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Beskrivning

LandNorge
ListaEuronext Growth Oslo
SektorInformationsteknik
IndustriInfrastruktur
Ecit är verksamma inom teknikbranschen. Bolaget är specialiserade inom utveckling av SaaS-lösningar. Programvaran är egenutvecklad och används huvudsakligen inom IT och finans för exempelvis dokumenthantering och löneadministration. Kunderna består av företagskunder verksamma i ett flertal olika sektorer. Utöver huvudverksamheten erbjuds även diverse mervärdestjänster. Störst verksamhet återfinns inom Europa. Ecit grundades år 2013 och har sitt huvudkontor i Fornebu, Norge.
2023-11-09 07:55:00
Company announcement No. 200

ECIT AS ("ECIT" or the "Company") has decided to initiate a share buyback
program of up to 7,500,000 of its own shares. Under the share buyback program,
shares may be acquired for a total maximum amount of NOK 7,500,000. The program
shall be carried out in the period from this announcement and until 26 February
2024 at the latest.

The number of shares acquired per day shall not exceed 25 % of the average daily
trading volume in the 20 trading days preceding the relevant date of purchase.

The purpose of the program is to acquire shares that can be used as settlement
in the Company's incentive plan for employees, management and board members, as
announced in a separate stock exchange notice by the Company on 23 August 2022
in company announcement no 90. Furthermore, shares acquired under the program
may be applied as part settlement measure in ECITs acquisitions of companies
according to ECITs growth targets and general corporate purposes.

The share buybacks will be made in accordance with the authorization granted to
the board of directors by the Company's annual general meeting held on 28 March
2023.

The share buyback program will be carried out by way of repurchases on Euronext
Growth. ECIT has engaged SpareBank 1 Markets AS to carry out the share buyback
program on behalf of the Company. Sparebank 1 Markets AS will make its trading
decisions independently of, and uninfluenced by, ECIT.

The execution of any repurchases will depend on market conditions, the buyback
program may be discontinued at any time and the Company may resolve to terminate
the buyback program before the threshold set out above is reached.

The share buyback program will be carried out in accordance with the Market
Abuse Regulation (EU) No 596/2014 ("MAR") and the principles of Commission
Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation").


For further information, contact
Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942


About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll,
and IT services. ECIT has a proven model for acquisitions, combining proximity
to customers, local entrepreneurship and the strength of a larger international
group. ECIT has a full-year proforma revenue of 3.4 billion NOK per Q2 2023 and
more than 2,500 employees across ten countries. M&A has been key to drive the
Company's growth as ECIT has completed more than 130 acquisitions since 2013.
Read more at www.ecit.com.