Grant of share warrants / Mandatory notification of Trade Primary Insiders. 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
Iselin.paulsen@ecit.com
+47 901 40 166

Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942