DNO International ASA (Oslo Stock Exchange ticker DNO) on 31 October 2011 completed its open market partial tender offer for up to 54,500,000 DNO common shares.
Through the book building exercise DNO bought back 42,566,173 shares at a price of NOK 7.50 per share and a total cost of NOK 319,246,298. All shareholders with offer price at NOK 7.50 or below will be given full allocation.
The Company's stock of treasury shares after this transaction is 68,066,173 shares (7.17%).
Oslo, 1 november 2011
DNO International ASA
For further information, please contact:
Chief Financial Officer Haakon Sandborg
Phone: +47 23 23 84 80
Communication Director Tom Bratlie
Phone: +47 905 21 904
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)