Brief: Vitec Acquires Software Company Entry Event Sweden

Vitec Software AB (publ)

12/06/2023 08:25

June 12 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * VITEC ACQUIRES THE SOFTWARE COMPANY ENTRY EVENT SWEDEN AB
    * COMPANY HAD SALES OF MSEK 14 IN SPLIT FINANCIAL YEAR 2022
    * PAYMENT IS MADE IN CASH AND WITH A CONVERTIBLE DEBENTURE
WITH
DEVIATION FROM SHAREHOLDERS' PREFERENTIAL RIGHTS IN ACCORDANCE
WITH AUTHORIZATION FROM ANNUAL GENERAL MEETING APRIL 25, 2023
    * ACQUISITION IS EXPECTED TO DIRECTLY RESULT IN AN INCREASE
IN
EARNINGS PER SHARE FOR VITEC
    * CONSOLIDATION TAKES PLACE FROM DATE OF ACQUISITION

Source text for Eikon:  ID:nMFN6z7S0N 
Further company coverage:  VITb.ST 

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