DOF ASA (DOF) 🚢

[Metallian]

Oslo (Infront TDN Direkt): Fearnley Securities oppjusterer kursmålet på DOF Group til 142 kroner, fra 131 kroner, og gjentar kjøpsanbefaling på aksjen.

Det fremgår av en analyse fra meglerhuset tirsdag.

Meglerhuset oppjusterer sitt ebitda-estimat for DOF Subsea med 3 prosent for 2025, mens for DOF Denmark nedjusterer meglerhuset sitt ebitda-estimat med 18 prosent for 2025.

“DOFG ligger an til å starte kvartalsvise utbytter på 0,3 dollar per aksje etter den pågående refinansieringen, tilsvarende 15 prosent årlig yield. Vi forventer at dette økes til 0,35 dollar pr aksje i 2026, tilsvarende 18 prosent yield”, heter det i oppdateringen.

Aksjen handles til attraktive multipler med en EV/EBITDA for 2025-26 på 4,0-3,0 ganger (justert for utbytte) og 0,66 ganger P/NAV ved utgangen av 2025, ifølge meglerhuset.

[Metallian]

Morgan Stanley: KJØP SUBSEA 7 – Forstår ikke kursfallet

Biter meg merke i denne kommentaren her:
" Ifølge analytikeren er den industrielle rasjonale bak avtalen helt tydelig: Det bygges ikke nye offshore E&C-fartøyer, noe som skaper en flaskehals i bransjen. For å levere økt arbeidsmengde må den eksisterende flåten optimaliseres gjennom fusjoner og oppkjøp.
«Hvis det ikke finnes nye fartøyer, er den beste måten å håndtere økt etterspørsel på å bli mer effektive og optimalisere flåten gjennom M&A,» skriver analytikeren."

[Metallian]

[TekBot]

DOF Group ASA - Contract award for FPSO installation project

DOF Group ASA (“DOF”) is pleased to confirm the award for an FPSO installation
project from an undisclosed client in the Atlantic region.

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DOF shall deliver project management, engineering, logistical services and
offshore execution. To carry out the installation duties, DOF shall utilize two
of its AHTS (Anchor Handling Tug Supply) vessels. The project is scheduled for
execution in Q2, 2025 in Africa.

The contract value is Significant, which DOF defines as a contract with value
between USD 15 million and 25 million.

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

About DOF:
DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern offshore/subsea vessels which is combined with strong engineering
capabilities to provide integrated offshore services globally.
www.dof.com

Kilde

[TekBot]

DOF Group ASA - Refinancing through the signing of USD 1,025m term loan and USD 50m revolving credit facility

The DOF Group (“DOF”) is pleased to announce the signing of a USD 1,025 million
senior secured term loan facility (the “Term Loan”) with a syndicate of ten
banks and a USD 50 million revolving credit facility (the “RCF”). The facilities
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will be used to repay existing debt and for general corporate purposes.

Highlights from the refinancing:

· Enables commencement of the previously communicated quarterly dividends,
starting with the contemplated USD 0.3 per share in Q2 of 2025.
· Simplifies group structure by collapsing several of the financial silos -
DOF Offshore Holding AS to become the holding company for vessel-owning entities
across the group, except for vessels owned in DOF Subsea Brasil, Norskan and the
DOFCON joint venture (50% owned) (“DOFCON JV”).
· Allows for a more efficient capital structure.
· Norskan and DOFCON JV to remain as separate financial silos with existing
financing at favourable terms.
· The interest margin for the Term Loan and RCF will be 290 bps for the first
twelve months. The margin will thereafter be subject to the Company’s leverage
as measured through NIBD / LTM EBITDA (the “Leverage Ratio”), with the following
margins for given thresholds: 325 bps for a Leverage Ratio exceeding 2.5x,
290bps for a Leverage Ratio between 2.5x and 2.0x, and 275bps for a Leverage
Ratio below 2.0x.
· The Term Loan has a five-year tenor and seven-year repayment profile.
· The facilities agreement includes an undrawn, uncommitted basket amount of
USD 200m for incremental facilities for specified purposes.
· The main covenants applicable under the facility agreement is maximum
Leverage Ratio of 3.25x until year end 2026 and 3.0x thereafter, positive
working capital and minimum liquidity (excluding Norskan, DOFCON JV and other
ringfenced subsidiaries) of the higher of USD 125 million or 5% of interest
-bearing debt.
· Dividend distributions from DOF Group ASA permitted subject to minimum
liquidity (excluding Norskan, DOFCON JV and other ringfenced subsidiaries) of
USD 150 million.
· Change of control clause triggered if anyone other than A.P Møller Holding
A/S (“APMH”) exceeds 1/3 ownership in DOF, or if APMH ownership in DOF is at any
time in the next 36 months reduced below 20%.
· Availability of the new financing is conditional upon satisfaction of
customary conditions.

