Vitec’s CEO acquires 25,000 shares from the company's founder

Olle Backman, CEO of Vitec Software Group AB (publ) has today signed an agreement with the company's founder and chairman of the board Lars Stenlund to acquire 25,000 B shares.

After the acquisition, Olle Backman holds 35,000 Series B shares, convertibles corresponding to 516 Series B shares and warrants for 20,000 Series B shares. Following the transaction, Lars Stenlund holds 1,470,000 Class A shares, 82,715 Class B shares and warrants for 10,000 Class B shares.

For more information, please contact
Patrik Fransson, Investor Relations, Vitec Software Group AB (publ), [email protected], +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. 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.