DOF Group ASA (“DOF”) is pleased to announce two new contracts in Brazil.
Skandi Logger, an AHTS with 250t bollard pull built in 2009, has been contracted for a 4-year engagement with Petrobras, following the same competitive AHTS tender process that resulted in the contracts of Skandi Iguaçu, Skandi Angra, Skandi Paraty and Skandi Urca as previously announced. For this contract, expected to start in February 2026, Skandi Logger will be reflagged to Brazilian Flag.
Resulting from another competitive tender process, Skandi Achiever has been contracted as RSV for a 4-year engagement with Petrobras. Expected commencement is in December 2025, in direct continuation of her current contract with another client in Brazil. Petrobras’ contract foresees the utilisation of Achiever's 2 WROVs and subsea crane.
The two contracts have a combined value of more than USD 275 million.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
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(15.05.2025) Reference is made to item 13 in the Notice of DOF Group ASA's Annual General Meeting, regarding the approval of the Board of Directors' guidelines for salary and other remuneration to senior executives and board members, in accordance with section 6-16a of the Norwegian Public Limited Liability Companies Act. Reference is made to item 13 in the Notice of DOF Group ASA's Annual General Meeting, regarding the approval of the Board of Directors' guidelines for salary and other remuneration to senior executives and board members, in accordance with section 6-16a of the Norwegian Public Limited Liability Companies Act.
Following the Notice, the Board of Directors has decided to include a limitation on the maximum gain a participant in the share option program, which is planned to be implemented during the course of 2025, can receive. This decision is made to comply with Section 12 of the Norwegian Code of Practice for Corporate Governance (NUES).
The maximum gain for each participant under the program in any calendar year, upon the exercise of options, shall not exceed three times the gross base salary of the participant in the same calendar year.
As the aforementioned limit on maximum gain under the share option program is not considered material and is considered favourable for shareholders, all received proxies and advanced votes pertaining to item 13 in the Annual General Meeting to be held on 20 May 2025 will be considered valid unless revoked by the shareholder.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA. Phone: +47 948 36 464
DOF Group ASA will present its Q1 2025 results on Friday 16 May 2025 at 14:00 CEST. The report will be available at www.dof.com and www.newsweb.no.
The presentation will be digital only and will be available on https://www.dof.com/webcast, and a recording of the presentation will be published on the same webpage after the event.
The presentation will be held by CEO Mons S. Aase and CFO Martin Lundberg.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA. Phone: +47 948 36 464
DOF has announced an investment in a first of its kind, modular cable repair spread designed to transform how offshore wind operators respond to cable faults. Uniquely engineered for compatibility across our fleet, the system offers an industry-first combination of fleet-wide flexibility, road transportability, and rapid deployment capabilities.
Developed in collaboration with engineering specialists, Royal IHC, the spread allows for mobilisation and commissioning within 48 hours, using just 12 lifting operations. A vast improvement on traditional fixed systems, which are often limited to single-vessel availability.
“This is a genuine step change in how the industry can respond to cable fault downtime,” said Dag Raymond Rasch, Executive Vice President DOF Atlantic.
“Our cable repair spread reflects DOF’s ability to rapidly address clients’ needs. We’re not just adapting oil and gas equipment – this system has been purpose-built for offshore wind, with flexibility, efficiency and uptime at its core.”
The new system includes a compact quadrant handler, tensioner, roller tables, and over-boarding chute – all designed for plug-and-play operation. Its minimal footprint improves deck efficiency while maintaining cable integrity through all lay and recovery modes.
This follows the successful completion of a high-profile subsea cable repair project for Shell in the Netherlands in 2024, where DOF deployed its owned vessels and existing repair spread to restore service with minimal interruption.
“By owning both the vessels and the modular repair spread, DOF offers clients a level of control and responsiveness that’s otherwise difficult to achieve,” added Dag Raymond, “Improving response times and reduced downtime for clients – especially under emergency conditions.”
DOF has already secured multiple frame agreements with leading offshore wind operators in Europe, the USA, and APAC, reinforcing the global relevance of its cable repair service line with a dedicated fleet, modular technology, and proven operational pedigree.
DOF Group ASA (“DOF”) is pleased to announce that Skandi Achiever has been awarded an offshore service and survey contract in Brazil in support of a SURF project with operations planned to start in early May and covering three campaigns during 2025.
Furthermore, Skandi Salvador has had its charter, service, and survey contract with Subsea7 in support of SURF projects in Brazil extended until July 2025. The contract foresees additional options.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA’s board of directors has decided to propose to the annual general meeting on 20 May 2025 to pay an ordinary dividend of USD 0.30 per share on the basis of the annual accounts for 2024, and that the annual general meeting authorises the board of directors to resolve further dividend distributions based on the 2024 annual accounts.
Dividend amount: USD 0.30 per share
Declared currency: USD
Last day including right: 20 May 2025
Ex-date: 21 May 2025
Record date: 22 May 2025
Payment date: 5 June 2025
Date of approval: 20 May 2025
Other information: The distribution of the cash dividend is subject to approval by the AGM of DOF Group ASA to be held on 20 May 2025. The dividend will, subject to approval, be paid in NOK and the amount in NOK will be announced at a later date.
This information is published in accordance with the requirements of the Continuing Obligations.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
The annual general meeting of DOF Group ASA will be held on Tuesday, 20 May 2025 at 12:00 CEST.
The general meeting will be held digitally through Lumi. It will not be possible to attend in person. Registration of attendance must be received no later than 19 May 2025 at 12:00 CEST. For digital participation, please use the link https://dnb.lumiagm.com/196203609. Reference and PIN codes for the meeting are available on VPS Investor Services, or on the form attached to the notice to the individual shareholder. Shareholders may vote in advance, or submit a proxy, with or without voting instructions, by 19 May 2025 at 12:00 CEST.
The notice is attached, and all relevant documents are available on DOF Group ASA’s website: www.dof.com/agm2025.
The notice of the general meeting will be sent by post to shareholders who have not given explicit consent for electronic communication of notices.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA ("DOF") is pleased to announce a Substantial contract award for subsea mooring installation services in the APAC Region. The contract will utilise Skandi Hercules with related moorings and installation subsea services. The scope of work includes DOF's in-house project management and engineering, procurement and logistics support services.
Offshore execution in West Australian waters is scheduled in Q3 2025 with the vessel engaged on the project for approximately 2 months.
Mons Aase, CEO DOF Group ASA, said: "The award secures substantial backlog for the APAC region in the second half of 2025, and we look forward to delivering a safe and successful project."
DOF defines a Substantial contract as a contract with value between USD 25 million and 50 million.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA (the “Company”) has been informed that Kristin H. Holth, member of the board of directors, has purchased 2,500 shares in the Company through her related party Kricon AS as further specified in the attached notification form. Following the transaction, Kristin H. Holth holds 2,500 shares in the Company.
This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
DOF Group ASA (the "Company") has been informed that Adrian Geelmuyden, member of the board of directors, has purchased 6,000 shares in the Company as further specified in the attached notification form. Following the transaction, Adrian Geelmuyden holds 16,000 shares in the Company.
This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.