Brief: Vitec Acquires Software Company Olyslager Group

Vitec Software AB (publ)

04/11/2024 09:43

Nov 4 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * VITEC ACQUIRES THE SOFTWARE COMPANY OLYSLAGER GROUP B.V.
    * PAYMENT IN CASH AND CONVERTIBLE WITH DEVIATION FROM
SHAREHOLDERS' RIGHTS
    * OLYSLAGER REPORTED REVENUE OF €12 MILLION FOR 2023
    * ACQUISITION EXPECTED TO INCREASE EARNINGS PER SHARE
IMMEDIATELY
    * CONVERTIBLE MATURES IN 36 MONTHS WITH 0.1% DILUTIVE EFFECT
    * CONSOLIDATION TO COMMENCE AS OF ACQUISITION DATE

Source text:  ID:nMFNb8h60f 
Further company coverage:  VITb.ST 

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