Kitron Completes Acquisition of DeltaNordic

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Reference is made to the stock exchange announcement made by Kitron ASA on 19 November 2025 regarding the entering into agreement to, through its subsidiary Kitron Holding AB, acquire DeltaNordic AB. As disclosed in the said announcement, the purchase price for the shares in DeltaNordic AB will be partly settled by the issuance of SEK 150 million in Kitron shares.

In connection with the completion of the transaction, Kitron's board of directors has today resolved to issue 2,299,612 new shares to the sellers pursuant to the existing board authorization to issue new shares granted by the company's annual general meeting held on 24 April 2025.

1,192,927 of the consideration shares are subject to a lock-up period of 12 months, and 1,106,685 consideration shares are subject to a lock-up period of 6 months on the terms and conditions of the share purchase agreement.

Following registration of the share capital increase pertaining to the consideration shares with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 21,870,247.10 divided into 218,702,471 shares, each with a par value of NOK 0.10.