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DOF ASA - New share capital
Reference is made to the stock exchange announcement by DOF ASA ('DOF' or the 'Company') dated 19 December 2017 regarding the approval by the extraordinary general meeting of the Company to increase the share capital of the Company in connection with a private placement raising gross proceeds of NOK 500 million (the 'Private Placement').
The share capital increase pertaining to the Private Placement has today, 21 December 2017, been registered with the Norwegian Register of Business Enterprises. As a result, the share capital of the Company has been increased with NOK 416,666,666.50 by issuance of 833,333,333 new shares, each with a nominal value of NOK 0.50. Following the share capital increase, the Company's share capital is NOK 1,276,156,256, divided into 2,552,312,512 shares, each with a nominal value of NOK 0.50.
The Private Placement was settled with existing and unencumbered shares in the Company pursuant to a share lending agreement between Møgster Mohn Offshore AS as lender, Pareto Securities (on behalf of the managers) and the Company. Hence, the shares allocated in the Private Placement (other than those allocated to Møgster Mohn Offshore AS) were already tradeable.
The new shares in the Private Placement have been delivered to Møgster Mohn Offshore AS as settlement of the share loan. Such shares and the shares allocated and delivered to Møgster Mohn Offshore AS have been placed on a separate ISIN pending publication of a listing prospectus (the 'Prospectus') to be approved by the Norwegian Financial Supervisory Authority, and will not be listed or tradeable on the Oslo Stock exchange until the Prospectus has been published by the Company, expected to take place in the beginning of February 2018.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09

DOF ASA published this content on 21 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 December 2017 16:14:00 UTC.

Original documenthttp://www.dof.no/en-GB/Headlines/News-Item?Action=1&NewsId=2470&M=NewsV2&PID=596

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