Vitec Software Group AB (publ): Convertible bonds fully converted

The convertible bonds for Vitec employees with start January 2018 are fully converted.

The number of B shares has increased by 200,206, and the share capital increased by SEK 20,020.60. Total equity has increased by 21.2 MSEK. The total number of shares after conversion amounts to 32,773,422 of which 3,050,000 are Class A-shares.

The convertible program January 1, 2018 - December 31, 2020 was aimed at all employees in the Group.

For more information, please contact

Patrik Fransson, IR, Vitec Software Group AB (publ), mobile, +46 76 942 85 97

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 830 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1,156 million in 2019. Find more at www.vitecsoftware.com.