Vitec Software Group Board Resolves to Acquire Up to 200,000 Own Class B Shares

Vitec Software Group's board resolved to acquire up to 200,000 of its own class B shares on Nasdaq Stockholm, about 0.5% of all shares in the company, to secure delivery to employee share savings programs. TradingView reported the resolution on October 23, 2026.

Vitec's Buyback for Employee Share Programs

The board acted under an authorisation granted by the Annual General Meeting held on April 28, 2026. The purpose is to secure the delivery of class B shares to participants in the company's employee share savings programs, ESSP 2026 and Performance ESSP 2026, launched in May 2026, and to secure the related costs for social security contributions.

Acquisitions may be made on one or more occasions during the period up to the Annual General Meeting 2027. The board may decide on further acquisitions of own class B shares based on the 2026 Annual General Meeting authorisation. Acquisitions will be made on Nasdaq Stockholm under the Nordic Main Market Rulebook for Issuers of Shares, at a price within the range applicable on Nasdaq Stockholm at the time, between the highest purchase price and the lowest sale price. Payment will be made in cash.

An investment firm or credit institution will execute the acquisitions on behalf of Vitec Software Group, and completed acquisitions of class B shares will be reported to Nasdaq Stockholm under applicable rules. At the time of the press release, the total number of registered and outstanding shares was 39,890,291, divided into 2,490,000 class A shares and 37,400,291 class B shares. Vitec Software Group held 283,551 own shares at that time.

Vitec's Funding and Acquisition Record

According to akta.pro company records, Vitec Software Group issued SEK 700 million in senior unsecured notes under an MTN programme in February 2026, with SEB and Nordea as arrangers and stated use of proceeds to fund future vertical software acquisitions. The same records show the company acquired 80% of Polish software company NMG S.A. in October 2025, entering Poland as a seventh home market and adding energy management and industrial sector software. Vitec Software Group is a provider of vertical software headquartered in Umeå, Sweden, with 1,870 employees and net sales of SEK 3,633 million in 2025, according to the company.

Earlier Vitec Results and Analyst Moves

Vitec Software Group reported Q3 2026 net sales of SEK 909M, up 15% year-over-year, with EBITA of SEK 272M and a 29.9% margin, TradingView reported. Recurring revenue rose 13% to SEK 801M, and leverage fell to 2.15x from 2.22x. In July 2026, Stifel cut its price target for Vitec Software Group to SEK 500 from SEK 580, AInvest reported. Vitec Software Group reported Q2 2026 earnings with 15% total sales growth, driven mainly by an 11% increase in subscription revenue and 20% growth in transactional software revenue, Yahoo reported.

Vitec's Next Buyback Steps

The board may decide on further acquisitions of own class B shares based on the authorisation of the Annual General Meeting in 2026.