Changes to share capital registered

16 Jan 2023 15:53 CET

Company announcement No. 125

Reference is made to the stock exchange notice (122) by ECIT AS on December 15,
2022.

The share capital in ECIT AS is increased by NOK 802,379 through issue of
802,379 B-shares. The shares are subject to a 12-month lock-up.

The ECIT-shares are valued at NOK 8.00 (rounded) per share.

The shares are issued as part settlement of acquisition of 69.995 % of the
shares in Agidon A/S.

The share capital will be increased from NOK 452,050,494 with NOK 802,379 to NOK
452,852,873.

The share capital increase is now registered in the Brønnøysund Register.

The distribution of shares is as follows: 

A-shares: 41,336,068
B-shares: 343,833,849
C-shares: 67,682,956

DISCLOSURE REGULATION   
This information is subject to the disclosure requirements pursuant to
Section 5-12 of 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 +2,300 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

More information:
Access the news on Oslo Bors NewsWeb site

580224_ECIT_StockExchangeRelease_No 125_sent.pdf