Primary insiders' subscription in subsequent offering
Reference is made to the prospectus published 18 November 2011 and the currently ongoing subsequent offering in Dolphin Group ASA.
Chairman of the board Anne-Grete Ellingsen has today subscribed for a total number of 34,842 shares in the ongoing subsequent offering through Energy & Management AS. Energy & Management AS is controlled by Ms. Ellingsen and close associates. The subscription equals the number of preferential rights allocated to Energy & Management AS. Subsequent to the completion of the share issue Ms. Ellingsen directly and indirectly controls 159,842 shares in Dolphin.
Simen Thoresen, board member elected by the employees, has today subscribed for a total number 10,000 shares in the ongoing subsequent offering. Mr. Thoresen has been allocated 8,362 allocation rights in the offering. Subsequent to the completion of the share issue, Mr. Thoresen will hold 38,362 shares in Dolphin Group. This holding does not include (if any) allocated due to oversubscription. In addition he holds 25,000 options in the company.
Notification on the final allocation of shares to the primary insiders based on oversubscription will be given on or about 2 December 2011.
The share price in the offering is NOK 3.00 per share.
This information is subject of the disclosure requirements acc. to §5-12 (Norwegian Securities Trading Act).
For further information; please contact:
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).