Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Kitron Initiates Share Buyback
May 13, 2024 | KitronEstimated reading time: 1 minute
Kitron ASA initiates a share buyback in connection with remuneration to the board members.
Kitron ASA has decided to initiate a share buyback program of up to 30,000 of its own shares for a total maximum amount of NOK 900,000. The buyback program may be carried out in the period from this announcement and until 16 May 2024.
The share buyback program will be carried out in accordance with the EC Commission Delegated Regulation (EU) No. 2016/1052 of 8 March 2016 regarding exemptions from market manipulation for share programs. The purpose of the buyback program is to acquire shares that can be used as part of the remuneration to the board members for the period from and including May 2024 to and including April 2025, as resolved by the annual general meeting on 25 April 2024.
The Company has engaged Norne Securities AS to carry out the share buybacks. The share buybacks will be made in accordance with the authorisation granted to the board of directors by the Company's annual general meeting held on 25 April 2024. According to the authorisation, up to 19,821,713 shares may be purchased at a minimum of NOK 1 and a maximum of the prevailing market price per share on the day the offer is made, provided, however, that the maximum amount does not exceed NOK 100 per share. The authorisation is valid until the annual general meeting in 2025, however no later than 30 June 2025.
All acquisitions under the buyback program will be executed on Euronext Oslo Børs. The execution of any repurchases will depend on market conditions, the buyback program may be discontinued at any time and the Company may resolve to terminate the buyback program before the threshold set out above is reached.
Share on:
Suggested Items
India’s Wearable Device Market Dropped 20.7% in 3Q24
11/18/2024 | IDCAccording to International Data Corporation’s (IDC) India Monthly Wearable Device Tracker, India's wearable device market declined for the second consecutive quarter by 20.7% year-over-year (YoY) to 38 million units.
Smartphone Panel Shipments to Dip by 1.7% in 2025, with Chinese Manufacturers’ Share Expected to Exceed 70%
11/13/2024 | TrendForceTrendForce’s latest investigations reveal that while the overall smartphone market is projected to grow by just 3% in 2024, increased demand for refurbishes and second-hand devices is fueling growth in the smartphone panel market. Shipments this year are estimated to grow 6.7% YoY to reach 2.066 billion units.
Keytronic Announces Results For Q1 of Fiscal Year 2025
11/08/2024 | KeytronicFor the first quarter of fiscal year 2025, Key Tronic reported total revenue of $131.6 million, compared to $150.1 million in the same period of fiscal year 2024.
Sanmina Reports Q4 and Fiscal 2024 Financial Results
11/06/2024 | SanminaSanmina Corporation, a leading integrated manufacturing solutions company, reported financial results for the fourth quarter and fiscal year ended September 28, 2024 and outlook for its fiscal first quarter ending December 28, 2024.
Fabrinet Announces Q1 Fiscal Year 2025 Financial Results
11/06/2024 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, announced its financial results for its fiscal first quarter ended September 27, 2024.