock per $1,000 principal amount of Notes.