Reference is made to company announcement No 200 of 9 November 2023, where the company announced its plan to buy own shares for a total maximum amount of NOK 7,500,000.
From 19 February until 23 February the company purchased 79,161 shares at an average price of 7.20960 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 1,708,826 shares, corresponding to 0.367 % of the company`s total registered share capital.
Total number of shares acquired during the buy-back program is 983,272.
Weighted average share price NOK 7.62759 (rounded) for a total amount of NOK 7,499,993.58. The buy-back program is now completed.
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.
For further information, contact
Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942
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 revenue of 3.5 billion NOK per Q3 2023 and more than 2,500 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.
