EU Supply PLC Grant Award
February 24 2017 - 2:01AM
RNS Non-Regulatory
TIDMEUSP
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(TM) platform (the "Grant").
The Grant is expected to be worth up to EUR120,000 and to be
received during 2017. It has been awarded for the development of
certain additional features to the Company's CTM(TM) 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(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 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
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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