Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Grant Award

24th Feb 2017 07:00

RNS Number : 7346X
EU Supply PLC
24 February 2017
 

24 February 2017

EU Supply plc

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

 

Grant award

 

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has been awarded a grant from the European Union for the development of additional features to its CTM™ platform (the "Grant").

 

The Grant is expected to be worth up to €120,000 and to be received during 2017. It has been awarded for the development of certain additional features to the Company's CTM™ platform in order to meet new legislative requirements in the EU/EEC countries.

 

 

 

FURTHER ENQUIRIES

EU Supply PLC

Tel: 020 7127 4545

Thomas Beergrehn, CEO

Mattias Ström, 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 esourcing, 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 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 £2.061m (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.

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

Related Shares:

EUSP.L
FTSE 100 Latest
Value8,275.66
Change0.00