Subsea services

A long track record of leading in IMR & light construction

Renewables

Advancing Floating Wind Services

Marine management

Setting the standard in ship management since 1981

The fleet

Modern, purpose-built OSVs & subsea assets

Sustainability

A responsible partner

Vision, values, & history

We are a values-driven organisation

Board & Management

Meet our Board of Directors & executive management

HSEQ

Health, Safety, Environment, & Quality

Newsroom

Read our press releases & announcements

Our people

Meet our wonderful employees & how to join the team

Careers

Learn about our many career paths

Vacancies

Direct access to all of our opportunities

Ethics Helpline

Reporting your concerns

Visit us on LinkedIn

Reports & presentations

Key investor publications

Financial calendar

Key dates for investor events, financial reports, & presentations

Webcast

Investor webcasts

Shareholder information

Analyst coverage, key figures, & event support

Financial news

Read our press releases & latest IR updates

Our newsroom

DOF Group ASA – Two long-term AHTS contracts in Brazil

Skandi Fluminense, a 2007 Brazilian-built anchor handling tug supply (AHTS) vessel with 211t bollard pull, and Skandi Lifter, a foreign-flagged 250t AHTS built in 2009 have each been contracted...

DOF Group ASA – Two long-term AHTS contracts in Brazil

articles

Select a category.

No articles found.

News

DOF Group ASA's (“DOF” or the “Group”) revenue for 3rd quarter (management reporting) totals USD 376 million (USD 322 million) and EBITDA totals USD 141 million (USD 123 million). The operating profit (EBIT) is USD 88 million (USD 85 million). Net financial costs amount to USD -9 million (USD -52 million) including unrealised currency gain of USD 17 million (USD -24 million). The result after taxes is USD 69 million (USD 27 million). The Group’s net interest-bearing debt is USD 1,143 million (USD 1,372 million). The equity is USD 1,195 million (USD 749 million) giving an equity ratio of 39% (27%).

Key highlights in 3rd quarter:
• The Group achieved an EBITDA of USD 141 million (USD 123 million).
• The net profit was USD 69 million (USD 27 million) and has been positively impacted by an unrealised non-cash currency gain of USD 17 million (USD -24 million) due to a strengthened BRL to USD in the quarter.
• The Group’s cash flow from operating activities was USD 124 million (USD 141 million) in the quarter.
• The equity ratio has improved from 27% to 39% due to strong results the last 12 months and a private placement of USD 75 million in July.
• The Net interest-bearing debt (NIBD) has been reduced from USD 1,372 million to USD 1,143 million. The NIBD/LTM EBITDA by end September is 2.3x (3.0x)
• The average utilisation of the fleet has been 92% (85%) in the quarter.
• The performance has been good in the APAC, North America and the Atlantic regions, and stable in Brazil.
• The total fleet consists of 57 vessels (incl. 14 vessels on management or hired in):
o 16 AHTSs, 10 PSVs and 31 Subsea vessels.
• The order intake in 3rd quarter was USD 0.5 billion.
• Firm backlog by end September is USD 2.75 billion (USD 2.1 billion). Order intake after balance date is approximately USD 90 million.
• The Group has on 1st of November completed the acquisition of Maersk Supply Service A/S (“MSS”) which has been renamed to DOF Denmark A/S and will be incorporated in the accounts from 1st of November.
Note: all numbers commented above are based on management reporting

Statement from the CEO:
‍
“After completion of the MSS acquisition, we look forward to further developing the DOF Group with an advanced fleet of CSVs and high-end AHTS vessels and the combined competence and capabilities in DOF and MSS. Our main focus now is to ensure a good integration process of the two companies with a common target to deliver world-class services to our customers.

I am further pleased to see the continuing good performance from our subsea regions and am optimistic that the Group’s subsea project activity will continue to grow both due to the recent awarded contracts and ongoing tenders. The activity in the North Sea spot market for AHTS and PSV has slowed down the last two months especially on the UK sector, but we see the opposite in Brazil where Petrobras is out with several tenders and also in Asia-Pacific where we recently were awarded another very good PSV contract.

