ECIT AS

Share capital increase

Share capital increase. Company announcement No. 71

Marcus Birk

With reference to ECIT AS purchasing shares in subsidiaries, hereinunder by
exercise of options under ECIT’s program to increase its ownership in
subsidiaries as described in section 7.3.4. in the Information Document (company
announcement no. 7), consideration for shares in subsidiaries is settled partly
with cash and partly by issuing new shares in ECIT AS.

In connection with the company buying shares in subsidiaries, the board of
directors in ECIT resolved to increase the company’s share capital by NOK
3,069,510 by issuing 327,837 B-shares and 2,741,673 C-shares.

The 2,741,673 C-shares are subject to a lock-up period of 48 months. 209,712
B-shares are subject to a lock-up of 48 months and 118,125 B-shares are subject
to a lock-up period of 12 months.

For the C-shares and the 209,712 B-shares, ECIT has a conditional buy-back
option which expires after 48 months.
The share capital will be increased from NOK 448,330,101 to 451,399,611.

The price per share is NOK 8.00.

The distribution of shares will, after the capital increase, be as follows:   


A-shares: 41,336,068
B-shares: 342,380,587
C-shares: 67,682,956

For further information please contact:
Thomas Dyhrberg, Group CFO
tdnielsen@ecit.com
+45 22 88 30 31

About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a 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 (2022) of 3.0 billion NOK and +2,300 employees across nine 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

Do you have any questions?

Feel free to contact Thomas

+45 22 88 30 31