10 April 2019

Bulletin from Vitec Software Group AB’s Annual General Meeting, April 10 2019

Approval of income statement and balance sheet

The Annual General Meeting (AGM) approved the income statement and balance sheet for the Parent Company and the consolidated income statement and consolidated balance sheet for 2018.


Dividend

The proposed dividend of SEK 1.20 per share was approved by the AGM. The record date for the dividend is Friday, April 12, 2019. Payment from Euroclear Sweden AB is expected Wednesday, April 17, 2019.


Discharge

Board members and the President were discharged from liability for the financial year 2018.


Board of Directors

In accordance with the proposal of the Nomination Committee, Crister Stjernfelt was re-elected Chairman of the Board of Directors. Anna Valtonen, Birgitta Johansson-Hedberg, Jan Friedman and Kaj Sandart were re-elected to the Board.


Directors' fees

The Meeting decided, in accordance with the Nomination Committee's proposal for an annual fee to the Chairman of SEK 270,000 and the other board members of the Board of SEK 135,000 each.


Auditor

The AGM re-elected PricewaterhouseCoopers AB, with Niklas Renström as responsible auditor, for the period up until the end of the AGM 2020.


Guidelines for remuneration to senior executives

In accordance with the Board's proposal the AGM approved the guidelines for remuneration to senior executives. Senior executives refer to the CEO and other members of management.


For more information, please contact

Patrik Fransson, Investor Relations

patrik.fransson@vitec.se

+46-76-9428597



About Vitec

Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows 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 650 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1 017 million in 2018. Find more at www.vitecsoftware.com.