Mandatory notification of trade – share buy-back program completed. Company announcement No. 112
Reference is made to company announcement No 90 of 23 August 2022, where the company announced its plan to buy own shares for a total maximum amount of NOK 8,000,000.
From 14 November until 16 November the company purchased 27,714 shares at an average price of 6.964 NOK. An overview of the transactions, and a detailed specification of each individual trade, are attached to this announcement and available at www.newsweb.no.
After these transactions, ECIT owns a total of 2,198,988 of own shares, corresponding to 0.486 % of ECIT's total registered share capital. Total number of shares acquired during the buy-back programme is 1,204,672. Weighted average share price 6.6408 for a total amount of 7,999,995. The buy-back program is now completed.
Transactions and specification overview.pdf
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
For further information please contact:
Iselin Paulsen, Head of Communication
+47 901 40 166
Mads Skovgaard, Group CFO
+45 2780 4942
ECIT was founded in 2013 and support a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a well-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 +2,200 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
Iselin is Head of communication and media relations in ECIT Group, and assists with Investor Relations. Iselin is passionate about improving Nordic competitiveness through stronger emphasis on competencies, innovation and sustainability across private and public sector.Read more articles from Iselin Paulsen