Vitec Software Group B — AGM Information 2017

Apr 26, 2017

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AGM of Vitec Software Group AB (publ) was held on April 25 2017 in Umeå.

Dividend

The proposed dividend of SEK 1.00 per share was approved by the AGM. The record date for the dividend is Thursday, April 27 2017. Payment from Euroclear Sweden AB is expected Wednesday, May 3, 2017.

Adoption of income statement and balance sheet

The AGM adopted the income statement and balance sheet for the Parent Company and the consolidated income statement and consolidated balance sheet for 2016.

Discharge

Board members and the President were discharged from liability for the financial year 2016.

Board of Directors

In accordance with the proposal of the Nomination Committee, Crister Stjernfelt was re-elected Chairman of the Board of Directors. Anna Valtonen, Birgitta Johansson-Hedberg, Jan Friedman and Kaj Sandart were re-elected to the Board.

Directors' fees

The Meeting decided, in accordance with the Nomination Committee's proposal for an annual fee to the Chairman of SEK 250,000 and the other board members of the Board of SEK 125,000 each.

Auditor

The AGM re-elected PricewaterhouseCoopers AB, with Niklas Renström as responsible auditor, for the period up until the end of the AGM 2018.

Guidelines for remuneration to senior executives

In accordance with the Board's proposal the AGM approved the guidelines for remuneration to senior executives. Senior executives refer to the CEO and other members of management.

For more information, please contact

Lars Stenlund, CEO of Vitec Software Group AB (publ), tel. +46 70 659 49 39

Disclaimer

This information is of such a kind that Vitec Software Group AB (publ.) is legally required to disclose pursuant to the EU's Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at 09:30 CET on Wednesday, April 26, 2017.

VITEC • www.vitecsoftware.com • info@vitec.se

UMEÅ: TVISTEVÄGEN 47 A, 907 29 UMEÅ, SWEDEN. PHONE: +46 90-15 49 00

Vitec Software Group AB (publ) is a Nordic software company that develops and delivers standardised software for industry specific needs. The Group has operations in Sweden, Denmark, Finland and Norway and grows in the mature part of the software industry by consolidating vertical software segments. Our customers include facility management companies, construction and real estate companies, banks and insurance companies, utilities and energy traders, healthcare companies, car spare part dealers and waste management companies . The Group has 500 employees and had 2016 a turnover of SEK 675 million. Vitec is listed on Nasdaq Stockholm.