Kitron ASA Initiates Share Buyback Program for Board Remuneration

Kitron ASA, a leading Scandinavian electronics manufacturing services company, has initiated a share buyback program aimed at remunerating its board members. The company will repurchase up to 10,000 of its own shares, with a total maximum cost of NOK 950,000. The buyback is scheduled to take place between the announcement date and September 18, 2026.

According to the terms of the program, the buyback will be executed in accordance with the EC Commission Delegated Regulation (EU) No. 2016/1052, which provides exemptions from market manipulation for share programs. The purpose of the buyback is to acquire shares that will be used as part of the board members' remuneration for the period from April 2026 to April 2027, as resolved by the annual general meeting held on April 24, 2026.

Kitron ASA has engaged Norne Securities AS to carry out the share buybacks. The company's board of directors has been granted authorization to purchase up to 4,374,050 shares, with a minimum price of NOK 1 per share and a maximum price equal to the prevailing market price on the day the offer is made. The maximum price per share is capped at NOK 200. The authorization is valid until the annual general meeting in 2027, but no later than June 30, 2027.

All acquisitions under the buyback program will be executed on Euronext Oslo Børs. The company notes that the execution of any repurchases will depend on market conditions, and the program may be discontinued at any time. Kitron does not currently hold any of its own shares.

Kitron ASA, headquartered in Norway, operates in several countries including Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States. The company employs over 3,000 people and reported revenues of EUR 738 million in 2025.

The share buyback program is part of Kitron's ongoing efforts to manage its capital structure and align shareholder interests.