The expected improved earnings in the second half are confirmed by the 3rd quarter result, hence we change the EBITDA guiding to USD 510-520 million. The uncertainty in 4th quarter is limited as the reported backlog for 4thquarter is higher than the reported revenue in 3rd quarter.

With reference to our Capital Markets Day in September, we have now started the refinancing process of the Group to position the Company with the target to pay dividends from 2nd quarter 2025 and onwards. The progress is good and strong indications of interest from banks to participate in the refinancing.”

Please see enclosed 3rd quarter Financial Report 2024.

>>> DOF Group ASA Q3 2024 Financial Report (PDF)

A webcast, followed by a Q&A session, will be available Thursday, 7th of November at 08:30 CET on www.dof.com/webcast.

For further information, please contact:

Martin Lundberg, SVP Finance DOF Group ASA
Phone: +47 91 62 10 57
E-mail: martin.lundberg@dof.com

Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
E-mail: eirik.vardoy@dof.com

‍
‍

News

DOF Group ASA - Financial Report for 3rd quarter 2024

November 6, 2024

Austevoll, 5 November 2024: Reference is made to the stock exchange announcement made by DOF Group ASA ("DOF" or the "Company") on 2 July 2024 in which it was announced that DOF, through DOF Offshore Holding Denmark ApS on certain terms and conditions would acquire all the shares in Maersk Supply Service A/S (renamed to DOF Denmark A/S on the date hereof)("MSS") from Maersk Supply Service Holding ApS ("MSSH") (the "Transaction"). Reference is further made to the stock exchange announcement by the Company on 1 November 2024 in which it was announced that (i) the Transaction had been completed, and (ii) the board of directors of the Company had resolved to issue 58,883,073 consideration shares (the "Consideration Shares") and 2,686,591 new shares (the "New Shares") to MSSH, in order settle part of the purchase price under the Transaction.

The Consideration Shares and the New Shares issued to MSSH to settle the Company's obligation under the Transaction have been delivered on a separate ISIN pending publication of a listing prospectus (the "Prospectus") approved by the Financial Supervisory Authority of Norway (Nw.: Finanstilsynet).

The Financial Supervisory Authority of Norway has today, on 5 November 2024, approved a prospectus (the "Prospectus") for the listing of the Consideration Shares and the New Shares on the Oslo Stock Exchange.

The Prospectus will, subject to regulatory restrictions in certain jurisdictions, be available on the Company's website, www.dof.com.
>>> DOF Group ASA - PROSPECTUS (PDF, 10 mbs)

The Consideration Shares and the New Shares will be delivered to the ordinary ISIN of the Company and become tradable on the Oslo Stock Exchange under the ticker "DOFG".

For further information, please contact:

Martin Lundberg, SVP Finance DOF Group ASA
Phone: +47 91 62 10 57
E-mail: martin.lundberg@dof.com

Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
E-mail: eirik.vardoy@dof.com

Important notice:
This announcement is not being made in or into the United States of America, Canada, Australia, Japan, Hong Kong or in any other jurisdiction where it would be prohibited by applicable law. This distribution does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in the United States. The shares referred to herein have not been and will not be registered under the United States Securities Act of 1933, and may not be offered or sold in the United States or to U.S. persons (other than distributors) unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available.

