Conversion of share class. Company announcement 174

Reference is made to company announcement no. 166 of 26 June 2023.

69,275 B-shares in the company has been converted into 69,275 C-shares. The company’s articles of association have been updated accordingly.

The updated articles of association have now been registered in the Brønnøysund Register.

After the conversion, the company’s share capital of NOK 452,852,873 is divided between three share classes as follows:

- A-shares with a nominal value of NOK 1.00: 41,336,068
- B-shares with a nominal value of NOK 1.00: 343,764,574
- C-shares with a nominal value of NOK 1.00: 67,752,231

This is information that ECIT AS is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll, and IT services. ECIT has a proven model for acquisitions, combining proximity to customers, local entrepreneurship and the strength of a larger international group. ECIT has a full-year proforma revenue of 3.1 billion NOK per Q1 2023 and more than 2,300 employees across ten countries. M&A has been key to drive the Company's growth as ECIT has completed more than 130 acquisitions since 2013. Read more at

For further information please contact:
Mads Skovgaard, Group CFO
+45 2780 4942