Business
Change of Name
Change of Name.
About this update from Discoverie Group Plc
[{"type":"text","content":"\n \nRNS Number : 7863X Discoverie Group PLC 29 November 2017 \n\n29 NOVEMBER 2017\n \ndiscoverIE Group plc\n \nChange of name and ticker symbol\n \nFurther to the announcement yesterday regarding the name change to discoverIE Group plc (the \"Company\" or the \"Group\") from Acal plc, the Company confirms that it began trading its shares under the new name, and its new ticker symbol, DSCV, as of 8.00 am this morning. \n \nThe ISIN and SEDOL for the Company's shares remain unchanged and are GB0000055888 and 0005588, respectively.\n \nThis change reflects the transformation of the Group over recent years into a higher margin business focused on design and manufacturing, and more importantly, the future ambitions of the Board in this direction. \n \ndiscoverIE, or 'discover innovative electronics', emphasises the Group's focus on being a business that is highly differentiated, customised, and that enables customer solutions. The Group's operating business names, which customers know and rely on, remain unchanged, preserving trusted brands. \n \n \nFor further information please contact:\n \ndiscoverIE Group plc\n \n\n\n\n\nInstinctif (Financial PR)\n\n\n020 7457 2020\n\n\n\n\nMark Garraway\nHelen Tarbet\nJames Gray\n\n\n \n\n\n\n\n \n \nNotes to Editors:\n \nAbout discoverIE Group plc \n \ndiscoverIE (LSE: DSCV) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications. With effect from 28 November, the Company name changed from Acal plc (LSE: ACL).\nThe Group provides application-specific components to original equipment manufacturers (\"OEMs\") internationally. With in-house engineering capability, we design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of recurring revenue and long term customer relationships.\nBy focussing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.\nThe Group employs c.3,800...