Termination of group management
Reference is made to the previous market communications with respect to the restructuring efforts of Dolphin Drilling ASA ("DDASA"), and in particular the market communication of 12 April 2019 which set out the contemplated restructuring of its drilling business (as defined therein, the "Drilling Restructuring"). As contemplated by DDASA's secured lenders, the Drilling Restructuring will not include the management of DDASA. All of DDASA's key management is employed by Dolphin Drilling Management AS. On this basis, Dolphin Drilling Management AS has today given notice of termination to