6 Sep 2017 07:00
6 September 2017
EU Supply plc
("EU Supply", the "Company")
Director's Dealings
EU Supply (AIM: EUSP), the e-procurement software provider, announces that on 5 September 2017, Thomas Beergrehn, Chief Executive Officer of the Company, transferred 1,879,471 ordinary shares of 0.1 pence each in the share capital of the Company ("Ordinary Shares") held in his own name to Internet Startups Holding B.V, a company wholly owned and controlled by Mr Beergrehn, at a price of 20 pence per Ordinary Share.
Following this transaction, there is no change to Mr Beergrehn's beneficial interest in the Company, which remains at 8,980,903 Ordinary Shares (13.3 per cent. of the issued share capital of the Company).
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 e-sourcing, 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 8,000 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.