‍

News

DOF Group ASA - Approval and publication of prospectus

November 5, 2024

News

Correction: Disclosure of large shareholding

November 4, 2024

News

DOF Group ASA – Shareholder disclosure notification

November 4, 2024

Det vises til DOF ASAs ("Selskapet" eller "DOF", og sammen med datterselskapene, "Gruppen") tidligere børsmeldinger henholdsvis 22. juni 2022 og 13. oktober 2022 vedrørende den finansielle restruktureringsprosessen, og børsmeldingen 11. november 2022 vedrørende avstemningsresultatet på den ekstraordinære generalforsamlingen avholdt samme dag ("Generalforsamlingen"). Som følge av manglende godkjenning av den foreslåtte restruktureringen på Generalforsamlingen og i henhold til Gruppens forpliktelser etter avtalen med en betydelig gruppe finansielle kreditorer og visse andre interessenter ("Restruktureringsavtalen") om en omfattende finansiell restrukturering ("Restruktureringen"), vil DOF i dag begjære rekonstruksjonsforhandlinger ved Hordaland tingrett ("Rekonstruksjonen"). Som tidligere kommunisert av Selskapet, har de finansielle kreditorene til Gruppen gjort det klart at (i) det ikke er rom for aksjonærene til å forhandle om en gunstigere løsning enn forslaget som ble presentert for generalforsamlingen den 11. november 2022 der aksjonærene ble tilbudt 4% av aksjekapitalen etter Restruktureringen og (ii) aksjonærene ikke vil bli tilbudt mer enn 1% av aksjekapitalen etter Restruktureringen som en del av Rekonstruksjonen, med mindre noe annet aksepteres av de finansielle kreditorene. Etter styrets vurdering foreligger det ingen annen løsning som sikrer videre drift i Gruppen enn den avtalte Restruktureringen. Det er videre gjort klart av Gruppens finansielle kreditorer at gjennomføring av Restruktureringen skal skje i henhold til Restruktureringsavtalen. Etter Restruktureringsavtalen er DOF i den nåværende situasjonen forpliktet til å sørge for at rekonstruksjonsforhandlinger åpnes. Dette underbygges ytterligere av et brev fra kreditorene hvor det kreves at Rekonstruksjonen åpnes omgående. Styret har også vært i dialog med oppnevnt rådgiver for minoritetsaksjonærene for å fremskaffe ønsket dokumentasjon. Styret har ikke mottatt informasjon som tilsier at minoritetsaksjonærene har noen reell alternativ løsning til Restruktureringen. Som forberedelse til Rekonstruksjonen, og for å sikre videre drift i resten av Gruppen uavhengig av utfallet av Rekonstruksjonen, har Selskapet overført majoriteten av sin virksomhet, eiendeler og kontraktsmessige forpliktelser til sitt heleide datterselskap, DOF Services AS. De ansatte i Selskapet har i henhold til Restruktureringsavtalen blitt overført til Selskapets heleide datterselskap DOF AS sammen med tilhørende tredjepartsavtaler som er nødvendige for å drive konsernet. Gruppens virksomhet forventes derfor å fortsette som normalt, både gjennom hele rekonstruksjonsprosessen og ved en eventuell påfølgende konkurs i Selskapet. Som tidligere kommunisert vil ikke kreditorer og kontraktsparter utover de finansielle kreditorene som er part i Restruktureringen bli påvirket av Restruktureringen. I lys av de kontinuerlige spekulasjonene blant minoritetsaksjonærene i DOF som stiller spørsmål ved prinsippet om likebehandling av alle Selskapets aksjonærer, og til tross for tidligere meldinger som bekrefter det samme, ser Selskapet nok en gang et behov for å gjenta at forslaget om Restrukturering som ble presentert for Generalforsamlingen sørget for likebehandling av alle aksjonærene i Selskapet. Hovedaksjonæren i DOF har også bekreftet at det ikke er noen avtale eller ordning om særbehandling av hovedaksjonæren sammenlignet med øvrige aksjonærer, uavhengig av hvordan Restruktureringen gjennomføres. For mer informasjon, vennligst kontakt: Styrets leder Hans Olav Lindal, tlf. 958 39 562 Denne informasjonen anses som innsideinformasjon i henhold til EUs Markedsmisbruksforordning, og er informasjonspliktig etter verdipapirhandelloven § 5-12. Børsmeldingen er publisert av Hilde Drønen, CFO, DOF ASA. With a multi-national workforce of about 3,900 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 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.

