Convertible for Vitec employees was subscribed to MSEK 14,1

The Extraordinary General Meeting of Vitec Software Group AB (publ), held on November 10 2014, resolved in issuing convertible bonds for Group employees to a maximum of SEK 25 000 000. Subscription and allocation is now closed. Convertible bonds were signed at a total of MSEK 14.070, conversion price is SEK 159. Convertibles were signed by about 22 per cent of the Group employees.


Umeå, Sweden, 2015-01-07 13:00 CET (GLOBE NEWSWIRE) --

For additional information, feel free to call;
Lars Stenlund, President and CEO, Vitec Software Group, at +46 70 659 49 39.

 

Disclaimer:
Vitec Software Group AB (publ) is to make the above information public pursuant to the Swedish Securities Market Act or the Swedish Financial Instruments Trading Act. The information will be made public at 13:00 a.m. CET on Wednesday, January 7, 2015.
 

Vitec Software Group (publ) is a software company that offers industry specific business applications on the Nordic market. The Company, with operations in Sweden, Norway, Finland and Denmark is growing in the mature part of the software industry by consolidating vertical software segments. Clients include facility management companies, construction and real estate companies, banks and insurance companies, utilities and energy traders, healthcare companies, car spare part dealers and newspaper companies. Vitec is listed on Nasdaq OMX Stockholm. Group turnover has an annual capacity of 575 million SEK and has approximately 400 employees. Vitec is listed on Nasdaq OMX Stockholm.

www.vitecsoftware.com   Address: PO Box 7965, S-907 19 Umeå, Sweden. Phone +46 90 15 49 00


Attachments

Pressrelease - Convertible 2014 for Vitec employees was suscribed to MSEK 14,1.pdf