Mons Aase, CEO DOF Group ASA, commented: “We appreciate the support from our
existing and new banks in connection with this refinancing. This loan
demonstrates access to competitive funding and is a testament to the strong
market position within offshore and subsea services the team at DOF has built.”

This information is considered to be inside information pursuant to the EU,
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act.

The information was submitted for publication by Martin Lundberg, CFO, on 18
March 2025 at the time set out above.

For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

About DOF:
DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern offshore/subsea vessels which is combined with strong engineering
capabilities to provide integrated offshore services globally.
www.dof.com

Kilde

[TekBot]

DOF Group ASA - Contract award for SURF project

DOF Group ASA (“DOF”) is pleased to announce the award for a SURF project in the
Atlantic region from an undisclosed energy company. The contract is defined as
Very Large, excluding any variation works.
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DOF shall under this contract deliver its full suite of project management,
engineering, logistical and execution services to install flexible flowlines,
risers, cables and associated subsea structures. DOF shall also install a
floating production unit on behalf of the client.

The project shall be executed across DOF’s offices in Aberdeen and Bergen, and
preparations is already well underway. Offshore execution is planned in second
half of 2025 and is expected to involve six DOF vessels and more than 450 vessel
days. The area of execution is Africa.

Mons Aase, CEO DOF Group ASA, said: “This contract further demonstrates the
confidence energy companies have in DOF to fast-track, manage and execute large
-scale marine operations for the installation of critical production
infrastructure. We are delighted with this award and eagerly anticipate the
opportunity to deliver on this project.”

DOF defines a Very Large contract as a contract with value between USD 100
million and 200 million.

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern vessels which is combined with strong engineering capabilities to
provide integrated services globally.

www.dof.com

Kilde

[TekBot]

DOF Group ASA - Contract extension for Skandi Buzios

DOF Group ASA (“DOF”) is pleased to announce that an extension to the PLSV
Skandi Buzios’ long-term contract has been signed with Petrobras.

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The existing contract has been extended from April 2025 to September 2026.

The Skandi Buzios PLSV is owned and operated by the JV DOF - TechnipFMC.

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern vessels which is combined with strong engineering capabilities to
provide integrated services globally.

www.dof.com

Kilde

[TekBot]

Disclosure of large shareholding

Oslo, 21 March 2025, Notification of trade

Geveran Trading Co. Ltd (“Geveran”) has today, 21 March 2025, acquired 325,000 shares in DOF Group ASA (the “Company”). Following the acquisition, Geveran owns 24,631,335 shares in the Company which represents a total of 10.0014 % of the Company’s issued shares and voting rights (based on 246,278,655 shares issued by the Company).
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This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act and is subject to the disclosure requirement pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

DOF Group ASA - Completion of refinancing

Reference is made to the stock exchange notice published on 18 March 2025 by DOF
Group ASA (“DOF”) regarding the signing of a USD 1,025 million senior secured
term loan facility and a USD 50 million revolving credit facility.
…

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DOF is pleased to announce that the conditions have been fulfilled and that the
refinancing has been completed today.

For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern vessels which is combined with strong engineering capabilities to
provide integrated services globally.

www.dof.com

Kilde

[TekBot]

DOF Group ASA - Fixed income investor meetings

31 March 2025: DOF Group ASA (“DOF”) has mandated DNB Markets and Pareto
Securities as Global Coordinators and Joint Bookrunners, and Clarksons
Securities and Danske Bank as Joint Bookrunners, to arrange a series of investor
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meetings commencing Monday 31 March 2025.

A new USD denominated 5-year senior unsecured bond issue may follow, subject to
inter alia market conditions.

The net proceeds from the contemplated bond issue shall be applied to refinance
existing debt and for general corporate purposes.

For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern vessels which is combined with strong engineering capabilities to
provide integrated services globally.

