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Vitec Software Group B — Major Shareholding Notification 2017
Sep 15, 2017
2988_iss_2017-09-15_dbe30883-d903-4d01-a3fd-d1acb52356e2.pdf
Major Shareholding Notification
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PRESS RELEASE
DATE: 2017-09-15
Page 1 (1)
Increased international ownership in Vitec
Vitec's main owners Olov Sandberg and Lars Stenlund announce today that they sold 300,000 Class B shares to institutional investors. The two main owners has sold equal number of shares and has taken place at current stock price. Olov Sandberg has converted 150,000 Series A shares to Series B before the sale. After reclassification and sales, the voting power of the two main shareholders in Vitec Software Group AB (publ) is 49.5%, compared with the previous 52.2% before reclassification and sales
"Over the last 4 years, Vitec's ownership has attracted increasing interest among international investors, which resulted in international ownership increasing from under 5 to over 20% of the company's capital. We see this as recognition for our business concept to grow through the acquisition of well-managed software companies in vertical markets in the Nordic region, "says both main owners.
For more information, please contact
Lars Stenlund, VD 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 10:15 CET on Friday, September 15, 2017.
VITEC • www.vitecsoftware.com • [email protected]
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 operate in the following segments; Auto, Education & Health, Energy, Environment, Estate Agents, Finance & Insurance and Real Estate. The Group has 580 employees and had 2016 a turnover of SEK 675 million. Vitec is listed on Nasdaq Stockholm.