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Holding(s) in Company

28 Jul 2014 17:35

RNS Number : 5470N
EU Supply PLC
28 July 2014
 



EU Supply plc

("EUS" or "the Group")

Holding in Company

EU Supply plc (AIM:EUSP), the e-procurement SaaS provider, announces that Amati VCT plc notified the Group today that it no longer has a notifiable interest in the ordinary shares of EUS due to dilution from the placing, announced 16 July 2014.

 

 

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"). At the same time, the Company raised £5.0 million before expenses mainly to fund expansion of its sales team, provide working capital for the Group and to repay borrowings, leaving the Group debt free on Admission.

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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