EUSP Eu Supply Plc

TIDMEUSP

RNS Number : 6328A

EU Supply PLC

30 May 2019

30 May 2019

EU Supply plc

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

Result of AGM

EU Supply (LSE AIM: EUSP), the e-procurement SaaS provider, is pleased to announce that at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed.

FURTHER ENQUIRIES

 
 EU Supply PLC                Tel: 020 7127 4545 
  Thomas Beergrehn, CEO 
  Fredrik Wallmark, CFO 
 
  Stockdale Securities         Tel: 020 7601 6100 
  Tom Griffiths, David Coaten 
 

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(TM) ("CTM(TM)") 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(TM) platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM(TM) 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 GBP2.061m (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. On 25 May 2018, the Company announced that it had raised a further GBP600k (before expenses) through a placing and subscription of new shares.

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END

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May 30, 2019 07:15 ET (11:15 GMT)

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