DOF ASA (DOF) 🚢

TekBot · september 2, 2021, 6:50am

Contract award Skandi Achiever and restructuring update

DOF Subsea is pleased to inform that the diving support vessel Skandi Achiever
has been awarded a contract extension with Petrobras for ROV and diving services
until 4[th] quarter 2022.
…

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As disclosed in the 2[nd] quarter Financial Report, DOF Subsea has entered into
a settlement agreement with a secured lender, subject to certain conditions. All
conditions related to the settlement agreement has now been fulfilled. As a
result of the above agreement, the share of the secured lenders in DOF Subsea
Group (excl. DOF Subsea Brasil Ltda.) supporting the suspension agreements has
increased from 88% to 95%.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen tel. +47 91 66 10 09

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

TekBot · september 3, 2021, 11:29am

Flagging DOF ASA

TekBot · september 6, 2021, 6:24am

Flagging Dof ASA

TekBot · september 6, 2021, 6:30am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Prosafe SE (PRS) (since 05.11.2020)
…

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Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · september 6, 2021, 6:50am

Sale of vessel

DOF Subsea Rederi III AS, a wholly owned subsidiary of DOF Subsea AS, has
completed the sale of the CSV Skandi Neptune (built in 2001) to an international
buyer. The vessel will be delivered to the new owner in Q3 2022, after
…

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completing its current commitments.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen tel. +47 91 66 10 09

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

srh · september 7, 2021, 10:57am

Jeg må si jeg respekterer de som engasjerer seg i- og ivaretar egne interesser.

At småaksjonærer organiserer seg er etter mitt syn svært fornuftig i den hensikt å være en passiv aktør, men likevel med makt til å kunne blokkere «usolidariske løsninger». At slike grupper skal utøve noen aktiv «forretningsutvikling» er jeg derimot av flere grunner svært skeptisk til.

Edit:
Jeg tillater meg å presisere at bruk av begreper som “vern mot gribbeinvestorer” og annet aktiv motarbeidelse av nødvendige og helt riktige prosesser er del av det jeg IKKE støtter som del av slik arbeid- og organisering.

E24Bot · september 8, 2021, 4:46am

Likebehandling i Dof innebærer null til alle aksjonærer

E24Bot · september 8, 2021, 4:46am

Småaksjonærer i Dof går sammen: Vil unngå å bli skvist ut

srh · september 8, 2021, 5:12am

Likebehandling er intensjonen- og ingenting så langt peker på noen annet.
Likebehandling i Dof innebærer at alle får null

Her er det vel noen som tar feil!?

Interessant med reaksjonen skjønt.

Interested · september 8, 2021, 5:15am

Noen som vet når man kan tegne nye aksjer i dof?

Rodjer · september 8, 2021, 5:49am

Dette viser i hvertfall i klartekst at selskapet er ganske ille ute i motsetning til hva drømmerne på HO har predikert i månedsvis.

Og det skulle ikke være så vanskelig å skjønne at situasjonen er ille, når selskapet gjentar i alle sine rapporter at forhandlingene pågår, men er vanskelige og svært komplekse.

Utrolig spennende å se hva dette ender med, et alternativ som blir lite snakket om er selvsagt at de kan slås konkurs når som helst uten velvilje fra kreditorene.

Andyboi · september 8, 2021, 5:52am

Men et restrukturert DOF kan vise seg å bli et spennende offhore-case mtp. subsea-flåten deres .

srh · september 8, 2021, 5:55am

Alt for spennende til at konkurs kommer til å skje…

Rodjer · september 8, 2021, 5:56am

Absolutt, det er det ingen tvil om, helt enig.
Men, de er ikke der idag
Aksjen kan fortsatt ende under 10 øre når dem en dag blir ferdige, altså nada verdt ift idag.

srh · september 8, 2021, 6:06am

Aksjeverdien er med rette lav pt.
Rederiet har derimot store verdier, og som Møgster og/eller Møgsters kjøpere nok ikke er særlig villig til å miste mer enn absolutt nødvendig av.

aeee · september 8, 2021, 6:15am

Har ikke satt meg inn i det, men likebehandling handler vel i hovedsak om mulighet til tegne seg i en emisjon?

TekBot · september 8, 2021, 6:58am

DOF ASA: NOTIFICATIONS FROM MINORITY SHAREHOLDERS

Further to the notifications made by minority shareholders in DOF ASA (the
“Company”, and together with its subsidiaries the “Group”) and the press
coverage relating to such group of shareholders, DOF ASA would like to reiterate
…

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the information previously provided by the Company, that a robust long-term
financing solution is required for the Group to maintain its status as a going
concern. In the meantime the Group is dependent on continued standstill
agreements with its creditors. Based on the financial situation of the Group,
such solution is expected to require conversion of debt to equity, which
consequently will significantly dilute the current holders of the equity.

There are no market developments or changes of the outlook of the Group
justifying another conclusion, and the shareholders are urged to take this into
account when considering alternatives.

The restructuring solutions being discussed with the secured creditors of the
Group do not involve any element of new equity in the form of cash and no
inequal treatment of the shareholders of the Company is currently contemplated.

As previously informed, the dialogue with the lenders is complex, but
constructive. A refinancing solution is not yet in place, and no assurance can
at this stage be given that the Company will be able to find a solution with its
creditors.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen tel. +47 91 66 10 09

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

Andyboi · september 8, 2021, 7:07am

Kan ikke bli tydelig nok…

srh · september 8, 2021, 7:17am

Det er helt sikkert. Relativt umiddelbar reaksjon gjennom både media og børsmelding. Da kan det vel i alle fall fastslås at noen er bekymret- for noe

E24Bot · september 8, 2021, 7:24am

Dof advarer aksjonærene om betydelig utvanning