Kitron: Allocation of options
21 October 2021 - 2:16AM
Kitron: Allocation of options
(2021-10-20) On 20 October 2021, the board of directors of
Kitron ASA (the "Company" or
"Kitron") resolved to issue 1,440,000 options,
whereof 70,000 options are re-allocated from Subprogram A
(2019-2022), 120,000 options are re-allocated from Subprogram B
(2020-2023) and 1,250,000 options are allocated from
Subprogram C (2021- 2024). Following the allocation of
options, there will be 80,000 options under Subprogram A
(2019-2022) which are not allocated and that may be re-allocated
subject to the decision by the board of directors.
The options are issued in accordance with Kitron's long term
incentive program 2019-2022 and the board of directors' guidelines
for remuneration of senior executives, as approved by Kitron's
annual general meeting held 21 April 2021.
The share option program and properties of the options are
described in note 19 and 27 in Kitron's annual financial statements
for 2020.
A total of 1,120,000 options are allocated to primary insiders
as follows:
* CEO and President Peter Nilsson received 270,000 options from
Subprogram C. After the allocation Peter Nilsson holds 1,030,000
options and 2,079,182 shares in Kitron.
* CFO Cathrin Nylander received 100,000 options from Subprogram
C. After the allocation Cathrin Nylander holds 370,000 options and
868,752 shares in Kitron.
* COO Kristoffer Asklöv received 50,000 options from Subprogram
A, 100,000 options from Subprogram B and 100,000 options from
Subprogram C. After the allocation Kristoffer Asklöv holds 250,000
options in Kitron.
* CTO Stian Haugen received 100,000 options from Subprogram C.
After the allocation Stian Haugen holds 220,000 options in
Kitron.
* MD Norway Hans Petter Thomassen received 100,000 options from
Subprogram C. After the allocation Hans Petter Thomassen holds
370,000 options and 431,770 shares in Kitron.
* MD Lithuania Mindaugas Sestokas received 100,000 options from
Subprogram C. After the allocation Mindaugas Sestokas holds 370,000
options and 316,978 shares in Kitron.
* MD Sweden Stefan Hansson Mutas received 100,000 options from
Subprogram C. After the allocation Stefan Hansson Mutas holds
370,000 options and 219,261 shares in Kitron.
* MD China Zygimantas Dirse received 100,000 options from
Subprogram C. After the allocation Zygimantas Dirse holds 370,000
options and 452,622 shares in Kitron.
Primary insider notifications pursuant to the market abuse
regulation article 19 are attached.
From Subprogram C, 250,000 options are allocated to an option
pool which can be allocated to local management teams and other
qualified people, subject to the terms and conditions set out in
the long term incentive program 2019-2022.
For further information, please contact: Tuomo Lähdesmäki,
Chairman of the Board of Kitron Tel.: +358-50-5879648 E-mail:
investorrelations@kitron.com
Kitron is a leading Scandinavian electronics manufacturing
services company for the Connectivity, Electrification, Industry,
Medical devices and Defence/Aerospace sectors. The company is
located in Norway, Sweden, Lithuania, Germany, Poland, China and
the United States. Kitron had revenues of about NOK 4.0 billion in
2020 and has about 1 800 employees. www.kitron.com
This information is subject to the disclosure requirements
pursuant to the market abuse regulation article 19 and section 5-12
of the Norwegian Securities Trading Act.
- KIT - Primary insider notifications October 2021 - Allocation
of options
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