Vitec Software Group AB
Vitec reduces dilution by redeemed convertible
Vitec Software Group AB 26.01.2015 08:30 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Vitec redeems the convertible debenture as Norrlandsfonden signed in 2008. The loan amounted to SEK 10 million, fixed rate of 3.9 % and a conversion price of SEK 35. Upon full conversion it would have resulted in a dilution of approximately 4.6 % of the capital and approximately 2.1 % of the votes in Vitec. Vitec now pays 37.1 million in cash on redemption. Norrlandsfonden has also granted a loan of SEK 25 million which runs for six years with straight-line amortization that will partly finance the repurchase. - We are pleased with the strong support and great trust that Norrlandsfonden has shown us during more than 25 years by funding our expansion of spin-off companies to publicly listed software group, says Lars Stenlund, CEO of Vitec. - Vitec is one of the companies with origin from Norrland that we at Norrlandsfonden actively have supported with financing since the company was founded. We are very excited about the positive developments that the company has had, and are pleased to have opportunities to continue to provide financing in the future, says Lars-Olov Söderström, CEO of Norrlandsfonden. Norrlandsfonden Norrlandsfonden is a foundation whose purpose is to, by participating in the financing, promotion of small and medium enterprises development in the Swedish counties Gävleborg, Västernorrland, Jämtland, Västerbotten and Norrbotten. For additional information, feel free to call: Lars Stenlund, President and CEO, Vitec Software Group, at: +46 70 - 659 49 39 Lars-Olov Söderström, President and CEO, Norrlandsfonden, at: +46 920 - 24 42 56 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 08:30 CET on Monday, January 26, 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: Box 7965, S-907 19 Umeå, Sweden. Phone +46 90 15 49 00 News Source: NASDAQ OMX 26.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Vitec Software Group AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0000514630 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden