(2014-10-22) The board of directors of Kitron ASA ("Kitron") has decided to allocate 1 500 000 share options to the new CEO Peter Nilsson. Peter Nilsson will after the allocation have 1 500 000 share options in Kitron. Peter Nilsson owns no shares in Kitron.
Peter Nilsson will join the option program on the same terms and conditions as the other participants in the program, which was approved by the Annual General Meeting on 22 April 2013 (see Stock market announcement on 2013-07-02).
| Executive | Position | Options | Shares |
| Peter Nilsson | CEO | 1 500 000 | |
| Cathrin Nylander | CFO | 600 000 | |
| Israel Losada Salvador | COO | 600 000 | |
| Dag Songedal | MD Norway | 550 000 | |
| Thomas Löfgren | MD Sweden | 500 000 | |
| Mindaugas Sestokas | MD Lithuania | 500 000 | |
| Tommy P. Storstein | Sales Director | 425 000 | |
| Bengt Enbom | HR Director | 400 000 | 10 000 |
| [unallocated] | 400 000 | ||
| Total | 5 475 000 | 10 000 |
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 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 1.6 billion in 2013 and has about 1,200 employees. www.kitron.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).