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Corporate Governance
The parent company’s share capital on 31 December 2023 amounted to NOK 19 821 713.40.
Total equity for the group on 31 December 2023 was EUR 183.5 million, corresponding to an equity ratio of 31.6 per cent. Considering the nature and scope of Kitron’s business, the board considers that the company has adequate equity and capital structure.
Existing mandates granted to the board, to issue shares and to purchase its own shares, are presented in the shareholder information section of the annual report. The mandates are restricted to defined purposes and limited in time to no later than the date of the next Annual General Meeting but not longer than 30 June that year.
Kitron’s dividend policy states: “Kitron's dividend policy is to pay out an annual dividend of 20 to 60 per cent of the company's consolidated net profit before non-recurring items. When deciding on the annual dividend, the company will take into account the company's financial position, investment plans, as well as the needed financial flexibility to provide for sustainable growth.”
