Company announcement No. 175
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 21 July until 31 July the company purchased 176,000 shares at an average
price of 8.62409 NOK per share. 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 1,034,492 shares,
corresponding to 0.228 % of the company`s total registered share capital.
Attachments:
Transactions and specification overview.pdf
DISCLOSURE REGULATION
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.
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 2022 revenue of 3.1 billion NOK per Q1 2023
and more than 2,400 employees across ten countries. M&A has been key to drive
the Company's growth as ECIT has completed close to 140 acquisitions since 2013.
Read more at www.ecit.com.
For further information please contact:
Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942
