Cancellation of Subsequent Offering
Reference is made to the stock exchange notice of 22 April 2015 regarding the Subsequent Offering of up to 7 000 000 shares directed towards the Dolphin Group ASA's (“Company”) shareholders as of 21 April 2015 (as documented by the shareholder register in the Norwegian Central Securities Depository (VPS) on 23 April 2015) who were not given an opportunity to participate in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful or, (other than Norway) would require any filing, registration or similar action.
The Company has decided not to initiate the Subsequent Offering.
Since the completion of the Private Placement, Company shares have traded on the Oslo Stock Exchange, with a sufficient trading volume, and at prices below the Subsequent Offering of NOK 2.05. Shareholders therefore have had an extended period to neutralize the dilution effect of the offering by purchasing Company shares in the open market .
For further information, please contact:
Nina Midtlie, Group Financial Director
Mobile: +47 98 20 63 78
E-mail: nina.midtlie@dolphingeo.com
Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO
Dolphin Group ASA is the parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine geophysical services. Dolphin operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys, Multi-Client projects and processing services on a worldwide basis.
Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).