APPROVED PROSPECTUS AND LISTING OF NEW SHARES
Oslo, Norway, 23 March 2012 - Dolphin Group ASA (OSE:DOLP)
Reference is made to the notice published by Dolphin Group ASA ("Dolphin" or the "Company") on 7 March 2012 regarding the completed private placement of new shares (the "Private Placement").
The Financial Supervisory Authority of Norway (Finanstilsynet) has today approved the following prospectus:
Listing on Oslo Børs of 50,000,000 new shares in Dolphin Group ASA issued in connection with a private placement of shares completed on 6 March 2012 at a subscription price per share of NOK 4.60, the Subsequent Offering of up to 3,000,000 Offer Shares at an Offer Price of NOK 4.60 per Offer Share with preferential rights for Eligible Shareholders as of 6 March 2012 that were not offered to subscribe in the Private Placement and the Employee Offering of up to 200,000 Offer Shares at an Offer Price of NOK 4.60 per Offer Share directed towards employees of Dolphin.
Subscription Period for the Subsequent Offering and the Employee Offering: 29 March - 12 April 2012 at 17:30 (CET), both dates inclusive. Preferential rights not used to subscribe for Offer Shares before the expiry of the Subscription Period will be of no value and will lapse without compensation to the holder.
Eligible Shareholders as of 6 March 2012, as registered in the VPS on 9 March 2012, have preferential rights to participate in the subsequent offering. Eligible shareholders will be notified in a letter with an overview of rights allocated. Oversubscription is allowed. Please refer to the prospectus dated 23 March 2012 for further details.
The prospectus and application form for the subsequent offering will be made available at the Company's website www.dolphingroup.no and at the websites of the managers, SEB Enskilda (www.sebenskilda.no) and DNB Markets (www.dnb.no/emisjoner).
The prospectus can also be received free of charge on request to the managers or the company.
Following the approval of the prospectus, all of the 50,000,000 issued shares in the private placement will be listed and tradable on Oslo Stock Exchange under the same ISIN and ticker code as the Company's other shares. Upon the issuance of the new shares, the Company has a total of 301,345,992 listed shares.
The Company's share capital is NOK 602,691,984 divided into 301,345,992 Shares each with a nominal value of NOK 2.00
This information is subject of the disclosure requirements acc. to §5-12 (Norwegian Securities Trading Act).
For further information; please contact:
Erik Hokholt, CFO
Mobile:+47 90 75 60 64
E-mail:erik.hokholt@dolphingeo.com
Ketil Sundal, VP Finance & IR
Mobile:+47 95 92 21 04
E-mail:ketil@dolphinics.com
Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO
Tel:+47 23 16 70 00
Fax:+47 23 16 71 80
www.dolphingroup.no
www.dolphingeo.com
Dolphin Group ASA has two main business areas; Dolphin Geophysical AS and Dolphin Interconnect Solutions AS. Dolphin Geophysical is a global full-range, asset light supplier of marine geophysical services and operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys and multi-client projects worldwide. Dolphin Interconnect is a global supplier of high performance solutions (hardware- and software) for the server and embedded systems market. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).
THIS PRESS RELEASE MAY NOT BE DISTRIBUTED IN, OR TO ANY PERSON RESIDENT IN THE U.S., CANADA, AUSTRALIA OR JAPAN OR TO ANY AMERICAN CITIZEN EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT OF 1933. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LEGISLATION.