DOLPHIN DRILLING AS – NOTICE OF EXTRAORDINARY GENERAL MEETING
Reference is made to the stock exchange announcement made by Dolphin Drilling AS ("DDRILL" or the "Company") on 30 May 2025 regarding the private placement of 29,764,440,000 new shares in the Company at a subscription price of NOK 0.01 per share (the "Subscription Price"), raising gross proceeds of NOK 297,644,400, equal to approx. USD 29 million (the "Private Placement"), and a potential subsequent share offering of up to 27,803,642,659 new shares at the Subscription Price.
The Company's board of directors (the "Board") hereby calls for an extraordinary general meeting to be held on 17 June 2025 at 11:00 CEST (the "EGM") in order to approve (i) a share capital decrease by reduction of the nominal value of the Company's shares, (ii) issuance of new shares in the Private Placement, (iii) granting an authorisation to the Board to issue new shares as compensation to the pre-committing investors in the Private Placement, and (vi) issuance of new shares in connection with the proposed Subsequent Offering. The EGM will be held electronically.
The EGM notice, including the Board's proposed resolutions, the notice of attendance and proxy forms, are attached to this notice and will be made available on the Company's website https://www.dolphindrilling.com/investor-relations.
Shareholders are encouraged to attend the EGM by casting their votes in advance or granting a proxy to the chair of the Board within 13 2025 at 16:00 CEST. Further details are found in the attached notice.
For further information, please contact:
Ingolf Gillesdal, CFO
Mob: +47 920 45 320
Mail: [email protected]
About Dolphin Drilling AS:
Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered, company which owns and operates a fleet of harsh environment mid-water & deep-water semisubmersible drilling rigs, capable of working worldwide.