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DHT Holdings lowers conversion price for 4.5% convertibles due 2019
New York, May 19 – DHT Holdings, Inc. said it has reduced the conversion price for its 4.5% convertible senior notes due 2019 to $7.8925 from $8.1250.
The change is effective May 11, according to a news release.
Following the reduction, the conversion ratio is 126.7026.
DHT was required to make the change because of the cumulative effect of the cash dividend of $0.02 per share of common stock paid on Nov. 26, 2014, the cash dividend of $0.05 per share of common stock paid on Feb. 19 and the cash dividend of $0.15 per share of common stock to be paid on May 22.
DHT is a Hamilton, Bermuda operator of crude oil tankers.
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