Reference is made to company announcement No 90 of 23 August 2022, where the company announced its plan to buy own shares for a total maximum amount of NOK 8,000,000.
From 14 November until 16 November the company purchased 27,714 shares at an average price of 6.964 NOK. An overview of the transactions, and a detailed specification of each individual trade, are attached to this announcement and available at www.newsweb.no.
After these transactions, ECIT owns a total of 2,198,988 of own shares, corresponding to 0.486 % of ECIT's total registered share capital. Total number of shares acquired during the buy-back programme is 1,204,672. Weighted average share price 6.6408 for a total amount of 7,999,995. The buy-back program is now completed.
Transactions and specification overview.pdf
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
ECIT was founded in 2013 and support a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a well-proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. ECIT has a proforma revenue (2021) of 2.6 billion NOK and +2,200 employees across 10 countries. M&A has been a key driver of the Company's growth and ECIT has completed more than 130 acquisitions since 2013.
Read more at: www.ecit.com