Kilde

[Metallian]

Kongsberg blir stor leverandør til nybygget Sea Dragon
https://bettingnorway.com/dofg-bestiller-nybygg-med-kongsberg-som-stor-underleverandor/

[TekBot]

DOF Group ASA - Annual Report 2024

The Board of Directors of DOF Group ASA (“DOF”) has approved the annual accounts
for 2024.

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The Integrated Annual Report for 2024 in PDF and European Single Electronic
Format (ESEF) are attached to this release and available at DOF’s website.

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

About DOF:
DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern offshore/subsea vessels which is combined with strong engineering
capabilities to provide integrated offshore services globally.
www.dof.com

Kilde

[TekBot]

DOF Group ASA - Mandatory notification of trade

DOF Group ASA (the “Company”) has been informed that Adrian Geelmuyden, member
of the board of directors, has purchased 6,000 shares in the Company as further
specified in the attached notification form. Following the transaction, Adrian
…

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Geelmuyden holds 16,000 shares in the Company.

This information is subject to the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

Kilde

[TekBot]

DOF Group ASA - Mandatory notification of trade

DOF Group ASA (the “Company”) has been informed that Kristin H. Holth, member of
the board of directors, has purchased 2,500 shares in the Company through her
related party Kricon AS as further specified in the attached notification form.
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Following the transaction, Kristin H. Holth holds 2,500 shares in the Company.

This information is subject to the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

Kilde

[Metallian]

Ukens oppdateringer OSV er foreløpig dominert av Dofg og insidekjøp og Fredriksen…
https://bettingnorway.com/osv-nyheter-uke-15-7-13-april-2025/

Er nok over 12% idag vil jeg tro

[TekBot]

DOF Group ASA - Subsea mooring installation contract award in the APAC region

DOF Group ASA (“DOF”) is pleased to announce a Substantial contract award for
subsea mooring installation services in the APAC Region. The contract will
utilise Skandi Hercules with related moorings and installation subsea services.
…

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The scope of work includes DOF’s in-house project management and engineering,
procurement and logistics support services.

Offshore execution in West Australian waters is scheduled in Q3 2025 with the
vessel engaged on the project for approximately 2 months.

Mons Aase, CEO DOF Group ASA, said: “The award secures substantial backlog for
the APAC region in the second half of 2025, and we look forward to delivering a
safe and successful project.”

DOF defines a Substantial contract as a contract with value between USD 25
million and 50 million.

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern vessels which is combined with strong engineering capabilities to
provide integrated services globally.

www.dof.com

Kilde

[Metallian]

Klare ikke dy meg fra å plukke litt her oå dette nivået, de har 80%+ av 25 solgt allerede og 3kr/kvartalet begynner bli voldsom pen utbytteprosent

[Metallian]

TAr denne her og, mye Dofg denne uken:
Snart ukeslutt, her er ukesoppdateringen så langt med bla Dofg kontrakt og økninger av JF, EIOFF kontrakt, DEME oppkjøp på 10mrd i norsk havvind, Brasil med nye leterunder (?), OSV-nybygg DFO, generalforsamling og børsnotering Solstad MAritime mm:
https://bettingnorway.com/osv-nyheter-uke-15-7-13-april-2025/

[Metallian]

Uken begynner med spennende nyheter fra Brasil vedrørende AHTS-anbudene, Dofg og Soff er med i racet med flere båter, særlig Dofg:

https://bettingnorway.com/osv-nyheter-uke-18-28-4-4-4-2025/

[TekBot]

DOF Group ASA - Notice of annual general meeting

The annual general meeting of DOF Group ASA will be held on Tuesday, 20 May 2025
at 12:00 CEST.

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The general meeting will be held digitally through Lumi. It will not be possible
to attend in person. Registration of attendance must be received no later than
19 May 2025 at 12:00 CEST. For digital participation, please use the link
https://dnb.lumiagm.com/196203609. Reference and PIN codes for the meeting are
available on VPS Investor Services, or on the form attached to the notice to the
individual shareholder. Shareholders may vote in advance, or submit a proxy,
with or without voting instructions, by 19 May 2025 at 12:00 CEST.

The notice is attached, and all relevant documents are available on DOF Group
ASA’s website: www.dof.com/agm2025.

The notice of the general meeting will be sent by post to shareholders who have
not given explicit consent for electronic communication of notices.

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

For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern vessels which is combined with strong engineering capabilities to
provide integrated services globally.

www.dof.com

Kilde