Mandatory notification of trade- share buy-back program completed

16 Nov 2022 12:23 CET

Company announcement No. 112

Reference is made to company announcement No 90 of 23 August 2022, where the
company announced its plan to buy own shares for a total maximum amount of NOK
8,000,000.

From 14 November until 16 November the company purchased 27,714 shares at an
average price of 6.964 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 owns a total of 2,198,988 of own shares,
corresponding to 0.486 % of ECIT's total registered share capital.

Total number of shares acquired during the buy-back programme is 1,204,672.
Weighted average share price 6.6408 for a total amount of 7,999,995. The
buy-back program is now completed.

Attachments:
Transactions and specification overview.pdf

https://www.ecit.com/media/7148/ecit-transactions-overview-161122.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
Iselin Paulsen, Head of Communication Mads Skovgaard, Group CFO
Iselin.paulsen@ecit.com mskovgaard@ecit.com
+47 901 40 166 +45 2780 4942


About ECIT
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
(2021) of 2.6 billion NOK and +2,200 employees across 10 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

More information:
Access the news on Oslo Bors NewsWeb site

575887_ECIT transactions overview 16.11.22.pdf
575887_ECIT_StockExchangeRelease_No 112_sent.pdf