Vitec Software Group AB: Increased international ownership in Vitec

10:15 / 15 September 2017 Vitec Press release

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

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.

Increased international ownership in Vitec

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Source: Vitec Software Group AB via Globenewswire


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