Reference is made to the stock exchange announcement by ECIT AS ("ECIT" or the "Company") on 20 May 2021 where the Company announced the beginning of the stabilisation period following the private placement of new shares in the Company (the "Offering") in connection with the admission to trading of the Company's shares on Euronext Growth Oslo.
The Company has received a notification that Arctic Securities AS, acting as stabilisation manager in the Offering, has taken the stabilisation measures set out in the attached notifications with respect to the shares of the Company.
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 2.55 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 125 acquisitions since 2013. Read more at www.ecit.com