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Friday, 15 September 2017

Vitec Software Group AB: Increased international ownership in Vitec

Vitec Software Group AB    

Published: 10:15 CEST 15-09-2017 /GlobeNewswire /Source: Vitec Software Group AB / : VIT B /ISIN: SE0007871363

Vitec Software Group AB: Increased international ownership in Vitec

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.

 

 

 

                                                                                                                          



Increased international ownership in Vitec



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Vitec Software Group AB, Tvistevägen 47, Umeå 907 19, Sweden
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