Elettronica
Kitron - Allocation of options to executive management
( 2013-07-02) The board of directors of Kitron ASA (" Kitron ") has decided to allocate share options to executive management in accordance with the option program approved by the Annual General Meeting on 22 April 2013.
It has been allocated options to the following executive management:
Each option entitles to subscribe one share in Kitron. The options are allocated without consideration and with a strike price at NOK 0.10. The options have a vesting period of three years with full vesting at the end of the vesting period, provided that the following conditions are fulfilled:
The options shall be adjusted in case of certain amendments to the Kitron's share capital. All options shall be fully vested if a public offer is made for the shares in the Company.
After the allocation of options the mentioned persons have, together with related parties, the following holding of shares and rights to shares in the Company:
For further information please contact :
Asa-Matti Lyytinen, Chairman of the board of directors of Kitron ASA, tel.
+358 405 142 007 or e-mail
asamatti@hotmail.com
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.7 billion in 2012 and has about 1,200 employees. www.kitron.com
This information is subject of the disclosure requirements of the Norwegian Securities Trading Act section 5-12.
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