DHT Holdings, Inc. announces public secondary offering of DHT common stock by BW Group Limited
DHT Holdings, Inc. (DHT) (“DHT”) announced that BW Group Limited (“BW Group”) has commenced a registered underwritten public offering of up to 14,680,880 shares of DHT common stock (“shares”). DHT will not offer any shares in or receive any proceeds from the offering. The total number of shares outstanding will not change as a result of this offering.
The offering represents up to 10% of the outstanding shares of DHT and, assuming all shares offered are sold, BW Group will hold 34,159,674 shares of DHT, or approximately 23.3% of the outstanding shares of DHT, following the transaction.
Pareto Securities AS (the “Manager”) is acting as the underwriter for the offering. The bookbuilding will commence today, Monday 18 November 2019, at 16:00 EST, and will close no later than Tuesday 19 November 2019, at 08:00 EST. The bookbuilding may also close earlier upon no or limited notice at the full discretion of the Manager and BW Group. The transaction is expected to be priced and allocated before the opening of the New York Stock Exchange on 19 November 2019.
BW Group and the Company have each undertaken, subject to certain exceptions, not to sell any additional DHT shares for a period of 90 days following the date of pricing of the offering. BW Group reserves the right, at its own discretion, to reduce the number of offered shares or to sell no shares at all.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. A registration statement relating to the securities described herein has been filed with the Securities and Exchange Commission (“SEC”) and is effective. The offering may be made only by means of a prospectus supplement and accompanying base prospectus. Before you invest, you should read the prospectus supplement relating to the offering in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the website of the SEC, www.sec.gov, or from Pareto Securities Inc., 150 East 52nd Street, 29th Floor, New York, NY 10022, USA, or by telephone at +47 22 87 87 50.
Source: DHT Holdings