Historical OSE Notices

DOF ASA: Begjæring om Rekonstruksjon

December 2, 2022

Reference is made to DOF ASA's (the "Company" or "DOF" and together with its subsidiaries the "Group") previous announcements on 22 June 2022 and 13 October 2022 regarding the financial restructuring process, and the announcement on 11 November 2022 regarding the voting result at the extraordinary general meeting held the same day ("EGM"). As a result of the failure to obtain approval of the proposed restructuring at the EGM and pursuant to the Group's obligations under the agreement with a substantial group of financial creditors and certain other stakeholders (the "Restructuring Agreement") on a comprehensive financial restructuring (the "Restructuring"), DOF will today petition for reconstruction proceedings with Hordaland district court (the "Reconstruction"). As previously communicated by the Company, the financial creditors of the Group have made it clear (i) that there is no room for the shareholders to negotiate a more favorable solution than the proposal that was presented to the EGM on 11 November 2022 whereby the shareholders was offered 4% of the share capital following the Restructuring and (ii) that the shareholders will not be offered more than 1% of the share capital following the Restructuring as part of the Reconstruction, unless otherwise agreed by the financial creditors. The board of directors is of the view that there is no other available solution that ensures the continued operations in the Group than the agreed Restructuring. It has also been made clear by the Group's financial creditors that implementation of the Restructuring must take place in accordance with the Restructuring Agreement. According to the terms of the Restructuring Agreement, DOF is in the current situation obliged to procure that the Reconstruction proceedings are opened. This is further substantiated by a letter from the creditors requesting Reconstruction to be opened promptly. The Board has also been in dialogue with the appointed advisor of the minority shareholders in order to provide the requested documentation. The Board has not received information which indicates that the minority shareholders have any viable alternative solution to the Restructuring. In preparation of the Reconstruction, and in order to secure the continued operations in the rest of the Group irrespective of the outcome of the Restructuring in the Company, the Company has transferred the majority of its business, assets and contractual liabilities to its wholly owned subsidiary DOF Services AS. The employees of the Company have, in accordance with the Restructuring Agreement, been transferred to the Company's wholly owned subsidiary DOF AS together with related third-party agreements necessary to operate the Group. The Group's operations are therefore expected to continue as normal both throughout the Reconstruction process and in the event of a subsequent bankruptcy in the Company. As previously communicated, creditors and contract parties other than the financial creditors party to the Restructuring will not be affected by the Restructuring. In light of continuous speculations among the minority shareholders of DOF questioning the principle of equal treatment of all the shareholders of the Company, and despite previous announcements confirming the same, the Company see once more the need to reiterate that the Restructuring proposal that was presented to the EGM provided for equal treatment of all the shareholders of the Company. The main shareholder in DOF has also confirmed that there is no agreement or arrangement regarding preferential treatment of the main shareholder compared to other shareholders irrespective of how the Restructuring is implemented. For further information, please contact: Chairman of the Board Hans Olav Lindal, tel. + 47 958 39 562 This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Hilde Drønen, CFO, DOF ASA. With a multi-national workforce of about 3,900 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 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.

Historical OSE Notices

DOF ASA: Petition for Reconstruction

December 2, 2022

Historical OSE Notices

OSLO BØRS - TRADING SUSPENSION

December 2, 2022

Reference is made to the resolutions adopted in the bondholders' meetings in DOF Subsea AS' three bond loans (FRN DOF Subsea AS Senior Unsecured Bond Issue 2013/2020, DOF Subsea AS 9.50% Senior Unsecured Bond Issue 2017/2022 and FRN DOF Subsea AS Senior Unsecured Bond Issue 2018/2023) on 7 November 2022 (together the "Bond Loans"), whereby the bondholders on certain conditions approved to extend their waiver from, and suspension of, all payment obligations under each of the bond loans until 30 November 2022, with a possibility to further extend the standstill arrangement with the approval of the ad-hoc group of bondholders (the "Ad-Hoc Group"). In order to facilitate the implementation of the Restructuring through reconstruction proceedings, bankruptcy or otherwise, DOF is pleased to announce that the senior creditors and bondholders that are parties to the Restructuring Agreement have agreed to extend the Long Stop Date in the Restructuring Agreement to 31 March 2023, and that the ad-hoc group of bondholders in DOF Subsea AS' bond loans (FRN DOF Subsea AS Senior Unsecured Bond Issue 2013/2020, DOF Subsea AS 9.50% Senior Unsecured Bond Issue 2017/2022 and FRN DOF Subsea AS Senior Unsecured Bond Issue 2018/2023) has extended the standstill arrangements with the bondholders to 31 March 2023 in accordance with the authority granted in the bondholders' meetings held on 7 November 2022. For further information, please contact: 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.

