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Published on 9/10/2014 in the Prospect News PIPE Daily.

DHT sets terms of $150 million registered direct offering of stock

23 million shares sold at $6.50 per share through RS Platou, Fearnley

By Devika Patel

Knoxville, Tenn., Sept. 10 – DHT Holdings, Inc. said it has arranged a $150 million registered direct offering of stock.

The company will sell 23,076,924 common shares. The purchase price, of $6.50 per share, reflects a 1.72% premium to the $6.39 closing share price on Sept. 9.

RS Platou Markets, Inc. is the lead manager and bookrunner, and RS Platou Markets AS and Fearnley Securities AS are the agents.

Proceeds will be used for the company’s planned acquisition of Samco Shipholding Pte. Ltd., fleet expansion, vessel acquisitions, shipbuilding contracts and other general corporate purposes.

Based in Hamilton, Bermuda, DHT operates a fleet of double-hull tankers.

Issuer:DHT Holdings, Inc.
Issue:Common stock
Amount:$150 million
Shares:23,076,924
Price:$6.50
Warrants:No
Bookrunner:RS Platou Markets, Inc.
Agents:RS Platou Markets AS and Fearnley Securities AS
Pricing date:Sept. 10
Settlement date:Sept. 15
Stock symbol:NYSE: DHT
Stock price:$6.39 at close Sept. 9
Market capitalization:$481.17 million

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