Kitron - Allocation of options

Kitron - Allocation of options

(2015-10-20) In accordance with the resolution made by the general meeting held 22 April 2013, the Board of Kitron ASA ("Kitron") is authorized to issue a maximum of 5 485 000 options to management employees in Kitron. Yesterday the Board decided to re-allocate 1 360 000 options due to changes in management.

The options are allocated in accordance with the terms set out in the stock exchange announcement disclosed by Kitron on 2 July 2013.

The board has granted the following leading personnel options:

CEO and President Peter Nilsson received 276 000 options in addition to the 1 500 000 he has been granted previously. After the allocation Peter Nilsson holds 1 776 000 options and 175 000 shares in Kitron.

CFO Cathrin Nylander received 111 000 options in addition to the 600 000 she has been granted previously. After the allocation Cathrin Nylander holds 711 000 options and 95 000 shares in Kitron.

COO Israel Losada Salvador received 111 000 options in addition to the 600 000 he has been granted previously. After the allocation Israel Losada Salvador holds 711 00 options and 40 000 shares in Kitron.

Thomas Löfgren, Managing Director Kitron Sweden, received 92 000 options in addition to the 500 000 he has been granted previously. After the allocation Thomas Löfgren holds 592 000 options in Kitron.

Mindaugas Sestokas, Managing Director Kitron Lithuania, received 92 000 options in addition to the 500 000 he has been granted previously. After the allocation Mindaugas Sestokas holds 592 000 options in Kitron.

Tommy P. Storstein, Sales Director Kitron ASA, received 78 000 options in addition to the 425 000 he has been granted previously. After the allocation Tommy P. Storstein holds 503 000 options in Kitron.

Hans Petter Thomassen, Managing Director Kitron Norway, received 300 000 options. After the allocation Hans Petter Thomassen holds 300 000 options in Kitron.

Zygimantas Dirse, Managing Director Kitron China, received 300 000 options. After the allocation Zygimantas Dirse holds 300 000 options in Kitron.

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 Aerospace/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 1.75 billion in 2014 and has about 1 200 employees. www.kitron.com

This information is subject of the disclosure in accordance with section 5-12 of the Norwegian Securities Trading Act (Norwegian: verdipapirhandelloven).