Share capital increase. Company announcement No. 77
In connection with the company buying shares in subsidiaries, the Board of Directors in ECIT AS resolved to increase the company’s share capital by NOK 564,289 by issuing 564,289 B-shares.
The shares are subject to a lock-up period of 48 months, and ECIT has a conditional buy-back option to the shares, which expires after 48 months.
The share capital will be increased from NOK 451,399,611 to 451,963,900
The price per share is NOK 8.00.
The distribution of shares will, after the capital increase, be as follows:
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 supports a large customer base with Accounting, Payroll and a broad range of IT services and solutions. ECIT has a well-proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of being a larger international group. ECIT has a proforma revenue (2021) of 2.55 billion NOK and +2,200 employees across 10 countries. M&A has been a driver of the Company's growth and ECIT has completed more than 125 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. She has over 20 years of experience from strategic communication and stakeholder management in public and private sectors and advises top management on communications, PR and 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