DOF ASA News
Final results of the repair offering
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Austevoll, Norway, 1 November 2011
The subscription period for the repair offering of up to 1,000,000 new shares in DOF ASA (DOF) expired at 17:30 (CET) on 31 October 2011. At the expiry of the subscription period, DOF had received subscriptions for a total of 13,373 new shares. Consequently, subscriptions for 1.3% of the shares offered in the repair offering have been received.
In a board meeting today, the Board of Directors of DOF approved the final allocation of the shares offered in the repair offering based on the allocation criteria set out in the prospectus dated 14 October 2011. A total of 13,373 new shares have been allocated, of which approximately 12,500 new shares have been allocated to subscribers on the basis of exercised subscription rights. The remaining new shares have been allocated to subscribers without subscription rights.
Notifications of allocated new shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed today. Payment for the allocated shares falls due on 4 November 2011 in accordance with the payment procedures described in the prospectus.
Subject to timely payment, the share capital increase pertaining to the repair offering will be registered with the Norwegian register of Business Enterprises on or about 9November 2011 and that the new shares will be transferred to the VPS accounts of the subscribers and admitted to trading on the Oslo Stock Exchange on or about 10 November 2011. The new shares may not be traded on the Oslo Stock Exchange before they are fully paid, issued and registered in the VPS.
Following the issue of the new shares in the repair offering, DOF’s share capital will be NOK 222,102,696 divided by 111,051,348 shares, each with a nominal value of NOK 2.
For further information, please contact:
Mons S. Aase, CEO
Tel: + 47 91 66 10 12
Hilde Drønen, CFO
Tel: +47 91 66 10 09
This announcement is not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. DOF does not intend to register any portion of the offering of the securities in the United States. Any offering of securities will be made by means of a prospectus that may be obtained from DOF and that will contain detailed information about the company and the management, as well as financial statements. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
In any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any member State, the "Prospectus Directive"), this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e. only to investors who can receive the offer without an approved prospectus in such EEA Member State.
This announcement is only directed at (a) persons who are outside the United Kingdom; or (b) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (c) persons falling within Article 49(2)(a) to (d) of the Order; or (d) persons to whom any invitation or inducement to engage in investment activity can be communicated in circumstances where Section 21(1) of the Financial Services and Markets Act 2000 does not apply.