Kitron ASA - Private placement of new shares successfully placed
Summary
In reaching this conclusion the Board has among other things considered (i) the Subscription Price that represents a limited discount of 5.797% to the closing market price of the Companys shares prior to announcing the Private Placement, (ii) the modest increase of the share capital and dilution of the Company’s existing shareholders represented by the Private Placement, and (iii) a share issue in the form of a private placement enables the Company to capitalize on current market conditions in an efficient manner compared to alternative transaction structure which would imply a longer lead time and potentially significant discounts. A stock exchange release on transactions carried out by Primary Insiders and close associates in accordance with the market abuse regulation will be published separately. For further information, please contact: Kitron is a leading Scandinavian electronics manufacturing services company for the Connectivity, Electrification, Industry, Medical devices and Defence/Aerospace sectors. This stock exchange announcement was published by Cathrin Nylander, Chief Financial Officer at Kitron ASA on 22 December 2021 at 23.15 CET on behalf of the Company. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.