Historical OSE Notices

DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL PERIOD

November 30, 2022

DOF Group is pleased to announce multiple new contracts in Atlantic region and the long-term charter of the CSV vessel Havila Phoenix. The region has been awarded an Integrated Field Support Vessel (FSV) contract with an international operator in West-Africa. The contract is 365 days firm, with 365 days of options. DOF shall deliver project management, engineering, procurement and logistics within deep-water construction and maintenance of existing subsea infrastructure. The project shall utilise Skandi Seven for the contract. The region has also been awarded multiple FEED studies towards prospective floating wind developments in the Atlantic region. DOF shall use its project management, engineering and logistical expert teams to outline marine operation solutions, including mooring and dynamic cable installation. DOF is further pleased to announce the charter of Havila Phoenix on a 3-year firm plus 2-year option contract, with commencement in Q1, 2023. Havila Phoenix is a large and modern CSV, equipped with one 250-ton AHC offshore crane, one 20 -ton AHC offshore crane, 2 WROVs and a large construction deck. The vessel will be utilised within the DOF Subsea's project segment. Mons Aase, CEO DOF Subsea AS, said, "I`m pleased with the award for a new integrated FSV contract in West-Africa, once again proving our ability to deliver complex marine operations and engineering services. I also welcome Havila Phoenix into our fleet of advanced subsea vessels. For further information, please contact: CEO Mons S. Aase, Tel: +47 91 66 10 12 CFO Hilde Drønen, Tel: +47 91 66 10 09 With a multi-national workforce of about 3,900 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 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.

Historical OSE Notices

DOF Contract and Fleet update

November 28, 2022

Historical OSE Notices

Disclosure of voting proxies for the Extraordinary General Meeting of DOF ASA 14 December 2022

November 25, 2022

Det vises til kunngjøring fra DOF ASA ("Selskapet") 17. november 2022 vedrørende krav om innkalling til ekstraordinær generalforsamling ("EGF") etter allmennaksjeloven § 5-7(2), som skal avholdes for å behandle forslag om å velge nytt styre i Selskapet. Generalforsamlingen vil bli avholdt onsdag 14. desember 2022 kl. 12:00 som et elektronisk møte. Aksjonærer som ønsker å delta og stemme i EGF må være registrert med en brukerprofil i møteportalen Orgbrain (www.orgbrain.no) eller sende inn fullmakt til Selskapet innen kl. 12:00 den 9. desember 2022. Informasjon om deltakelse og registrering er inkludert i innkallingen vedlagt denne kunngjøringen og også tilgjengelig på selskapets nettside www.dof.com. Ytterligere informasjon om den elektroniske deltakelsen vil bli publisert på selskapets nettside www.dof.com og vil bli distribuert til aksjonærene som fyller ut og returnerer påmeldingsskjemaet. Papirversjon av innkallingen vil sendes per post til de aksjeeierne som har reservert seg mot elektronisk kommunikasjon i VPS Investortjenester. For nærmere informasjon vennligst kontakt: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 91 66 10 09 Denne informasjonen er informasjonspliktig etter verdipapirhandelloven § 5-12. With a multi-national workforce of about 3,900 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 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.

