DNO International ASA - Clarification to 2008 Annual Report note 27
(Thomson Reuters ONE) - ("DNO" or "the Company")Reference is made to DNO's 2008 Annual Report, Note 27 and toarticles in Norwegian media today regarding the proceeds from thesale of treasury shares on 10 October 2008.This note describes the consideration received from the sale of43.873.960 treasury shares at a price of NOK 4 per share on 10October 2008. The sale contributed with NOK 175.3 million net afterstandard broker fees paid to our Norwegian broker.The shares were registered in two separate VPS accounts, and twosales notes were issued for NOK 169.7 million and NOK 5.7 million,respectively. Unfortunately the information in note 27 to the 2008Annual Report for 2008 by an error only reflected the first salesnote of approximately NOK 170 million. The correct figure for theinformation in note 27 is NOK 175.3 million.In the 2008 Annual Report, the sale of treasury shares has beenconsidered as an equity transaction, and has been accounted foraccordingly. NOK 175.3 million has been received by DNO and recordedas cash with a corresponding entry to equity.Although this is a minor correction which under normal circumstanceswould not call for a separate disclosure, DNO finds it appropriate toreport it to avoid further incorrect media speculation.DNO International ASA21 September, 2009Contact:Media:Helge Eide, MD DNO International ASA Telephone: +47 23 23 84 80Ketil Jørgensen, Crux Communication Telephone +47 930 36 866(Norway)Ben Willey, Buchanan Communications Telephone: +44 207 466 5000(UK)Investor Relations:Haakon Sandborg, CFO DNO International Telephone: +47 23 23 84 80ASAThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.09.2009 - 12:43 Uhr
Sprache: Deutsch
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