Approval of the Annual Accounts 2019 and proposed changes to the Board

The Board of Directors has today approved the Annual Report 2019. Compared to 4th quarter financial report published on 21st of February, the main part of the DOF Subsea Group's long-term debt has been reclassified as short-term debt.  
Helge Møgster has announced that he will resign as Chairman of the Board in DOF Subsea AS. The nomination committee has proposed Hans Olav Lindal as new Chairman of the Board. The proposal will be put forward to the Company`s shareholder in the General Meeting.
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

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