12 May 2014 07:00
EU Supply plc
Publication of report & accounts and posting of Notice of AGM
EU Supply PLC (LSE AIM: EUSP), the e-procurement SaaS provider, is pleased to announce that its report & accounts for the year ended 31 December 2013 and notice of Annual General Meeting have been sent to shareholders and copies are available on the Company's website, www.eu-supply.com.
The Company's AGM will be held at 2.00pm on 11 June 2014 at the offices of Westhouse Securities, Heron Tower, 110 Bishopsgate, London EC2N 4AY.
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 6,500 European public sector bodies in 10 Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).
The Directors believe demand for e-procurement solutions in the EU public sector will grow as authorities seek to comply with expected legislation, reduce costs and seek better control and transparency of their procurement processes, therefore the Company is looking to recruit additional salespeople and bid management employees to market aggressively to prospective clients across the Member States.