DHT Holdings, Inc. announces share repurchases
DHT Holdings (NYSE:DHT) has announced the completion of a share repurchase program during December 2024. The company bought back 1,481,383 shares, representing 0.9% of its outstanding shares, at an average price of $8.8899 per share. The repurchased shares have been retired upon receipt.
DHT Holdings (NYSE:DHT) ha annunciato il completamento di un programma di riacquisto azioni durante dicembre 2024. L'azienda ha riacquistato 1.481.383 azioni, che rappresentano 0,9% delle sue azioni in circolazione, a un prezzo medio di $8,8899 per azione. Le azioni riacquistate sono state annullate al momento della ricezione.
DHT Holdings (NYSE:DHT) ha anunciado la finalizaci贸n de un programa de recompra de acciones durante diciembre de 2024. La compa帽铆a compr贸 de vuelta 1,481,383 acciones, que representan 0.9% de sus acciones en circulaci贸n, a un precio promedio de $8.8899 por acci贸n. Las acciones recompradas se han cancelado al momento de su recepci贸n.
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DHT Holdings (NYSE:DHT) a annonc茅 l'ach猫vement d'un programme de rachat d'actions au cours de d茅cembre 2024. L'entreprise a rachet茅 1.481.383 actions, repr茅sentant 0,9% de ses actions en circulation, 脿 un prix moyen de $8,8899 par action. Les actions rachet茅es ont 茅t茅 annul茅es 脿 la r茅ception.
DHT Holdings (NYSE:DHT) hat den Abschluss eines Aktienr眉ckkaufprogramms im Dezember 2024 bekannt gegeben. Das Unternehmen hat 1.481.383 Aktien zur眉ckgekauft, was 0,9% seiner ausstehenden Aktien entspricht, zu einem durchschnittlichen Preis von $8,8899 pro Aktie. Die zur眉ckgekauften Aktien wurden bei Erhalt annulliert.
- Share buyback reduces outstanding shares by 0.9%, potentially increasing value for remaining shareholders
- Retirement of shares demonstrates commitment to shareholder value enhancement
- Company shows financial strength to execute share repurchases
- Cash outflow of approximately $13.17 million for share repurchases reduces company's cash position
Insights
HAMILTON, BERMUDA, January 6, 2025 鈥� DHT Holdings, Inc. (NYSE:DHT) (鈥淒HT鈥� or the 鈥淐ompany鈥�) today听announced that the Company has purchased 1,481,383 of its own shares in the open market, equivalent to
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital allocation; and our transparent corporate structure maintaining a high level of integrity and good governance. For further information please visit .
Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company鈥檚 management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as 鈥渂elieve,鈥� 鈥渋ntend,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥減roject,鈥� 鈥渇orecast,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥渨ill,鈥� 鈥渕ay,鈥� 鈥渟hould鈥� and 鈥渆xpect鈥� and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company鈥檚 current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company鈥檚 estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company鈥檚 Annual Report on Form 20-F, filed with the SEC on March 20, 2024.
The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company鈥檚 actual results could differ materially from those anticipated in these forward-looking statements.
Contact:
Laila C. Halvorsen, CFO
Phone: +1 441听295 1422 and +47 984 39 935
E-mail: lch@dhtankers.com
听
FAQ
How many shares did DHT Holdings repurchase in December 2024?
What was the average price per share in DHT's December 2024 buyback?
What happened to the shares DHT repurchased in December 2024?
What percentage of DHT's outstanding shares were repurchased in December 2024?
What is the total value of DHT's December 2024 share repurchase program?
