Mandatory notification of trade – share buy-back program completed. Company announcement No. 120
Reference is made to company announcement No 114 of 17 November 2022, where the company announced its plan to buy own shares for a total maximum amount of NOK 4,000,000.
From 12 December until 13 December the company purchased 23,629 shares at an average price of 7.4 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.
Following the completion of the above transactions, ECIT owns a total of 2,737,168 of own shares, corresponding to 0.606 % of ECIT's total registered share capital.
Total number of shares acquired during the buy-back programme is 543,680. Weighted average share price 7.3573 for a total amount of 3,999,998. The buy-back program is now completed.
Transactions and specification overview.pdf
This is information that ECIT AS is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 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 +2,300 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