Kitron: Allocation of options
October 25 2022 - 11:12AM
Kitron: Allocation of options
(2022-10-25) On 25 October 2022, the board of directors of
Kitron ASA (the "Company" or "Kitron") resolved to issue 1,250,000
options under Subprogram D (2022- 2025).
In addition, the board of directors has re-allocated already
issued options, whereof 10,000 options are re-allocated from
Subprogram B (2020-2023), and 265,000 options are re- allocated
from Subprogram C (2021-2024).
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 2021.
A total of 1,075,000 options are allocated to primary insiders
as follows:
* CEO and President Peter Nilsson received 225,000 options from
Subprogram D. After the allocation Peter Nilsson holds 905,000
options and 2,471,102 shares in Kitron.
* CFO Cathrin Nylander received 75,000 options from Subprogram
D. After the allocation Cathrin Nylander holds 295,000 options and
1,035,249 shares in Kitron.
* COO Kristoffer Asklöv received 100,000 options from Subprogram
D. After the allocation Kristoffer Asklöv holds 300,000 options and
101,561 shares in Kitron.
* CTO Stian Haugen received 75,000 options from Subprogram D.
After the allocation Stian Haugen holds 295,000 options and 51,561
shares in Kitron.
* MD Norway Hans Petter Thomassen received 75,000 options from
Subprogram D. After the allocation Hans Petter Thomassen holds
295,000 options and 470,062 shares in Kitron.
* MD Lithuania Mindaugas Sestokas received 75,000 options from
Subprogram D. After the allocation Mindaugas Sestokas holds 295,000
options and 418,978 shares in Kitron.
* MD Sweden Stefan Hansson Mutas received 75,000 options from
Subprogram D. After the allocation Stefan Hansson Mutas holds
295,000 options and 295,282 shares in Kitron.
* MD China Zygimantas Dirse received 75,000 options from
Subprogram D. After the allocation Zygimantas Dirse holds 295,000
options and 535,122 shares in Kitron.
* CEO BB Electronics Carsten Christensen received 75,000 options
from Subprogram D, 215,000 options from Subprogram C and 10,000
options from Subprogram B. After the allocation Carsten Christensen
holds 300,000 options and 51,561 shares in Kitron.
Primary insider notifications pursuant to the market abuse
regulation article 19 are attached.
For further information, please contact: Tuomo Lähdesmäki,
Chairman of the Board of Kitron Tel.: +358-50-5879648 E-mail:
investorrelations@kitron.com
About KitronKitron 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, India, 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 (http://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 notification October 2022
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