Grant of share warrants/ Mandatory notification of Trade Primary Insiders

30 Jan 2023 19:40 CET

Company announcement No. 128

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
30.01.23 Thomas Plenborg 150,000
30.01.23 Peter Lauring 550,000

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:

Thomas Plenborg 0 shares and 150,000 warrants
Peter Lauring 42,347,672 shares and 550,000 warrants

The share warrants will have a strike price of NOK 7.01 per share, based on a
volume weighted average price “VWAP” for the last 3 months. The terms for The
Warrants Plan are as described in the “Incentive Plan” in Company announcement
no. 90.

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

580996_30.01.23_PDMR_Peter Lauring.pdf
580996_ECIT_StockExchangeRelease_No 128.pdf
580996_30.01.23_PDMR_Thomas Plenborg.pdf