Mandatory notification of trade primary insiders. Company announcement No. 35

On 01st of October 2021 Mikkel Walde Holding ApS, a company closely associated to PDMR Mikkel Walde acquired 138,390 shares in ECIT AS at a price NOK 9.38340 per share. After the abovementioned transaction Mikkel Walde’s total number of shares including the shares owned by his closely associated persons is 15,663,572 shares.   

The transaction was generated as a part of the program where the group increases the ownership in the subsidiaries. Described in paragraph 7.3.4 in the information document in the stock release number 7. 

There is a 12 month lock up for the shares and the price corresponds to VWAP for the last trading days before the transaction less 6.5%. 

About ECIT

ECIT was founded in 2013 and supports a large customer base with Accounting, Payroll and a broad range of IT services and solutions. ECIT has a well-proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of being 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 driver of the Company's growth and ECIT has completed more than 125 acquisitions since 2013.

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