Dec212017

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DOF Subsea Financial News

New share capital

Reference is made to the stock exchange announcement by DOF Subsea AS ("DOF Subsea" or the "Company") earlier today, 21 December 2017, regarding the approval by the extraordinary general meeting of the Company to increase the share capital in the Company in connection with a private placement in the Company directed towards DOF ASA 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 476,190,480 by issuance of 47,619,048 new shares, each with a value of NOK 10. Following registration of the share capital increase, the Company's share capital is NOK 1,673,527,620, divided into 167,352,762 shares, each with a nominal value of NOK 10.
 
Following completion of the Private Placement, DOF ASA's ownership interest in the Company has increased from 51% to approximately 65%.
 
For further information, please contact:
Mons S. Aase, CEO, DOF Subsea, tel. +47 91 66 10 12
Marianne Møgster, SVP Finance, DOF Subsea, tel. +47 99 30 69 16