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Correction: Changes to share capital.  Company announcement No. 42

Dec 7, 2021 3:37:02 PM

Correction to the stock exchange notice (41) by ECIT AS on 3rd December 2021.

Excerpt from stock exchange notice (41):

"(…)the board of directors in ECIT has today resolved to increase the company’s share capital by NOK 608,148 through issue of 608,148 B-shares. 

Shares issued under this transaction is subject to a 12-month lock-up period.   

 

The ECIT-shares are valued as follows: 

Transaction date  

No. of shares  

Price pr. share  

   

15.09.2021  

29,195  

9.34343  

NOK  

01.10.2021  

262,340  

9.38340  

NOK  

01.12.2021  

316,613  

8.10803  

NOK  

 

Average price per share for 608,148 B-shares equals NOK 8.71750. The price
corresponds to VWAP of ten (10) trading days before the transaction date less
6,5%. The transaction date is the date on where the options were exercised.  

The share capital will be increased from NOK 445,455,134 to NOK 446,063,282. 

The distribution of shares will, after the capital increase, be as follows:   

• Class A, 41,336,068 shares.   
• Class B, 339,785,931 shares.   
• Class C, 64,941,283 shares."   


The correction is as follows:

The board of directors in ECIT has on 3rd December 2021 resolved to increase the
company’s share capital by NOK 502,610 through issue of 502,610 B-shares.

Shares issued under this transaction is subject to a 12-month lock-up period.

 

The ECIT-shares are valued as follows: 

Transaction date  

No. of shares  

Price pr. share  

   

15.09.2021  

29,195  

9.34343  

NOK  

01.10.2021  

262,340  

9.38340  

NOK  

01.12.2021  

211,075 

8.10803  

NOK  

Average price per share for 502,610 B-shares equals NOK 8.84548. The price
corresponds to VWAP of ten (10) trading days before the transaction date less
6,5%. The transaction date is the date on where the options were exercised.

The share capital will be increased from NOK 445,455,134 to NOK 445,957,744.

The distribution of shares will, after the capital increase, be as follows:

• Class A, 41,336,068 shares.
• Class B, 339,680,393 shares.
• Class C, 64,941,283 shares.


Any questions may be addressed to COO, Christine Lundberg Larsen,
 christine.larsen@ecit.com, +47 452 11 552  

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