DHT Closes Common Stock for Samco Acquisition

Posted by Michelle Howard
Tuesday, September 16, 2014

DHT Holdings, Inc. announced  the closing of its registered direct offering of 23,076,924 shares of its common stock at a price of $6.50 per share. DHT received net proceeds of 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 other 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, 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.

DHT's common shares trade on the New York Stock Exchange under the symbol DH".

RS Platou Markets, Inc. acted as lead manager and bookrunner, and RS Platou Markets AS and Fearnley Securities AS acted as placement agents.

This offering was made only by means of a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering was filed with the U.S. Securities and Exchange Commission (the "SEC") and is  available on the SEC's website located at www.sec.gov.

 

Categories: Finance People & Company News Shipbuilding Tankers Mergers & Acquisitions

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