Kitron launches share buyback for board member pay

Kitron ASA has announced a share buyback program targeting up to 16,000 of its own shares, with a maximum total amount of NOK 900,000. The program runs from September 8, 2025, until September 12, 2025, and aims to acquire shares for board member remuneration for May 2025 through April 2026. This initiative aligns with an authorization granted at the annual general meeting on April 24, 2025.

Norne Securities AS will execute the buybacks on Euronext Oslo Børs. The authorization permits the purchase of up to 19,891,716 shares at a minimum of NOK 1 and a maximum of the prevailing market price, not exceeding NOK 100 per share. This authorization is valid until the annual general meeting in 2026, but no later than June 30, 2025.

Kitron ASA, a prominent Scandinavian electronics manufacturing services company, currently holds no own shares. The company reported revenues of €647m in 2024 and employs approximately 2,400 individuals. The share buyback program is subject to market conditions and may be discontinued at any time.