SCHEDULE 13D/A: Scorpio Entities Amend 13D Filing, Disclosing Significant Sale of DHT Holdings Shares

Scorpio Tankers Inc. and its affiliates have filed an amendment to their Schedule 13D, revealing the sale of over 2.6 million shares of DHT Holdings, Inc., reducing their beneficial ownership to 5.53%.

Summary

• This document is Amendment No. 1 to the Schedule 13D originally filed with the U.S. Securities and Exchange Commission on January 29, 2025.
• The Reporting Persons include Scorpio Tankers Inc., Scorpio Holdings Limited, Scorpio Services Holding Limited, and Annalisa Lolli-Ghetti.
• Between June 13, 2025, and June 18, 2025, Scorpio Tankers Inc. sold an aggregate of 2,695,218 shares of DHT Holdings, Inc. in open market transactions.
• The average price per share for these transactions ranged from $11.97 to $12.15.
• As of the filing date, the Reporting Persons collectively beneficially own 8,882,480 shares of DHT Holdings, Inc.
• This beneficial ownership represents approximately 5.53% of DHT Holdings, Inc.'s outstanding shares.
• DHT Holdings, Inc. had 160,607,613 shares issued and outstanding as of March 31, 2025, according to its Form 6-K filed on May 7, 2025.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative for DHT Holdings, Inc. as a major shareholder has significantly reduced its stake, which can be perceived as a lack of confidence or a strategic divestment.

Negatives

• The sale of 2,695,218 shares by a significant holder like Scorpio Tankers Inc. could be perceived as a negative signal for DHT Holdings, Inc., potentially indicating a lack of confidence or a strategic divestment by the selling entity.
• The reduction in beneficial ownership to 5.53% suggests a decreased stake and potentially reduced influence or commitment from a major institutional investor.

Risks

• Potential downward pressure on DHT Holdings, Inc.'s stock price due to the large volume of shares sold in the open market.
• Reduced institutional support or investor confidence in DHT Holdings, Inc. following the divestment by a notable shareholder.

Future Outlook

NA

Management Comments

• The Reporting Persons specifically disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.

Industry Context

This filing pertains to a change in beneficial ownership in DHT Holdings, Inc., a company in the shipping industry, by Scorpio Tankers Inc. and its affiliates, also involved in the shipping sector. The transaction reflects a portfolio adjustment by a significant industry player.

Stakeholder Impact

• Shareholders of DHT Holdings, Inc. may experience negative sentiment and potential downward pressure on the stock price due to the significant share sale by a major holder.
• Scorpio Tankers Inc. and its affiliates have realized cash from the sale of their shares in DHT Holdings, Inc.

Key Dates

Recommendation

Keywords

DHT Holdings, Scorpio Tankers, Schedule 13D/A, beneficial ownership, share sale, SEC filing, common stock, institutional investor, shipping industry, divestment