Connect the Dots: Designing for Reality—The Physical Manufacturing Phases
Elementary, Mr. Watson: Pushing Design Boundaries
The Big Picture: Quality Front-end Engineering as a Core DifferentiatorKitron Initiates Share Buyback
May 13, 2024 | KitronEstimated reading time: 1 minute
Kitron ASA initiates a share buyback in connection with remuneration to the board members.
Kitron ASA has decided to initiate a share buyback program of up to 30,000 of its own shares for a total maximum amount of NOK 900,000. The buyback program may be carried out in the period from this announcement and until 16 May 2024.
The share buyback program will be carried out in accordance with the EC Commission Delegated Regulation (EU) No. 2016/1052 of 8 March 2016 regarding exemptions from market manipulation for share programs. The purpose of the buyback program is to acquire shares that can be used as part of the remuneration to the board members for the period from and including May 2024 to and including April 2025, as resolved by the annual general meeting on 25 April 2024.
The Company has engaged Norne Securities AS to carry out the share buybacks. The share buybacks will be made in accordance with the authorisation granted to the board of directors by the Company's annual general meeting held on 25 April 2024. According to the authorisation, up to 19,821,713 shares may be purchased at a minimum of NOK 1 and a maximum of the prevailing market price per share on the day the offer is made, provided, however, that the maximum amount does not exceed NOK 100 per share. The authorisation is valid until the annual general meeting in 2025, however no later than 30 June 2025.
All acquisitions under the buyback program will be executed on Euronext Oslo Børs. The execution of any repurchases will depend on market conditions, the buyback program may be discontinued at any time and the Company may resolve to terminate the buyback program before the threshold set out above is reached.
Share on:
Suggested Items
Kimball's Worldwide Headquarters Employees Donate Time to 'Dogs Day Out' Event
05/31/2024 | Kimball Electronics Inc.Recently, 15 employees from the Kimball Electronics World Headquarters donated work time to help the Dubois County Humane Society exercise their dogs during a "Dogs Day Out" event.
Foxconn Shareholders Approve Record Cash Dividend for 2023
05/31/2024 | FoxconnHon Hai Technology Group, at its annual shareholders’ meeting, approved its distributable earnings plan totaling NT$74.86 billion in cash. The cash dividend of NT$5.40 per share for 2023 sets a new high since Foxconn listed in 1991, with the cash dividend payout ratio exceeding 50% for the fifth consecutive year.
Real Time with… IPC APEX EXPO 2024: An Introduction to IPC's Validation Services
05/29/2024 | Real Time with...IPC APEX EXPORandy Cherry, director of IPC's Validation Services (VS) Program, sits down with Editor Marcy LaRont to discuss the program's global success and expansion, touching on the IPC-1791 Trusted Supplier and Cybersecurity List, the QPL/QML programs, and a newly introduced standard being developed in the automotive space. Randy also shares his upcoming travel plans to Australia and expresses his hope that the VS program will see much global growth in the coming months.
Jabil Reiterates Fiscal Year 2024 Guidance
05/24/2024 | JabilJabil Inc. announced it is confirming its previously provided third quarter of fiscal year 2024 guidance for net revenue of $6.2 billion to $6.8 billion, U.S. GAAP operating income of $221 million to $301 million, U.S. GAAP diluted earnings per share of $0.82 to $1.38, core operating income of $325 million to $385 million, and core diluted earnings per share of $1.65 to $2.05.
Ansys Stockholders Approve Transaction with Synopsys
05/24/2024 | ANSYSAnsys announced that at the special meeting of stockholders held earlier today, its stockholders voted to approve the proposed acquisition of Ansys by Synopsys, Inc.