Nordea Small Cap Fund increases in Vitec

The sale, which is jointly made by Lars Stenlund and Olov Sandberg, amounts to 500,000 B shares. After reclassification and sales, the sum of the two main shareholders voting in Vitec Software Group AB (publ) is 52.3 %, compared with the previous 56.3 % before reclassification and sales.

- We are pleased to have found a long-term oriented and recognized Swedish institutional owner of Vitec and believes that it benefits all shareholders in Vitec, says the two principal owners.

- Vitec is an interesting growth company with a well-chiseled business strategy that has proven to work well and thereby create shareholder value over time, which fits well into our investment philosophy, says Mats J Andersson, manager at Nordea Small Cap Fund.
 

For more information, please contact
Lars Stenlund, VD Vitec Software Group AB (publ), phone: +46 70 659 49 39
Mats J Andersson, Nordea Small Cap Fund, phone: +46 010 156 56 32
Björn Henriksson, Nordea Small Cap Fund, phone: +46 8 579 420 53
 

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 14:15 CET on Wednesday 24, 2016.

Vitec Software Group AB (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. Group turnover has an annual capacity of 670 million SEK and has approximately 450 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.