Vitec Software Group AB: Personnel convertible 2018 - 2020 subscribed to SEK MSEK 20.8

Personnel convertible 2018 - 2020 subscribed to SEK MSEK 20.8

At the extraordinary general meeting of Vitec Software Group AB (publ) held on November 1, 2017, the board decided on a convertible bond program for employees with a maximum of 25,000,000 SEK. We have now completed subscription and assignment of personnel convertibles. The subscription amount is SEK 20,830,000 with a conversion rate of SEK 104. At full conversion, it corresponds to a dilution of the share capital of 0,68 % and 0,34 % of the votes.

"This is our ninth program and, as always our objective is to give employees a possibility to a long-term ownership in Vitec. It is therefore gratifying that we set a new record with more than MSEK 20 signed for", says Lars Stenlund, CEO Vitec Software Group

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 08:30 CET on Thursday, November 30, 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