Dolphin Drilling registers share capital increase for underwriter compensation

Dolphin Drilling AS announced on December 10, 2025, the registration of a share capital increase with the Norwegian Register of Business Enterprises. This registration pertains to the issuance of 1,365,156,818 new shares at NOK 0.011 per share. These shares, referred to as "Commission Shares," were issued to underwriters as compensation for their commitments in the company's private placement.

The private placement, initially announced on November 11, 2025, raised gross proceeds of NOK 151.5 million. The board of directors resolved to issue the Commission Shares on December 8, 2025. Following the registration, Dolphin Drilling's share capital now stands at NOK 477,724,074.92, with a total of 47,772,407,492 shares. The par value of each share remains NOK 0.01.

Dolphin Drilling AS, headquartered in Aberdeen and listed in Oslo, operates a fleet of harsh environment mid-water and deep-water semisubmersible drilling rigs globally.