DHT Holdings, Inc. announces the appointment of Susan Reedy to its Board of Directors
04 November 2017 - 7:42AM
HAMILTON, BERMUDA, November 3, 2017 - DHT Holdings, Inc.
(NYSE:DHT) ("DHT" or the "Company") today announced that it has
appointed Susan Reedy to its board of directors as a Class I
Director with a term expiring at the Company's 2020 annual meeting
of shareholders. In connection with Ms. Reedy's appointment, the
size of the Company's board was increased to six directors.
The appointment of Ms. Reedy as a director is in accordance with
the Investor Rights Agreement ("IRA") entered into between the
Company and BW Group Limited on April 20, 2017. Pursuant to
the IRA, BW Group is entitled to nominate two persons to the
Company's board. Ms. Reedy is the second person to be
nominated by BW Group as a director.
Erik Lind, DHT's Chairman, stated: "We are very pleased to have
Susan join the DHT board. Her background and experience
significantly augment the workings of the board to the benefit of
DHT."
Ms. Reedy has over 17 years of corporate legal experience.
She is currently Head of Legal - Special Projects for BW Group and
served as Deputy Managing Director & General Counsel of BW
Ventures from 2011 to 2016. Prior to that, Ms. Reedy was
associated with Conyers, Dill & Pearman, where she advised
shipping and energy clients, and with the corporate department of
Owen Bird. Ms. Reedy received her Juris Doctor and Bachelor
of Arts degrees from the University of Victoria (British Columbia,
Canada) and studied international law at the Utrecht University
(Utrecht, Netherlands). She is called to the Bar in Bermuda
and Canada and has served on the Women's Oil & Gas Council
Committee as well as on the boards of various private companies.
Ms. Reedy is a resident of Bermuda and citizen of Canada.
About DHT Holdings, Inc.DHT is an
independent crude oil tanker company operating a fleet of crude oil
tankers in the VLCC and Aframax segments. We operate through our
wholly owned management companies in Oslo, Norway and
Singapore. For further information: www.dhtankers.com.
Forward Looking Statements This press release may contain
assumptions, expectations, projections, intentions and beliefs
about future events. When used in this document, words such
as "believe," "intend," "anticipate," "estimate," "project,"
"forecast," "plan," "potential," "will," "may," "should" and
"expect" and similar expressions are intended to identify
forward-looking statements but are not the exclusive means of
identifying such statements. These statements reflect DHT's
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 DHT's estimates and assumptions only as of the date of
this press release and are not intended to give any assurance as to
future results. Investing in DHT's securities involves risk,
and investors should be able to bear the loss of their
investment. For a detailed discussion of the risk factors
that might cause future results to differ, please refer to DHT's
Annual Report on Form 20-F, filed with the SEC on March 23,
2017.
DHT 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 DHT's actual results could differ
materially from those anticipated in these forward-looking
statements.
CONTACT: Erik A. Lind, Chairman of the Board Phone: +44 7717 538
337 E-mail: erik.lind@tuftonoceanic.com
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