
Mr. Ordin Husa has been appointed Managing Director of Roxar Software Solutions effective from 8 April 2008.
Roxar awarded NOK 45 mill subsea orders
Roxar ASA today announced the award of contract with StatoilHydro for its Permanent Downhole Monitoring Systems (PDMS) estimated to an annual value of NOK 20-40 million dependant upon annual activity level. The contract has a three times two year option period on top of the three base years.
Roxar`s Annual General Meeting will take place on May 30th, 2008 instead of May 6th, 2008 as previously announced.
As of March 19th, Roxar ASA now fulfils the requirements with respect to the balance between genders among the board members appointed by the employees.
The share capital of Roxar ASA was resolved to increase by the board in a resolution on 4th March 2008 in relation to a share issue directed towards the sellers of PolyOil Limited. Reference is made to the stock exchange notice of 6th March 2008.03.10
Roxar ASA has acquired 100% of the shares in the UK based company PolyOil Limited.
Please see the attached report and presentation of the 4th quarter results for Roxar ASA.
Roxar ASA`s fourth quarter results 2007 will be released on Thursday 28 February.
Roxar has during the 4th quarter of 2007 experienced slippage in one major software contract in the AsiaPacific region which the Company expected to close in December 2007.