Global Sourcing Spotlight: Tariffs—The New Reality
Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
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
Microsoft to Lay Off 6,000 Workers Across All Departments
05/14/2025 | I-Connect007Microsoft announced on May 13 that it is cutting 3% of its workforce, which will affect 6,000 people across all levels, teams, and geographies. This, despite the fact that the company’s shares rose about 9% at the end of April, with better-than-expected results, with $25.8 billion in quarterly net income.
TTM Board of Directors Approves New $100 Million Share Repurchase Program
05/14/2025 | TTM Technologies, Inc.TTM Technologies, Inc. announced that its Board of Directors authorized a new share repurchase program allowing the Company to repurchase its outstanding common stock with an aggregate market value of up to $100 million from time to time through May 7, 2027.
Global SiC Substrate Revenue Declines 9% in 2024; Long-Term Demand Remains Strong as 8-Inch Roadmap Gains Momentum
05/12/2025 | TrendForceTrendForce’s latest research shows that weakening demand in the automotive and industrial sectors has slowed shipment growth for SiC substrates in 2024.
Keytronic Announces Results for Q3 of Fiscal Year 2025
05/12/2025 | KeytronicKey Tronic Corporation, a provider of electronic manufacturing services (EMS), announced its results for the quarter ended March 29, 2025.
Apple Announces Plans to Add AI Search to Safari, Potentially Threatening Google’s Ad Revenue
05/09/2025 | I-Connect007 Editorial TeamGoogle’s search engine dominance may be on the way out, after Apple announced on May 7 that it is “actively looking at” using artificial intelligence (AI)-powered search engines in its Safari browser.