Company announcement No. 270
The Board of Directors has today resolved to increase the share capital in ECIT
AS by NOK 75,816,307 by issuing 75,816,307 B-shares at a nominal value of NOK
1.00
per share.
The price per share is NOK 10.00.
The shares are issued as settlement for ECIT AS debt to ECIT AS parent company
ECIT Bidco AS.
The share capital will be increased from NOK 465,007,773 to NOK 540,824,080. The
amendment to the Articles of Association in relation to the capital increase was
unanimously approved by the Board of Directors.
The capital increase will be registered in the Brønnøysund register.
The distribution of shares will, after the capital increase is registered, be as
follows:
A-shares: 41,336,068
B-shares: 428,748,350
C-shares: 70,739,662
DISCLOSURE REGULATION
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
Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942
About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll,
and IT services. ECIT has a proven model for acquisitions, combining proximity
to customers, local entrepreneurship, and the strength of a larger international
group. ECIT has a full-year proforma revenue of 3.8 billion NOK per Q3 2024 and
more than 2,500 employees across ten countries. M&A has been key to drive the
Company's growth as ECIT has completed more than 140 acquisitions since 2013.
Read more at www.ecit.com