Fornebu, 22 May 2023
Notification of trades. Company announcement No. 157
Reference is made to company announcement No 156 of 10 May 2023, where the company announced its plan to buy own shares for a total maximum amount of NOK 12,500,000.
From 10 May until 22 May the company purchased 183,138 shares at an average price of 7.7640 NOK. 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 2,410,049 shares, corresponding to 0.532 % 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 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 www.ecit.com