Espoo, Finland, 2015-05-28 14:10 CEST (GLOBE NEWSWIRE) --
Dovre Group Plc Stock exchange bulletin May 28, 2015 at 3:10 pm
Notification pursuant to Chapter 9, Section 10 of the Finnish Securities Market Act
Dovre Group Plc (Dovre Group) has today, May 28, 2015, received notifications from Global Group AS, Commuter AS, Erkki Etola and Etra Capital Oy, an entity controlled by Erkki Etola, as well as Ilari Koskelo and Navdata Oy, an entity controlled by Ilari Koskelo, pursuant to Chapter 9 Section 5 of the Finnish Securities Markets Act.
The notifications are due to a conditional merger agreement signed by Dovre Group and Norwegian Petroleum Consulting Group AS (NPC) on March 3, 2015. According to the agreement Dovre Group will receive 100% of the shares in NPC in exchange for 36,453,018 new shares in Dovre Group issued by a directed issue to the sellers’ of NPC. The transaction has been completed on the date of this flagging notification. As a result of the transaction, the total number of shares in Dovre Group has increased from 63,415,751 to 99,868,769.
The notification from Global Group AS includes the following information:
The total ownership of Global Group AS to shares and voting rights in Dovre Group exceeds 15% as its ownership of all shares and voting rights has increased to 18.25% of all shares and voting rights in Dovre Group, or 18,226,509 shares in total. Global Group AS held no shares or voting rights in Dovre Group prior to the transaction. Global Group AS is a limited liability company incorporated and existing under the laws of Norway and registered under the business identity code 988 453 196. Global Group AS is controlled by Ole Johan Olsen.
The notification from Commuter AS includes the following information:
The total ownership of Commuter AS to shares and voting rights in Dovre Group exceeds 15% as its ownership of all shares and voting rights has increased to 18.25% of all shares and voting rights in Dovre Group, or 18,226,509 shares in total. Commuter AS held no shares or voting rights in Dovre Group prior to the transaction. Commuter AS is a limited liability company incorporated and existing under the laws of Norway and registered under the business identity code 994 888 692. Commuter AS is controlled by Frank Ween.
The notification from Erkki Etola and Etra Capital Oy includes the following information:
Erkki Etola and Etra Capital Oy (business ID 2305147-6), an entity controlled by Erkki Etola, are not part of the transaction but following the directed issue to the sellers’ of NPC, the shareholding of Erkki Etola and Etra Capital Oy changes.
The total combined ownership of Erkki Etola and Etra Capital Oy of the shares and voting rights in Dovre Group falls below 20% as the new shares issued to the sellers’ of NPC dilute the proportion of all shares in Dovre Group currently held by Erkki Etola and Etra Capital. The total combined ownership of Erkki Etola and Etra Capital of all shares and voting rights in Dovre Group has decreased from 26.6% to 16.9%. The transaction has no effect on the total number of shares held by Erkki Etola and Etra Capital Oy (16,900,000 shares in total, 15,000,000 of which are held by Etra Capital Oy).
The notification from Ilari Koskelo and Navdata Oy includes the following information:
Ilari Koskelo and Navdata Oy (business ID 0752616-0), an entity controlled by Ilari Koskelo, are not part of the transaction but following the directed issue to the sellers’ of NPC, the shareholding of Ilari Koskelo and Navdata Oy changes.
The total combined ownership of Ilari Koskelo and Navdata Oy of the shares and voting rights in Dovre Group falls below 5% as the new shares issued to the sellers’ of NPC dilute the proportion of all shares in Dovre Group currently held by Ilari Koskelo and Navdata Oy. The total combined ownership of Ilari Koskelo and Navdata Oy of all shares and voting rights in Dovre Group has decreased from 6.9% to 4.4%. The transaction has no effect on the total number of shares held by Ilari Koskelo and Navdata Oy (4,374,385 shares in total, 1,300,000 of which are held by Navdata Oy).
For more information, please contact:
DOVRE GROUP PLC
Heidi Karlsson, CFO
tel. +358-(0)20-436 2000
heidi.karlsson@dovregroup.com
www.dovregroup.com
Dovre Group is a global provider of project management services. Dovre Group has two business areas: Project Personnel and Consulting. Dovre Group has offices in Norway, Canada, the US, Singapore, South Korea, the UAE, Russia, Finland and Sweden, and employs around 850 people worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V). Company web site www.dovregroup.com
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