Reference is made to company announcement No 133 of 14 March 2023, where the company announced its plan to buy own shares for a total maximum amount of NOK 3,000,000.
From 23 March until 30 March the company purchased 66,933 shares at an average price of 7,076 NOK (rounded). An overview of the transactions, and a detailed specification of each individual trade, are attached to this announcement and available at www.newsweb.no.
After these transactions, ECIT AS owns a total of 2,762,484 shares, corresponding to 0.6100 % of the company`s total registered share capital.
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.
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
For further information please contact:
Mads Skovgaard, Group CFO
+45 2780 4942