Deal sells 97,579 preferreds at $475.00, 13.4 million shares at $4.75
By Devika Patel
Knoxville, Tenn., Nov. 25 - DHT Holdings, Inc. said on Nov. 24 that it plans a $110 million offering of preferred stock and common stock.
The company will sell 97,579 preferreds at $475.00 apiece and 13.4 million common shares at $4.75 per share.
The price per common share is a 7.41% discount to the Nov. 22 closing share price of $5.13.
Settlement is expected Nov. 29.
Proceeds will be used for general corporate purposes, including vessel acquisitions.
Based in Hamilton, Bermuda, DHT operates a fleet of double-hull tankers.
| Issuer: | DHT Holdings, Inc.
|
| Issue: | Common stock, preferred stock
|
| Amount: | $110,000,025
|
| Warrants: | No
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 29
|
| Stock symbol: | NYSE: DHT
|
| Stock price: | $5.13 at close Nov. 22
|
| Market capitalization: | $83.21 million
|
|
|
| Preferreds
|
| Amount: | $46,350,025
|
| Preferreds: | 97,579
|
| Price: | $475.00
|
|
|
| Common stock
|
| Amount: | $63.65 million
|
| Shares: | 13.4 million
|
| Price: | $4.75
|
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