25 Sep 2014 07:00
25 September 2014
EU Supply PLC
("EU Supply", the "Group", or the "Company")
Holding(s) in Company
The Company was notified on 24 September 2014 that Adrian Friend has sold 295,000 warrants to subscribe for ordinary shares of 0.1p each ("Ordinary Shares") in the Company ("Warrants") to Jonas Ljungstrom with effect from 30 September 2014, being the final date for exercise of the Warrants. Mr Friend remains interested in 4,886,238 Ordinary Shares, representing 7.91 per cent of the Company's issued share capital.
For further information, please contact:
EU Supply PLC | via Newgate Threadneedle |
Thomas Beergrehn, CEO | |
Mark Elliott, CFO
| |
Westhouse Securities | Tel: 020 7601 6100 |
Tom Griffiths, David Coaten
| |
Newgate Threadneedle | Tel: 020 7653 9850 |
Caroline Evans-Jones, Josh Royston, Hilary Millar |
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 7,000 European public sector bodies in 10 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 on 13 November 2013 ("Admission") when the Company raised £5.0 million before expenses. More recently, in July 2014, the Company raised a further £1.35 million by way of a placing of new ordinary shares at 33p per share (the "Placing"), the proceeds of which were mainly used to strengthen the Company's balance sheet, provide working capital to support the growth of the business as it expands and aims to gain market share and to provide additional funds for sales and marketing.