DOF ASA News

Reference is made to the stock exchange announcement dated 11 August 2016 regarding the new share capital of DOF ASA ('DOF' or the 'Company') following conversion of parts of the subordinated convertible bond issued on 5 August 2016 (the 'Subordinated Convertible Bond') to new shares in the Company.
The following primary insiders/close associates of primary insiders have today, 11 August 2016, converted bonds in the Subordinated Convertible Bond to new shares in the Company:
- Mons Aase, CEO, has via Moco AS converted bonds with an aggregate nominal value of NOK 6 250 000 to 6 250 000 new shares in the Company at a conversion price of NOK 1.00 per new share. Following the conversion, Moco AS holds (i) 14,844,184 shares in the Company, representing approximately 1.1% of the shares and votes in the Company, and (ii) no bonds in the Subordinated Convertible Bond.
- Hilde Drønen, CFO, has via Djupedalen AS converted bonds with an aggregate nominal value of NOK 750,000 to 750,000 new shares in the Company at a conversion price of NOK 1.00 per new share. Following the conversion, Djupedalen AS holds (i) 2,816,000 shares in the Company, representing approximately 0.2% of the shares and votes in the Company, and (ii) no bonds in the Subordinated Convertible Bond.
- Helge Singelstad, board member, has converted bonds with an aggregate nominal value of NOK 2,500,000 to 2,500,000 new shares in the Company at a conversion price of NOK 1.00 per new share. Following the conversion, Helge Singelstad holds (i) 2,512,000 shares in the Company, representing approximately 0.2% of the shares and votes in the Company, and (ii) no bonds in the Subordinated Convertible Bond.
As a result of the conversion, the shareholding of the Møgster family, including the chairman of the board Helge Møgster and board member Marianne Møgster, has been diluted to approximately 61.7% of the shares and votes in the Company. The shares of the Møgster family are held through Møgster Offshore AS and H. Møgster AS.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09

DOF ASA published this content on 11 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 August 2016 14:42:04 UTC.

Original documenthttp://www.dof.no/en-GB/Headlines/News-Item.aspx?Action=1&NewsId=2166&M=NewsV2&PID=596

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