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Vitec Software Group B — Share Issue/Capital Change 2017
Jan 3, 2017
2988_rns_2017-01-03_060e7d2d-334d-44a0-b92f-1d914a05716c.pdf
Share Issue/Capital Change
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PRESS RELEASE DATE: 2017-01-03
Page 1 (1)
Vitec moves from Small Cap to Mid Cap on Nasdaq Stockholm
Vitec Software Group AB's class B share (VIT B) has moved from the Small Cap segment to the Mid Cap segment of Nasdaq Stockholm as a result of Nasdaq's annual review of market cap values on the Nordic markets. The Vitec shares trades in the Mid Cap segment as of January 2, 2017. The Mid Cap segment includes companies with a market capitalization between EUR 150 million and EUR 1 billion.
"Our market cap has increased by more than a factor of nine since July 4 2011 when we changed marketplace from AktieTorget to Stockholm NASDAQ Small Cap. Our long history, skilled employees, and good relations with customers and partners, have set the foundation for our growth. We look forward to continue to strengthen our position as a leading industrial player, determined to continue consolidate and streamline the software vertical industries in the Nordic region."- Lars Stenlund, CEO of Vitec Software Group AB (publ).
For more information, please contact Lars Stenlund, CEO Vitec Software Group AB (publ), mob. +46 70 659 49 39
Time for information The information will be made public at 13:00 CET on Tuesday, January 3, 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 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 490 employees and had 2015 a turnover of SEK 618 million. Vitec is listed on Nasdaq Stockholm.