Share capital increase. Company announcement No. 51 With reference toECIT AS purchasing shares in subsidiaries, hereinunder by exercise of options under ECIT's program to increase its ownership in subsidiaries as described in section 7.3.4. in the Information Document (company announcement no. 7), consideration for shares in subsidiaries is settled partly with cash and partly by issuing new shares inECIT AS . Cash consideration has been settled at the respective transaction dates, as stated below, while consideration to be settled in B-shares inECIT AS is settled through this capital increase. In connection with the option program, the board of directors in ECIT has today resolved to increase the company's share capital byNOK 1,403,743 through issue of 1,403,743 B-shares. The ECIT-shares are valued as follows: Transaction date No. of shares Price pr. share NOK Lock-up-period 31.12.2021 100,000 8.14034 36 months 10.01.2022 1,303,743 7.48000* no lock-up * This price is agreed to correspond to VWAP ofDecember 2021 less 6,5%, however VWAP may not be calculated as less thanNOK 8.00 per share. The price per share therefore corresponds toNOK 8.00 per share less 6,5% The average price per share equalsNOK 7.52704 . The share capital will be increased fromNOK 446,926,358 toNOK 448,330,101 . The distribution of shares will, after the capital increase, be as follows: o Class A, 41,336,068 shares. o Class B, 342,052,750 shares. o Class C, 64,941,283 shares. About ECIT ECIT was founded in 2013 and support a large customer base delivering Accounting & Payroll (F&A) and a broad range of IT services. ECIT has a proforma 2020 revenue of overNOK 2 billion and plus 2,100 employees across 9 countries. M&A has been a key driver of the Company's growth and ECIT has completed more than 100 acquisitions since 2013. For more information about ECIT, please visit www.ecit.com. Any questions may be addressed to COOChristine Lundberg Larsen , christine.larsen@ecit.com, +47 452 11 552
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