Reference is made to the summons letter dated 25 June 2019 regarding the Company’s three senior unsecured bond issues with ISIN NO 001 0670144 (“DOFSUB07”) 0.7037 and 90.68% of the votes in DOFSUB07 DOFSUB08 and DOFSUB09 respectively. Approval of the proposal set out in the summons required 2/3 majority in all three bonds and the proposal was consequently approved. All three bond agreements will therefore be changed as set out in the summons. Please see attached minutes from bondholders' meeting. Following the bondholder’s approval of the Company's request for alignment of the cash covenants the Company intends to facilitate that limitations on dividend and distributions from the Company under applicable loan agreements is extended. For further information please contact: Mons S. Aase CEO DOF Subsea. Tel: +47 91 66 10 12 Jan Nore CFO DOF Subsea. Tel: +47 48 09 46 99 Marianne Møgster SVP Finance DOF Subsea. Tel: +47 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company’s core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com"
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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.
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