Reference is made to the previous announcement on 24 October 2022 regarding
summons to bondholders' meetings in DOF Subsea AS' three bond loans (FRN DOF
Subsea AS Senior Unsecured Bond Issue 2013/2020 (DOFSUB07, ISIN NO0010971005),
DOF Subsea AS 9.50% Senior Unsecured Bond Issue 2017/2022 (DOFSUB08, ISIN
NO0010788177) and FRN DOF Subsea AS Senior Unsecured Bond Issue 2018/2023
(DOFSUB09, ISIN NO0010836810)) in which DOF Subsea AS requested the bondholders'
approval of the contemplated restructuring of the DOF group by a consensual
implementation, or, in the event that the Extraordinary General Meeting in DOF
ASA on 11 November 2022 does not approve a consensual restructuring, to complete
the restructuring through alternative implementation steps.
DOF Subsea AS is pleased to announce that the bondholders' meetings were held
today and the proposed resolution received 99.78%, 98.43% and 96.70% 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. Please see the attached minutes from the
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity. DOF's core businesses are vessel ownership, vessel management,
project management, engineering, vessel operations, survey, remote intervention
and diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.