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Appointments

2 Mar 2015 07:00

RNS Number : 1733G
EU Supply PLC
02 March 2015
 

2 March 2015

EU Supply plc

("EU Supply", the "Company" or "the Group")

 

Appointments

 

 

EU Supply plc (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has appointed a junior broker and contracted with an independent technology analyst in order to reach a wider investment audience.

 

SI Capital has been appointed as a non-exclusive broker, junior to Westhouse Securities Limited.

 

The Board of EU Supply expects the additional appointments will add liquidity to the Company's shares and broaden the company`s shareholding base.

 

FURTHER ENQUIRIES

EU Supply PLC

Tel: 02071274545

Thomas Beergrehn, CEO

Mattias Ström, CFO

Westhouse Securities

Tel: 020 7601 6100

Tom Griffiths, David Coaten

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 in November 2013 when the Company raised £5.0 million before expenses. In July 2014, the Company raised a further £1.35 million by way of a placing of new ordinary shares, 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.

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