Grant of share warrants / Mandatory notification of Trade Primary Insiders. Company announcement No. 243

Reference is made to Company announcement no. 90 on 23 August 2022, where the Board resolved to implement an incentive plan (the "Incentive Plan") for employees, management and board members of ECIT and its subsidiaries, and to Company announcement no. 237 on 21 March 2024, with minutes from the annual general meeting, with an increase in the incentive units.

In connection with the share warrant programme, the following transactions have been made by primary insiders “PDMRs” in ECIT:

Date                PDMR                          Warrants granted

11.06.24           Halvor Aspaas            110,000

11.06.24           Christian Bjørnstad      33,750

11.06.24           Pedro Fasting              84,375

11.06.24           Linda Forberg              142,500

11.06.24           Cato Holmsen             67,500

11.06.24           Klaus Jensen               247,500

11.06.24           Espen Karlsen              67,500

11.06.24           Peter Lauring              495,000

11.06.24           Thomas Plenborg        135,000

11.06.24           Mads Skovgaard        157,500

11.06.24           Mikkel Walde              150,000

11.06.24           Morten Yttreeide         110,000


After the abovementioned transactions, the following PDMRs total number of shares (all share classes), including the shares owned by their closely associated persons, are as follows:

Peter Lauring              42,618,068  shares and 1,540,000  warrants

Thomas Plenborg          2,102,129 shares and    420,000 warrants

Pedro Fasting                   752,153 shares and    262,500 warrants

Klaus Jensen               15,076,348 shares and    770,000  warrants

Espen Karlsen             25,000,000 shares and    210,000  warrants

Linda Forberg              1,081,481  shares and    535,000  warrants

Mads Skovgaard             562,500 shares and    490,000 warrants

Cato Holmsen              3,104,362 shares and   210,000  warrants

Christian Bjørnstad           375,000 shares and    105,000  warrants

Halvor Aspaas               4,851,139  shares and   376,000 warrants

Morten A. Yttreeide          380,000  shares and   376,000 warrants

Mikkel Walde              17,066,228 shares and   490,000  warrants

The share warrants will have a strike price of NOK 7.05 per share, based on a volume weighted average price “VWAP” for the last 3 months. The terms for The Warrants Plan are as described in the “Incentive Plan” in Company announcement no. 90.

Warrants have also been allocated to non-PDMRs, according to the terms in the “Incentive Plan” in Company announcement no. 90. The remaining incentive units described in the “Incentive Plan” will be distributed later.

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


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 3.7 billion NOK per Q1 2024 and more than 2,600 employees across ten countries. M&A has been key to drive the Company's growth as ECIT has completed more than 135 acquisitions since 2013. Read more at