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ECIT AS
Director's Dealing • Oct 17, 2024
3584_dirs_2024-10-17_75d8a56c-0ddc-4b25-9e40-ab8564221f2c.pdf
Director's Dealing
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Fornebu, 17 October 2024
Mandatory notification of trades by primary insiders and close associates
Company announcement No. 264
Reference is made to ECIT AS' ("ECIT" or the "Company") announcement no. 252 of 4 September 2024 regarding the launch of a recommended voluntary offer (the "Offer") from Olympus BidCo AS to acquire all outstanding B- and C- class shares in ECIT against NOK 10 per share settled in cash and/ or share consideration, as further described in the offer document dated 4 September (the "Offer Document").
Reference is further made to the stock exchange announcement no. 262 dated 17 October 2024, regarding the settlement notification for the Offer. As stated in the settlement notification, the settlement will take place no later than 7 November 2024.
The following persons discharging managerial responsibilities in ECIT (the "PDMR") and their closely associated persons (the "PCA"), as listed below, have accepted the Offer to sell all their shares in ECIT to Olympus Bidco AS at a price of NOK 10.00 per share and/or committed to sell or contribute their shares in ECIT to Olympus Bidco AS outside of the Offer at the same price per share. The transactions will be settled partly in cash, and partly by the sellers issuing a vendor loan to be converted to shares in Olympus TopCo AS (reinvestment), as described in Company's announcement No. 252 of 4 September 2024 and the Offer Document.
| Seller (PDMR or PCA) | PDMR | No. of shares sold/ share-class | |
|---|---|---|---|
| Peter Lauring | Peter Lauring | 1,172,000 | B-shares |
| Nykredit Pensjon | Peter Lauring | 320,000 | A-shares |
| Sophia Katarina GludLauring Peter Lauring | 10,000 | B-shares | |
| CGL Holding AS | Peter Lauring | 4,631,128 | A-shares |
| CGL Holding II AS | Peter Lauring | 36,384,940 | A-shares |
| CGL Holding II AS | Peter Lauring | 100,000 | B-shares |
| Plenborg Holding ApS | Thomas Plenborg | 2,093,129 | C-shares |
| Karl Emil Plenborg | Thomas Plenborg | 9,000 | B-shares |
| Pedro Fasting | Pedro Fasting | 2,500 | B-shares |
| Fasting & Comrades AS | Pedro Fasting | 749,653 | B-shares |
| Varner Kapital AS | Espen Karlsen | 25,000,000 | B-shares |
| Rodvang Holding AS | Linda Forberg | 1,081,481 | B-shares |
| Mile High Invest AS | Cato A. Holmsen | 3,104,362 | B-shares |
| Y-Not ApS | Klaus Jensen | 211,095 | B-shares |
| Y-Not ApS | Klaus Jensen | 14,840,253 | C-shares |
| Smilla Jensen | Klaus Jensen | 12,500 | B-shares |
| Elias Jensen | Klaus Jensen | 12,500 | B-shares |
| Altair AS | Christian Bjørnstad | 375,000 | B-shares |
| Jes Schjøtler | Jes Schjøtler | 750,000 | B-shares |
| Mads Skovgaard | Mads Skovgaard | 562,500 | B-shares |
ECIT AS
Company registration number: 912 040 801 Rolfsbuktveien 2, 1364 Fornebu, Norway +47 22 72 14 14 www.ecit.com [email protected]
| Mikkel Walde Holding ApS | Mikkel Walde | 279,742 | B-shares |
|---|---|---|---|
| Mikkel Walde Holding ApS | Mikkel Walde | 16,776,676 | C-shares |
| Sigrid H. S. Walde | Mikkel Walde | 6,055 | B-shares |
| Sofus H. S. Walde | Mikkel Walde | 3,755 | B-shares |
| Sewell AS | Halvor S. Aspaas | 4,851,139 | B-shares |
| Yttreeide AS | Morten A. Yttreeide | 380,000 | B-shares |
Please see the enclosed forms for further details about the transactions.
After the abovementioned transactions, no PDMRs or PCAs own any shares in ECIT. However, PDMRs, including PCAs, hold the following number of warrants to shares in ECIT (the "Warrants"):
| PDMR (incl. PCA) | No. of Warrants |
|---|---|
| Peter Lauring | 1,540,000 |
| Thomas Plenborg | 420,000 |
| Pedro Fasting | 262,500 |
| Espen Karlsen | 210,000 |
| Linda Forberg | 535,000 |
| Cato Andreas Holmsen | 210,000 |
| Klaus Jensen | 770,000 |
| Christian Bjørnstad | 105,000 |
| Mads Skovgaard | 490,000 |
| Mikkel Walde | 490,000 |
| Halvor Sewell Aspaas | 376,000 |
| Morten André Yttreeide | 376,000 |
For description of "Warrants", reference is made to Company announcement no. 90 regarding incentive plan.
For further information please contact
Mads Skovgaard, Group CFO [email protected] +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 fullyear proforma revenue of 3.8 billion NOK per H1 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 135 acquisitions since 2013. Read more at www.ecit.com.
This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.