EU Supply PLC Director/PDMR Shareholding (3312D)

TIDMEUSP

RNS Number : 3312D

EU Supply PLC

25 June 2019

25 June 2019

EU Supply plc

("EU Supply" or the "Company")

Directors' Dealing

EU Supply plc (LSE AIM: EUSP), the e-procurement SaaS provider, has been notified that on 25 June 2019, certain Directors of the Company converted loan notes of GBP1.00 each issued by EU Supply in accordance with the instrument dated 27 August 2015 constituting GBP1.649 million fixed rate secured convertible loan notes 2020 ("Convertible Loan Notes") into new ordinary shares of 0.1 pence each in the share capital of EU Supply at 11.7 pence per share ("Conversion Shares") as follows:

 
                          Previous           Conversion 
                      Shareholding       %       Shares   Current Shareholding       % 
 Thomas Beergrehn        9,229,237   12.9%    1,709,401             10,938,638   13.3% 
 Steffen Karlsson        1,637,267    2.3%      683,760              2,321,027    2.8% 
 David Cutler              552,477    0.8%          Nil                552,477    0.7% 
 Fredrik Wallmark           53,333    0.1%          Nil                 53,333    0.1% 
 

FURTHER ENQUIRIES

 
    EU Supply plc                  Tel: [phone] 
     Thomas Beergrehn, CEO 
     Fredrik Wallmark, CFO 
 
     Stockdale Securities           Tel: [phone] 
     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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June 25, 2019 04:52 ET (08:52 GMT)