Efecte Plc: Change in the holding of treasury shares

EFECTE PLC -- COMPANY ANNOUNCEMENT – 31 May 2019 at 09:00

Efecte Plc: Change in the holding of treasury shares

Efecte has conveyed 8640 treasury shares to the members of the Efecte's Board of Directors as a part of the Board members' annual remuneration in accordance with the decision of the Annual General Meeting on 4 April 2019. The amount of shares is based on the monthly remuneration decided by the Annual General Meeting and the average share price between 9 May and 15 May 2019.

Following the transaction, Efecte holds 36 113 shares in treasury.

Further inquiries:

Henriikka Åkerman

Chief Marketing and Strategy Officer

Efecte Plc

Certified Adviser:

Evli Bank Plc, tel 0

Efecte Plc

Efecte is a Finnish software company offering cloud-based Service Management solutions and related supportive professional services. With Efecte’s software, organizations can flexibly manage all internal and external services, for example, an IT, HR or finance department’s services, customer service and access rights. Efecte is one of the leading software vendors in its field for medium-sized and public organizations in Finland and the Nordic countries. The company was established in 1998 and is listed on the Nasdaq First North Helsinki marketplace. Efecte operates in Finland, Sweden, Germany, and Denmark. .