Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
Kitron: Issue of Shares Under Share Incentive Program
June 4, 2024 | KitronEstimated reading time: Less than a minute
Reference is made to Kitron ASA's previous disclosures regarding its share incentive program. Kitron has received exercise notices from the participants in the share incentive program and Kitron's board of directors has consequently resolved to issue 700,027 new shares. The shares are issued to the option holders at a strike price of NOK 0.10 per share pursuant to the board authorisation resolved in Kitron's general meeting held 25 April 2024.
In total, 1,250,000 options were exercised. In addition, Kitron has decided to convert 549,973 exercised options under the share incentive program against cash consideration. The cash consideration will be utilised to cover the tax cost for the option holders which will be subject to advance tax deduction by Kitron after exercise of the options. The conversion of options is made at NOK 33.30, which is equal to the closing price on Oslo Børs on 3 June 2024 less the strike price of NOK 0.10 per share.
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.