Grant of share warrants/ Mandatory notification of Trade Primary Insiders

13 Jan 2023 15:49 CET

Company announcement No. 124

Reference is made to Company announcement No. 90, where the Board resolved to
implement an incentive plan (the "Incentive Plan") for employees, management and
board members of ECIT and its subsidiaries.

In connection with the share warrant programme, the following transactions have
been made by primary insiders “PDMRs” in ECIT:


Date PDMR Warrants granted
13.01.23 Pedro Fasting 93,750
13.01.23 Mikkel Walde 140,000
13.01.23 Klaus Jensen 275,000
13.01.23 Halvor Aspaas 140,000
13.01.23 Morten Yttreeide 140,000

After the abovementioned transactions, the following PDMRs total number of
shares (all share classes), including the shares owned by their closely
associated persons, are as follows:

Pedro Fasting 752,153 shares and 93,750 warrants
Mikkel Walde 15,804,569 shares and 140,000 warrants
Klaus Jensen 15,015,253 shares and 275,000 warrants
Halvor Aspaas 3,812,487 shares and 140,000 warrants
Morten Yttreeide 350,000 shares and 140,000 warrants

The share warrants will have a strike price of NOK 6.95 per share, based on a
volume weighted average price “VWAP” for the last 3 months up until the date of
offer. The terms for The Warrants Plan are as described in the “Incentive Plan”
in Company announcement no. 90.

The remaining incentive units described in the “Incentive Plan” will be
distributed later.


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 +2,300 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


For further information please contact

Iselin Paulsen, Head of Communication Mads Skovgaard, Group CFO
Iselin.paulsen@ecit.com mskovgaard@ecit.com
+47 901 40 166 +45 2780 4942

More information:
Access the news on Oslo Bors NewsWeb site

580159_13.01.23_PDMR_HalvorAspaas.pdf
580159_13.01.23_PDMR_KlausJensen.pdf
580159_13.01.23_PDMR_MortenYttreeide.pdf
580159_13.01.23_PDMR_PedroFasting.pdf
580159_ECIT_StockExchangeRelease_No 124_sent.pdf
580159_13.01.23_PDMR_MikkelWalde.pdf