Kitron - Allocation of options

(2014-10-22) The board of directors of Kitron ASA ("Kitron") has decided to allocate 1 500 000 share options to the new CEO Peter Nilsson. Peter Nilsson will after the allocation have 1 500 000 share options in Kitron. Peter Nilsson owns no shares in Kitron. Peter Nilsson will join the option program on the same terms and conditions as the other participants in the program, which was approved by the Annual General Meeting on 22 April 2013 (see Stock market announcement on...

(2014-10-22) The board of directors of Kitron ASA ("Kitron") has decided to allocate 1 500 000 share options to the new CEO Peter Nilsson. Peter Nilsson will after the allocation have 1 500 000 share options in Kitron. Peter Nilsson owns no shares in Kitron.

 

Peter Nilsson will join the option program on the same terms and conditions as the other participants in the program, which was approved by the Annual General Meeting on 22 April 2013 (see Stock market announcement on 2013-07-02).

 

Executive	Position	Options	Shares
Peter Nilsson	CEO	1 500 000
Cathrin Nylander	CFO	600 000
Israel Losada Salvador	COO	600 000
Dag Songedal	MD Norway	550 000
Thomas Löfgren	MD Sweden	500 000
Mindaugas Sestokas	MD Lithuania	500 000
Tommy P. Storstein	Sales Director	425 000
Bengt Enbom	HR Director	400 000	10 000
[unallocated]		400 000
Total		5 475 000	10 000

 

For further information please contact:
Tuomo Lähdesmäki, Chairman, Tel.: +358-50-5879648.

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 1.6 billion in 2013 and has about 1,200 employees. www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).

Copyright GlobeNewswire

Regulatory News
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire


[HUG#1864878]