Kitron - Allocation of options

Kitron - Allocation of options

ID: 346216

(Thomson Reuters ONE) -


(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).

After this allocation of options, the Executive management have, together with
related parties, the following holding of shares and rights to shares in the
Company:

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).




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Kitron ASA via GlobeNewswire
[HUG#1864878]




Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
drucken  als PDF  an Freund senden  NOVA Chemicals' Notice of 2014 Third Quarter Earnings Release and Conference Call New CEO of Kitron assumes role on 10 November
Bereitgestellt von Benutzer: hugin
Datum: 22.10.2014 - 16:10 Uhr
Sprache: Deutsch
News-ID 346216
Anzahl Zeichen: 2696

contact information:
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Oslo



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