Mandates

Increasing the share capital
The Ordinary General Meeting of 21 April 2016 authorised the board to execute one or more share capital increases by issuing a number of shares maximized to 10 per cent of Kitron’s registered share capital. The total nominal amount by which the share capital may be increased is NOK 1 729 616.20. The authority applies until the ordinary general meeting in 2017, but no longer than 30 June 2017. The authorization is limited to encompass capital requirements or issuance of consideration shares in relation to strengthening of Kitron ASA’s equity, acquisition of other companies or businesses, joint ventures or joint business operations, incentive programs for employees, and acquisition of property and business within Kitron ASA’s purpose. The authorization was used by the board in 2016 to increase the share capital by NOK 323 098.60. The authorized share capital of the Company is therefore NOK 17 619 261.10

Own shares
The Ordinary General Meeting on 21 April 2016 authorised the board to acquire own shares, for a total nominal value of up to NOK 1 729 616.20, which is equal to 10 per cent of Kitron’s registered share capital at 21 April 2016. Under this authorization the company shall 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. The authority is valid until the ordinary general meeting in 2017, but no longer than 30 June 2017. The authority had not been exercised at 31 December 2016.