Historical OSE Notices

DOF ASA: INNKALLING TIL EKSTRAORDINÆR GENERALFORSAMLING

November 23, 2022

Reference is made to the announcement made by DOF ASA (the "Company") on 17 November 2022, regarding a request for an extraordinary general meeting ("EGM") pursuant to section 5-7(2) of the Norwegian Public Limited Companies Act, to be held to consider a proposal to elect a new board of directors in the Company. The EGM will be held on Wednesday 14 December 2022 at 12:00 hours as an electronic meeting. Shareholders who wish to participate and vote at the EGF must be registered with a user profile in the meeting portal Orgbrain (www.orgbrain.no) or submit a proxy to the Company by 12:00 hrs CET on 9 December 2022. Information about participation and registration is included in the notice attached to this announcement and also available on the Company's website www.dof.com. Further information about the electronic participation will be published on the Company's website www.dof.com and distributed to the shareholders who fill in and return the registration form. A paper version of the notice will be sent by post to those shareholders who have reserved themselves against electronic communication on the VPS Investor Services. For further information, please contact: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 91 66 10 09 With a multi-national workforce of about 3,900 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 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.

Historical OSE Notices

DOF ASA: NOTICE OF EXTRAORDINARY GENERAL MEETING

November 23, 2022

The board of directors of DOF ASA has pursuant to section 5-7(2) of the Norwegian Public Limited Companies Act received a request for an extraordinary general meeting ("EGM") to be held to consider a proposal to elect a new board of directors in the company. The request has been submitted on behalf of Bjarte Brønmo and Sans Invest AS holding more than 5% of the share capital. It has been informed that Leif Salomonsen will be proposed as new chair of the board and that the other candidates will be presented prior to the general meeting. The board of directors will convene an EGM to be held no later than 14 December 2022. We also attach a new letter received from the financial creditors of the DOF Group, in which it (i) once again is reiterated by the financial creditors that there is no room for further negotiations, (ii) is confirmed that the financial creditors stand by their statement that they, if necessary, will contribute to implementation of the restructuring through a forced reconstruction and/or bankruptcy in DOF ASA and (ii) is expressed that the financial creditors thereby, and in order to preserve the interests of the DOF Group's employees, suppliers and customers, are prepared to contribute to the preservation of the DOF Group's value as a going concern irrespective of the contribution of the shareholders. Further to this, the financial creditors have made it clear that there are no other available alternatives than the negotiated restructuring solution unless the overdue debt of approximately NOK 23 billion is settled. In the same letter it is further emphasized that any action that would be contrary to the interest of the DOF group and the stakeholders of DOF ASA (multitude of the shareholders, creditors etc.) will expose the board of directors in DOF ASA at any given time to personal liability. For further information, please contact: CEO Mons Aase, tel. +47 91 66 10 12 CFO Hilde Drønen, tel. +47 91 66 10 09 With a multi-national workforce of about 3,900 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 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.

Historical OSE Notices

DOF ASA: REQUEST FOR NEW EXTRAORDINARY GENERAL MEETING AND NEW LETTER FROM THE FINANCIAL CREDITORS

November 17, 2022

Our newsroom

DOF Group ASA – Two long-term AHTS contracts in Brazil

DOF Group ASA – Two long-term AHTS contracts in Brazil

DOF Group ASA – DOF Denmark presentation

Financial calendar

DOF Group ASA – Invitation to presentation about DOF Denmark, 18 December 2024

DOF Group ASA (“DOF”) is pleased to announce a contract award for IMR vessel and associated subsea services in the APAC region.

DOF Group ASA – IMR Vessel and Subsea Services Contract Award in APAC

DOF Group General Terms and Conditions for Purchase

Find links below for company-specific documents (PDF)

General Terms and Conditions

DOF Group ASA - Financial Report for 3rd quarter 2024

DOF Group ASA - Approval and publication of prospectus

Correction: Disclosure of large shareholding

DOF Group ASA – Shareholder disclosure notification

DOF ASA: Begjæring om Rekonstruksjon

DOF ASA: Petition for Reconstruction

OSLO BØRS - TRADING SUSPENSION

DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL PERIOD

DOF Contract and Fleet update

Disclosure of voting proxies for the Extraordinary General Meeting of DOF ASA 14 December 2022

DOF ASA: INNKALLING TIL EKSTRAORDINÆR GENERALFORSAMLING

DOF ASA: NOTICE OF EXTRAORDINARY GENERAL MEETING

DOF ASA: REQUEST FOR NEW EXTRAORDINARY GENERAL MEETING AND NEW LETTER FROM THE FINANCIAL CREDITORS