Vitec Software Group AB (publ) (OM:VIT B) commences share repurchases on October 19, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2023. As per the mandate, the company is authorized to repurchase up to 446,086 class B shares. Shares will be acquired at a price within the price range applicable on Nasdaq Stockholm at the time, meaning the range between the highest purchase price and the lowest sale price.

The shares will be repurchased in order to secure deliveries of class B shares to participants in ESSP 2023 and to secure thereto connected costs for social security contributions. The authorization may be exercised on one or more occasions, but at the latest until the Annual General Meeting in 2024.