Vitec Software Group AB
Vitec has signed a SEK 250 revolving credit facility for acquisitions
Vitec Software Group AB 30.06.2015 13:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Vitec has in addition to existing credit facilities signed a SEK 250 million revolving credit facility with the bank Nordea. The agreement has a term of four years and the credit can be called up gradually. UMEÅ, SWEDEN, 2015-06-30 13:00 CEST (GLOBE NEWSWIRE) -- - Through the acquisition credit facility of SEK 250 million, we have secured capital that will allow us to continue the strategic plan to grow through acquisitions of vertical market software companies, says Lars Stenlund, CEO of Vitec Software Group. For further information please feel free to contact; Lars Stenlund, CEO, Vitec Software Group AB (publ.), Mob. +46 70 659 49 39 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 13:00 CET on Tuesday, June 30, 2015. Vitec Software Group (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. Vitec is listed on Nasdaq OMX Stockholm. Group turnover has an annual capacity of SEK 575 million and has approximately 400 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 News Source: NASDAQ OMX 30.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Vitec Software Group AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0000514630 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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