13 December 2021

Conversion of A shares to B shares in Vitec

The number of shares and votes in Vitec Software Group AB (publ) has changed as a result of reclassification of shares of series A to shares of series B.

After the reclassification the total number of registered and outstanding shares in the company is 35,046,163 divided on 2,950,000 shares of series A and 32,096,163 shares of series B. The number of votes has decreased with 900,000 from 62,496,163 to 61,596,163.

In accordance with the conversion clause specified in the Articles of Association §5 Aktieslag has owner Lars Stenlund converted 100 000 shares of series A to the corresponding number shares of series B. After the conversion Lars Stenlund holds shares with voting rights of 24.04% and an equity of 4.50%.

For more information, please contact
Patrik Fransson, Investor Relations, Vitec Software Group AB (publ), patrik.fransson@vitecsoftware.com+46 76 942 85 97

Disclaimer
This information is information that Vitec Software Group AB (publ) is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication at 13:00 CET on December 13, 2021.

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. Vitec has 1,000 employees, is listed on Nasdaq Stockholm, and had net sales of SEK 1,313 million in 2020. Find more at www.vitecsoftware.com.