DHT clips conversion price of 4.5% notes due 2019 for dividend payout

By Susanna Moon

Chicago, May 19 – DHT Holdings, Inc. said it reduced the conversion price of its 4.5% convertible senior notes due 2019.

The conversion price is now $6.3942 per share from $6.5097 per share, effective May 18, for a conversion rate of about 156.3914 shares of common stock per $1,000 principal amount of notes.

The adjustment was due to a cash dividend of $0.08 per share slated for May 31, according to a company notice.

DHT is a Hamilton, Bermuda, operator of crude oil tankers.

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