Kitron ASA - Completed share buyback in connection with remuneration to the board members
12 May 2022 - 10:40PM
Kitron ASA - Completed share buyback in connection with
remuneration to the board members
(2022-05-12) Kitron ASA has completed share buyback in
connection with remuneration to the board members
Reference is made to the stock exchange release by Kitron ASA
("Kitron" or the "Company") published on 12 May 2022 regarding
initiation of a share buyback programme.
The Company has completed its share buyback programme. Norne
Securities AS has been engaged to carry out the buybacks on behalf
of the Company pursuant to the EU Market Abuse Regulation article
5.
The Company has acquired a total of 49 752 own shares at an
average volume weighted price per share of NOK 17.3071. A report of
all the transactions relating to the buy-back programme, in a
detailed form and in an aggregated form is attached.
The shares acquired is used as part of the remuneration to the
board members for the period from and including May 2022, and to
and including April 2023, as resolved by the annual general meeting
on 27 April 2022.
After the buyback by the Company, the shares were acquired by
the board members as follows:
- Tuomo Lähdesmäki (chairperson) has acquired 13 872 shares
- Gro Brækken (board member) has acquired 3 900 shares
- Espen Gundersen (board member) has acquired 3 900
shares
- Maalfrid Brath (board member) has acquired 3 900
shares
- Michael Lundgaard Thomsen (board member) has acquired
6 240 shares
- Petra Grandinson (board member) has acquired 6 240
shares
- Tanja Rørheim (board member) has acquired 3 900
shares
- Bjørn Martin Gottschlich (board member) has acquired 3 900
shares
- Jarle Larsen (board member) has acquired 3 900 shares
Primary insider notifications pursuant to the market abuse
regulation article 19 are attached.
After the buyback by the Company and acquisition by the board
members, Kitron does not own any shares in the Company.
For further information, please contact: Cathrin Nylander, CFO,
tel.: +47 900 43 284 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 group is located
in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech
Republic, China and the United States. Included the acquisition of
BB Electronics in January 2022, Kitron has about 2 800 employees,
and pro forma revenues were about NOK 5 billion in 2021.
www.kitron.com
This information is made public by the Company pursuant to the
EU Market Abuse Regulation article 5, as supplemented by Commission
Delegated Regulation (EU) 2016/1052, and is subject to the
disclosure requirements pursuant to Section 5-12 the Norwegian
Securities Trading Act.
- Primary insider notifications
- Report on repurchase transaction
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