DOF ASA: Court requested to open bankruptcy proceedings. Insolvency will not be contested by Board. Financial restructuring continues, ensuring continued operation of all other DOF group companies
Reference is made to DOF ASA's (the "Company", "DOF ASA" or "DOF", and together with its subsidiaries the "Group") previous announcements regarding (i) the agreement reached with a substantial group of financial creditors and certain other stakeholders (the "Restructuring Agreement") on a comprehensive financial restructuring (the "Restructuring"), (ii) the opening of reconstruction proceedings resolved by Hordaland district (the "Reconstruction") on 2 December 2022 and (iii) the last proposal for a restructuring plan made by the board of directors of DOF (the "Board") on 27 January 2023 (