Kitron: Ordinary general meeting held

Kitron ASA held an ordinary general meeting on 22 April 2013. 122 872 019 shares amounting to 71.04 per cent of the share capital were represented in the meeting.

The general meeting resolved the board's proposal on dividend for the financial year 2012 of NOK 0.10 per share. The shares will be listed excluding the right to dividend as of 23 April 2013 and the dividend is expected to be paid on or about 3 May 2013.

Further, the general meeting resolved the board's proposal to reduce the par value of the shares with NOK 0.90, from NOK 1 to NOK 0.10, which will be completed as soon as possible after the general meeting.

In connection with dealing with the board's declaration on salaries and other remuneration to executive management, an amendment was made from the notice to facilitate an option program for executive management. Other than this, all proposals were resolved as presented in the notice issued on 21 March 2013.

* The minutes from the general meeting is corrected as follows:

12 Authorisation to the board to buy own shares

4. Under this authorization the board of directors may pay minimum NOK *1 per share and maximum the prevailing market price per share on the day the offer is made, provided, however, that the maximum amount does not exceed NOK *25 per share.