Reference is made to the announcement made by DOF ASA ("DOF" and together with its subsidiaries the "Group") on 22 June 2022 regarding the execution of an agreement with a substantial group of creditors and certain other stakeholders on a comprehensive financial restructuring (the "Restructuring") the Restructuring will be implemented as a forced process pursuant to the Norwegian Reconstruction Act in which event the shareholders will only be secured 1 % of the share capital following the Restructuring; (iv) in the event that the Restructuring cannot be implemented pursuant to the Reconstruction Act the Restructuring will be implemented through a bankruptcy in DOF and the shareholders of DOF will be left with zero value; and (v) the arguments presented by the group of minority shareholders relating to underlying values in the Group and that a bankruptcy will not be declared are unfortunately based on fundamental misunderstandings as the bankruptcy alternative will be adopted if required and the existing shareholders then will be left with zero value. It is also emphasised that an already submitted power of attorney until the EGM (at 12:00 on 11 November 2022) can be withdrawn and changed to an instruction to vote in favour of the proposed resolutions at the EGM. DOF has also noted that certain minority shareholders have expressed that they have not received required information from DOF. It should in this respect be noted that representatives of DOF have reached out to a large number of shareholders in order to explain the information provided to the shareholders through stock exchange announcements and the notice of the EGM. However any shareholder who still require additional information are welcome to contact: CFO Hilde Drønen tel. +47 916 61 009 CFO (Acting) Martin Lundberg tel. +47 916 21 057 Group General Counsel Petter O. Pharo tel. +47 982 06 477 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. With a multi-national workforce of about 3 900 personnel DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels and engineering capacity to service both the offshore and subsea market. With over 40 years in the offshore business the group has a strong position in terms of experience innovation product range technology and capacity. DOF's core businesses are vessel ownership vessel management project management engineering vessel operations survey remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The company's main operation centers and business units are located in Norway the UK the USA Singapore Brazil Argentina Canada Angola and Australia. DOF ASA is listed on the Oslo Stock Exchange since 1997."
Please select a category before following further instructions.
Thank you for your interest in DOF. If your inquiry did not match any of the categories that we provide, please write a short summary of your inquiry, where you are located, and your contact details, and we will send your inquiry to the best fit resource in our organisation. Please note that, due to privacy laws in multiple countries, DOF does not handle CV’s or job applications through this form and any job-related inquiry will be deleted upon receiving it. Thank you for understanding.
Thank you for your interest in DOF. If your inquiry did not match any of the categories that we provide, please write a short summary of your inquiry, where you are located, and your contact details, and we will send your inquiry to the best fit resource in our organisation. Please note that, due to privacy laws in multiple countries, DOF does not handle CV’s or job applications through this form and any job-related inquiry will be deleted upon receiving it. Thank you for understanding.
DOF makes available a 3rd party supported “Ethics Helpline” for reporting serious concerns, including whistleblowing. Please visit our Ethics Helpline information page here: https://www.dof.com/who-we-are/hseq/whistleblowing
If this is an emergency, please contact the duty phone: +47 56 18 10 93. Otherwise, your inquiry will be sent to a DOF Corporate Communication responsible.
Thank you for your interest in DOF. In the following form, let us know generally where in the world you are situated, what type of services you are interested in, and your contact details, and we will send your inquiry to the most relevant commercial resource.
Thank you for your interest in DOF. Due to privacy laws in multiple countries, DOF does not handle CV’s or open applications through direct e-mail. If you want to send an open application, visit our career page. If you would like to speak to a DOF representative, please use our contact page and contact by telephone the regional office that is closest to you.
Thank you for your interest in DOF. Would you like to subscribe to our press releases? Add your details below and write in the "Message" field, "I would like to subscribe to DOF news and announcements" and our 3rd party subscription tool will send you notifications when we publish share notices on our website. If you want to get in touch with our Investor Relations manager, please either leave your details or provide an introduction and we will send your inquiry forward.