DOF ASA News
DOF ASA - Mandatory notification of trade
Reference is made to the stock exchange announcements by DOF ASA ("DOF" or the "Company") on 24 May 2018 regarding the consolidation of the shares in the Company in the ratio 10:1.
In order to facilitate the share consolidation, the Company's largest shareholder, Møgster Mohn Offshore AS, agreed to transfer, free of charge, the number of shares that was necessary in order for all shareholders in the Company to have a shareholding that was dividable by 10. The settlement of the share consolidation has now been completed in the VPS. As a result, Møgster Mohn Offshore AS has reduced its shareholding in the Company with 1,294 shares from 150,639,937 to 150,638,643 shares, representing approximately 51.9% of the votes and shares issued by the Company and approximately 47.6% of the votes and shares in the Company on a fully diluted basis (i.e. including the shares issuable pursuant to the Company's subordinated convertible bond).
Møgster Mohn Offshore AS is owned 66.4% by Laco AS (the holding company of the Møgster family and affiliated with the chairman of the board of the Company Helge Møgster) and 33.6% by Perestroika AS (a company affiliated with board member of the Company Frederik W. Mohn).
For further queries, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09