Correction to the stock exchange notice (41) by ECIT AS on 3rd December 2021.
Excerpt from stock exchange notice (41):
"(…)the board of directors in ECIT has today resolved to increase the company’s share capital by NOK 608,148 through issue of 608,148 B-shares.
Shares issued under this transaction is subject to a 12-month lock-up period.
The ECIT-shares are valued as follows:
Transaction date | No. of shares | Price pr. share |
|
15.09.2021 | 29,195 | 9.34343 | NOK |
01.10.2021 | 262,340 | 9.38340 | NOK |
01.12.2021 | 316,613 | 8.10803 | NOK |
Average price per share for 608,148 B-shares equals NOK 8.71750. The price
corresponds to VWAP of ten (10) trading days before the transaction date less
6,5%. The transaction date is the date on where the options were exercised.
The share capital will be increased from NOK 445,455,134 to NOK 446,063,282.
The distribution of shares will, after the capital increase, be as follows:
• Class A, 41,336,068 shares.
• Class B, 339,785,931 shares.
• Class C, 64,941,283 shares."
The correction is as follows:
The board of directors in ECIT has on 3rd December 2021 resolved to increase the
company’s share capital by NOK 502,610 through issue of 502,610 B-shares.
Shares issued under this transaction is subject to a 12-month lock-up period.
The ECIT-shares are valued as follows:
Transaction date | No. of shares | Price pr. share |
|
15.09.2021 | 29,195 | 9.34343 | NOK |
01.10.2021 | 262,340 | 9.38340 | NOK |
01.12.2021 | 211,075 | 8.10803 | NOK |
Average price per share for 502,610 B-shares equals NOK 8.84548. The price
corresponds to VWAP of ten (10) trading days before the transaction date less
6,5%. The transaction date is the date on where the options were exercised.
The share capital will be increased from NOK 445,455,134 to NOK 445,957,744.
The distribution of shares will, after the capital increase, be as follows:
• Class A, 41,336,068 shares.
• Class B, 339,680,393 shares.
• Class C, 64,941,283 shares.
About ECIT
ECIT was founded in 2013 and supports a large customer base with Accounting, Payroll and a broad range of IT services and solutions. ECIT has a well-proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of being a larger international group. ECIT has a proforma revenue (2021) of 2.55 billion NOK and +2,200 employees across 10 countries. M&A has been a driver of the Company's growth and ECIT has completed more than 125 acquisitions since 2013.
Read more at: www.ecit.com
