COMPANY NEWS
Dolphin has signed final time charter agreements with GC Rieber Shipping and Armada Seismic
Oslo, Norway, December 15, 2010 -- Dolphin Interconnect Solutions ASA (OSE: DOLP)
Reference is made to the stock exchange notice on 13 December where Dolphin Interconnect Solutions ASA ("Dolphin") announced a successful completion of an equity issue through to Norwegian and foreign institutional investors in a private placement (the "Private Placement") of new shares. The completion of the Private Placement was conditional up on approval of the Private Placement at an extraordinary general meeting to be held on 20 December, and that Dolphin enters into final and binding charter party agreements with GC Rieber Shipping and Armada Seismic regarding the lease of the seismic vessels Polar Explorer, Polar Duke and NB533. Dolphin has now signed final and binding agreements with the companies (GC Rieber Shipping and Armada Seismic) and the completion of the Private Placement is only conditional upon the shareholders' approval at the extraordinary general meeting.
There are no changes in the commercial terms and conditions compared to the letter of intent that was signed on 27 November.
For further information, please contact:
Atle Jacobsen
Chairman, Dolphin Interconnect Solutions ASA
Tel. + 47 977 15 336
Erik Hokholt
Board member, Dolphin Interconnect Solutions ASA
Tel. +47 907 56 064
Ketil Sundal,
CFO, Dolphin Interconnect Solutions ASA
Tel. + 47 959 22 104
Dolphin Interconnect Solutions ASA
Olaf Helsetsvei 6
0619 OSLO
www.dolphinics.com