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Share capital increase. Company announcement No. 92

Written by Iselin Paulsen
Aug 24, 2022 9:45:00 PM

The Board of Directors has today resolved to increase the share capital in ECIT AS by NOK 650,883 by issuing 650,883 B-shares at a nominal value of NOK 1,00 per share


 The price per share is NOK 8,00.

 The shares are issued as part settlement of acquisition of 50.1 % of Auto-Flow ApS, as described in company announcement number 80, and in connection to acquisition of shares in subsidiaries, as described in company announcement number 77.

564,289 B-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 remaining 86,594 B-shares are subject to a lock-up period of 12 months.

The share capital will be increased from NOK 451,399,611 to 452,050,494.

The share capital increase will be registered in the Brønnøysund Register.

 

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

A-shares: 41,336,068

B-shares: 343,031,470

C-shares: 67,682,956

DISCLOSURE REGULATION   
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
Iselin.paulsen@ecit.com
+47 901 40 166 

Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942

 


About ECIT

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 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.

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