Kitron ASA Launches Strategic Share Buyback Initiative

Author: Addison Perry Updated: 09-08-2025 01:46 AM

Kitron ASA Commences Share Buyback Program

In a recent announcement, Kitron ASA has decided to initiate an important share buyback program to enhance shareholder value while also providing remuneration to its board members. This strategic move involves the buyback of up to 16,000 shares, with a total maximum budget of NOK 900,000.

Details of the Buyback Plan

The share buyback program is set to take place from the date of announcement through until 12 September 2025. This initiative is compliant with the EU regulations surrounding market manipulation exemptions, ensuring a transparent and regulated approach to the share acquisition process.

Purpose of the Buyback

The primary purpose of this program is to secure shares for remuneration purposes for the company's board members for the upcoming period from May 2025 through April 2026. This resolution was agreed upon during the annual general meeting, held on April 24, 2025.

Execution and Oversight

Kitron has appointed Norne Securities AS to manage the buyback transactions, ensuring they align with the regulations set forth by the board's authorization, which permits the purchase of up to 19,891,716 shares. The buying strategy will be focused on the prevailing market price with a minimum purchase price of NOK 1 and a maximum limit of NOK 100 per share.

Market Considerations

The execution of share repurchases will take place on the Euronext Oslo Børs, reflecting a calculated decision that accounts for current market conditions. It's also important to note that, while the buyback provides clear potential benefits, the company retains the right to halt or terminate the program if necessary based on market circumstances.

Current Shareholding Status

As of the announcement, Kitron does not possess any own shares. This underlines the fresh approach to increasing stockholder engagement and value through this buyback strategy.

Company Overview

Kitron is recognized as a frontrunner in the Scandinavian electronics manufacturing services sector, catering to diverse industries such as Connectivity, Electrification, and Medical Devices. With operations across multiple countries including Norway, Sweden, and Germany, Kitron employs around 2,400 dedicated professionals, generating impressive revenues of EUR 647 million for the prior year.

Contact Information

For those seeking additional insights or inquiries about the program, please reach out to Cathrin Nylander, CFO at Kitron ASA, by phone at +47 900 43 284 or via email at investorrelations@kitron.com.

Frequently Asked Questions

What is the purpose of Kitron ASA's share buyback program?

The share buyback program aims to acquire shares to be used for the remuneration of board members.

How many shares will Kitron buy back?

Kitron ASA plans to buy back up to 16,000 shares.

Which company is managing the share buybacks?

Norne Securities AS has been engaged for managing the buyback program.

When will the share buyback program occur?

The program is set to run from now until 12 September 2025.

What regulatory requirements is Kitron ASA adhering to?

The buyback will follow the regulations set by the EC Commission Delegated Regulation (EU) No. 2016/1052.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

Contact Addison Perry privately here. Or send an email with ATTN: Addison Perry as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.