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Changes to share capital registered. Company announcement No. 85

Written by Iselin Paulsen
Jul 22, 2022 2:00:00 PM

Reference is made to the stock exchange notice (71) by ECIT AS on April 18th,

The amendment to the Articles of Association in relation to the capital increase of NOK 3,069,510 was unanimously approved at the Board meeting.

327,837 B-shares and 2,741,673 C-shares at par value NOK 8.00 are issued as settlement for a portion of the consideration for ECIT AS’ purchasing shares in subsidiaries.

The increase of share capital is now registered in The Brønnøysund Register Centre.

The share capital will be increased from NOK 448,330,101 to 451,399,611, by issuing of 327,837 B-shares and 2,741,673 C-shares, each with a nominal value of NOK 8,00.

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

A-shares: 41,336,068
B-shares: 342,380,587
C-shares: 67,682,956

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


About ECIT

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 Paulsen

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