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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.
2023-11-29 14:50:00
Company announcement No. 207

As stated in the company announcement 201 of 9 November 2023 ECIT is increasing
its ownership in subsidiaries by purchasing shares in subsidiaries.
Consideration for shares in subsidiaries is partly settled in cash and partly
settled with shares in ECIT AS. Cash consideration will be settled at the
respective transaction date for the purchase of the subsidiary shares, and the
consideration paid in ECIT AS shares will be settled during December 2023, at a
date yet to be specified.

In connection with ECIT purchasing shares in subsidiaries, the following
companies closely associated to primary insiders "PDMR" have, on 29 November
2023, accepted consideration in ECIT AS shares, and has thus acquired options to
purchase or subscribe shares in ECIT AS, as follows:

Date Buyer PDMR Number of
options
29.11.23 Mikkel Walde Holding ApS Mikkel Walde
1,251,849
29.11.23 Rodvang Holding AS Linda Forberg
81,481
29.11.23 Sewell AS Halvor Sewell
1,038,652

One option gives the right to subscribe or buy one B-share or C-share in ECIT AS
at a price per share of NOK 7.00. The shares shall be subject to a lock-up of
three (3) years. Consideration for the ECIT AS shares is to be offset against
payment for shares in subsidiaries.

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:

Mikkel Walde 15,814,379 shares, 340,000 warrants, and 1,251,849 buy options
Linda Forberg 1,006,635 shares, 392,500 warrants, and 81,481 buy options
Halvor Sewell 3,812,487 shares, 266,000 warrants, and 1,038,652 buy options

For description of "Warrants", reference is made to Company announcement no. 90
regarding incentive plan.


For further information please 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 3.5 billion NOK per Q3 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.