Core Insights - Kitron ASA has issued 485,698 new shares as part of its share incentive program, following exercise notices from participants [1] - A total of 925,000 options were exercised, but the number of shares available for subscription was reduced by 72,150 due to a cap on market capitalization increase [2] - Kitron will convert 367,152 exercised options into cash consideration to cover tax costs for option holders, with the conversion price set at NOK 63.25 [3] Shareholder Details - The following primary insiders have exercised options and subscribed for shares: - Peter Nilsson, CEO: 110,116 options converted, 97,334 shares subscribed - Cathrin Nylander, CFO: 36,000 options converted, 33,150 shares subscribed - Stian Haugen, CTO: 38,747 options converted, 30,403 shares subscribed - Kristoffer Asklöv, COO: 47,960 options converted, 44,240 shares subscribed - Hans Petter Thomassen, VP Nordics & North America: 36,000 options converted, 33,150 shares subscribed - Mindaugas Sestokas, VP Central Eastern Europe: 47,022 options converted, 22,128 shares subscribed - Zygimantas Dirse, VP Asia: 47,022 options converted, 22,128 shares subscribed [4] Trading Restrictions - Kitron has implemented trading restrictions on the newly issued shares, which will last for three years, with one-eighth of the shares becoming tradable each quarter in the last two years [5] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace, with revenues of EUR 647 million in 2024 [6]