DOF ASA – Tilbakekjøp av konvertible obligasjoner

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT.

DOF ASA – Tilbakekjøp av konvertible obligasjoner

Det vises til tidligere børsmeldinger vedrørende fortrinnsrettsemisjonen ("Fortrinnsrettsemisjonen") i DOF ASA ("DOF" eller "Selskapet") på 1 059 869 852 nye aksjer hver pålydende NOK 0,50 ("Tilbudsaksjene") til en tegningskurs på NOK 1,00 per Tilbudsaksjeaksje og (ii) utstedelsen av det nye subordinerte konvertible obligasjonslånet med pålydende verdi på NOK 1 032,5 millioner (det "Subordinerte Konvertible Obligasjonslånet").

Som beskrevet i innkallingen til obligasjonseiermøtet datert 21. juni 2016 og prospektet knyttet til Fortrinnsrettsemisjonen datert 8. juli 2016, ville DOF, som et ledd i refinansieringen, benytte provenyet fra Fortrinnsrettsemisjonen som overstiger NOK 850 millioner til å tilby å kjøpe tilbake obligasjoner i det Subordinerte Konvertible Obligasjonslånet ("Obligasjonene").

DOF har følgelig kjøpt tilbake Obligasjoner for totalt NOK 208 859 518 i det Subordinerte Konvertible Obligasjonslånet til pålydende verdi.

Umiddelbart etter oppgjøret for tilbakekjøpet vil Selskapet eie Obligasjoner med et totalt pålydende lik NOK 208 859 518 i det Subordinerte Konvertible Obligasjonslånet, tilsvarende ca. 20 % av det Subordinerte Konvertible Obligasjonslånet. De tilbakekjøpte Obligasjonene vil bli kansellert og det nye utestående beløpet under det Subordinerte Konvertible Obligasjonslånet vil deretter være NOK 823 640 482, som kan konverteres til totalt 823 640 482 nye aksjer i Selskapet. Etter gjennomføring av Fortrinnsrettsemisjonen er det 1,170,921,200 utstedte aksjer i Selskapet, som medfører at det på fult utvannet basis er 1 994 561 682 aksjer i Selskapet.

Obligasjonene i det Subordinerte Konvertible Obligasjonslånet kan konverteres på hvilket som helst tidspunkt frem til forfallsdatoen 6. juli 2021. For å utøve konverteringsretten må en obligasjonseier (i) gjennom sin megler eller kontofører i VPS overføre Obligasjonene ønsket konvertert til VPS-konto 06001.0444440 (tilhørende kontofører Nordea), og deretter (ii) sende følgende instruks til Nordea på e-post nis@nordea.com og DOF på cb@dof.no: a) Navn og VPS-kontonummer (som aksjene skal leveres til) og b) antall Obligasjoner som skal konverteres. Vennligst også se pressemeldingen "INFORMASJON TIL OBLIGASJONSEIERNE I KONVERTIBELT LÅN DOF ASA 2016/20121" publisert 5. august 2016 på www.newsweb.no, www.stamdata.no og www.dof.no.

Konverteringen av Obligasjonene vil bli gjennomført ved at Selskapet utsteder det aktuelle antall nye aksjer beregnet ved å dividere samlet pålydende verdi av Obligasjoner som skal konverteres med konverteringskursen (NOK 1,00). Obligasjoner som ikke er konvertert innen forfallstidspunktet 6. juli 2021 vil bli innløst av Selskapet ved å konvertere Obligasjonene til nye aksjer i Selskapet.

For ytterligere informasjon, vennligst kontakt:

CEO Mons Aase, tlf. +47 91 66 10 12

CFO Hilde Drønen, tlf. +47 91 66 10 09

IMPORTANT INFORMATION

This communication may not be published, distributed or transmitted in or into the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, South Africa or Japan. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities of the company (the "Shares") in the United States, Norway or any other jurisdiction. The securities mentioned herein, including the subscription rights to subscribe for Shares (the "Subscription Rights"), have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act"). Neither the Shares nor the Subscription Rights may be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Any sale in the United States of the Shares or the Subscription Rights mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the Securities Act pursuant to transactions exempt from, or not subject to, the registration requirements of the Securities Act.

Any offering of securities will be made by means of a prospectus to be published that may be obtained from the Company once published, and that will contain detailed information about the Company and its management, as well as financial statements. These materials are an advertisement and not a prospectus for the purposes of Directive 2003/71/EC, as amended (together with any applicable implementing measures in any Member State, the "Prospectus Directive"). Investors should not subscribe for any Shares or acquire any subscription rights referred to in these materials except on the basis of information contained in the prospectus.

In any EEA Member State other than Norway (from the time the prospectus has been approved by the Financial Supervisory Authority of Norway, in its capacity as the competent authority in Norway, and published in accordance with the Prospectus Directive as implemented in Norway) that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at "qualified investors" in that Member State within the meaning of Article 2(1)(e) of the Prospectus Directive ("Qualified Investors"), i.e., only to investors to whom an offer of securities may be made without the requirement for the Company to publish a prospectus pursuant to Article 3 of the Prospectus Directive in such EEA Member State.

In the United Kingdom, these materials are only being distributed to and are only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc) (all such persons together being referred to as "Relevant Persons"). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

DNB Markets, a part of DNB Bank ASA, Nordea Markets and Pareto Securities (the "Joint Lead Managers") are acting for DOF and no one else in connection with the rights issue and will not be responsible to anyone other than DOF for providing the protections afforded to their respective clients or for providing advice in relation to the rights issue and/or any other matter referred to in this communication.

This communication and any materials distributed in connection with this communication may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect DOF's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the risks and uncertainties to be set out in the prospectus.

Om oss

With a multi-national workforce in excess of 2,200 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 25 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, Argentine, Egypt, Angola, and Australia. DOF ASA is listed on the Oslo Exchange since 1997.

Abonner