(2016-11-02) Reference is made to Kitron ASA's (the " Company ") stock exchange announcement dated 25 October 2016 regarding the Company's board of directors' resolution to issue 3,230,986 new shares in the Company to executive personnel under the Company's share incentive program.
The share capital increase was registered with the Norwegian Register of Business Enterprises today. The Company's share capital is currently NOK 17,619,261.10 divided into 176,192,611 shares, each with a par value of NOK 0.10. Each share gives one vote at the Company's general meeting.
The new shares will be listed on Oslo Børs as of tomorrow, 3 November 2016. As described in the Company's stock exchange notification dated 25 October 2016, the new shares will be subject to lock up obligations which are gradually released over a period of two years.
For further information please contact:
Tuomo Lähdesmäki, Chairman Kitron ASA, Tel.: +358-50-5879648.
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.95 billion in 2015 and has about 1 250 employees. www.kitron.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.