1 November 2017

Notice of Extraordinary General Meeting

Extraordinary general meeting of Vitec Software Group AB (publ) decided November 1, 2017 to issue a convertible bond for employees in Vitec.

Summary of decision;

  • The convertible bond is maximized to 2,500 debentures each at SEK 10,000.
  • The conversion rate is set at 120 % of the average market price of Vitec's share (B share) during the period 2-17 November 2017.
  • At full conversion, the number of shares is expected to increase by approximately 260,000. This corresponds to an increase in the share capital by SEK 26,000 and a dilution of approximately 0.9% of the share capital and about 0.4% of the votes.

Comprehensive decision
The total resolution of the AGM is available at the company's headquarters in Umeå. Minutes of the meeting can be found at www.vitecsoftware.com/en/ir/extraordinaryGM.

For more information, please contact
Patrik Fransson, Investor Relations
patrik.fransson@vitec.se
+46-76-9428597

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 16:00 CET on Wednesday, November 1, 2017.

About Vitec
Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec groves through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 600 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 675 million in 2016. Find more at www.vitecsoftware.com