DHT to raise $150m to Buy Samco

Tanker owner DHT Holdings has entered into definitive agreements with investors to purchase an aggregate of 23,076,924 shares of its common stock at a price of $6.50 per share in a registered direct offering. Net proceeds to DHT are expected to be approximately $145,500,000 after the payment of placement agent fees. 

DHT intends to use the net proceeds, together with the net proceeds of certain private convertible debt financing, to fund its acquisition of Samco Shipholding, a private company limited by shares incorporated under the laws of the Republic of Singapore, pursuant to a share purchase agreement with the shareholders of Samco, the expansion of its fleet, its pending vessel acquisitions and shipbuilding contracts and for other general corporate purposes. The offering is expected to close on or about September 15, 2014, subject to customary closing conditions.

RS Platou Markets is acting as lead manager and bookrunner, and RS Platou Markets and Fearnley Securities are acting as placement agents.

This offering is being made only by means of a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering will be filed with the U.S. Securities and Exchange Commission (SEC) and will be available on the SEC's website located at www.sec.gov. When available, copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained from RS Platou Markets, Inc., 410 Park Avenue, 7th Floor, Suite 710, New York, NY 10022, Attention: Raquel Lucas (or by e-mail at [email protected]).