Espoo, Finland, 2011-03-25 07:48 CET (GLOBE NEWSWIRE) --
Dovre Group Plc Stock Exchange Bulletin March 25, 2011 at 8:45 a.m.
The change of Proha Plc’s name to Dovre Group Plc is effective from today, Friday, March 25, 2011.
The company’s trading code on NASDAQ OMX Helsinki changes accordingly from ART1V to DOV1V. Trading with the new code starts on Monday, March 28, 2011.
The name change is part of the Group’s new growth strategy, which was announced in February 2011. The name Dovre Group has been in use in the Group’s Oil & Gas Services division, which represented about 90% of the Group’s net sales in 2010. The name change supports the Group’s objective to build a global company brand.
Dovre Group is a global provider of project management services and software. Dovre Group consists of three divisions: Project Personnel, Consulting, and Software. In 2010, the Group’s net sales were EUR 71 million. Dovre Group employs over 400 people serving clients in 21 countries worldwide.
The new name was approved by the Annual General Meeting on March 17, 2011, and has been entered in the Finnish Trade Register today, March 25, 2011. The commercial name of the company in Finnish is Dovre Group Oyj and the parallel company name in English Dovre Group Plc and in Swedish Dovre Group Abp.
DOVRE GROUP PLC
Ilkka Toivola
CEO
More information:
Dovre Group Plc
Ilkka Toivola, CEO
Tel. +358 (0)20 436 2000
ilkka.toivola@dovregroup.com
ilkka.toivola@proha.com
www.dovregroup.com
www.proha.com
Distribution:
NASDAQ OMX Helsinki Ltd.
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