Dof's bondholders have converted notes worth NOK 21m ($2.4m) into the company's shares.

A total of 2.1 million new shares have been issued at a conversion price of NOK 10.00 per share, which has raised Dof's share capital by NOK 10.5m.

As a result, the Oslo-listed company's market capitalisation has been raised to NOK 1.5bn,