17 Jun 2016 07:00
17 June 2016
EU Supply plc
("EU Supply", the "Company" or the "Group")
Director Dealing
EU Supply PLC (LSE AIM: EUSP), the e-procurement SaaS provider, has been notified that, on 16 June 2016, Mr Thomas Beergrehn, Chief Executive Officer, purchased 1,400,000 ordinary shares of 0.1p each in the Company ("Share") at 4.25 pence per Share.
Following this purchase, Mr Beergrehn's total interest, held in his own name and by Internet Startups Holding BV, an investment company controlled by him, comprises 8,604,178 Shares, representing approximately 12.7 per cent of the Company's issued share capital.
FURTHER ENQUIRIES
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A copy of this announcement is available at www.eu-supply.com.
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.
Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.
The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.