Kitron completes share placement, secures acquisition funding

Kitron ASA has completed a directed share issue, allocating 17,000,000 new ordinary shares at NOK 57.25 per share, raising approximately NOK 973.25 million in gross proceeds. The capital increase was based on an existing board authorization.

The net proceeds, approximately NOK 814 million, will primarily finance the acquisition of DeltaNordic AB, initially announced on November 19, 2025. Remaining proceeds will be used for general corporate purposes and to strengthen the company's balance sheet for future strategic opportunities.

Following registration, Kitron ASA's share capital will be NOK 21,640,285.90, divided into 216,402,859 shares. The board chose a directed issue over a rights issue to ensure efficient and timely equity financing at a lower cost and reduced completion risk. It deemed this to be in the company's and shareholders' best interest due to limited dilution and a modest discount to the closing price.