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Norbit ASA ( (DE:4NK) ) has provided an update.
NORBIT ASA’s Board of Directors has approved the issuance of 135,676 restricted stock units (RSUs) to its executive management based on the financial year 2024. Additionally, the board has resolved to issue 56,615 shares due to the exercise of vested RSUs, with further shares to be issued in 2026 and 2027. The company will also issue 142,053 shares related to RSUs from previous financial years. Following these transactions, NORBIT’s share capital will increase, and the company will purchase 57,460 shares to cover tax liabilities. These moves reflect NORBIT’s commitment to rewarding its executives and managing its capital structure effectively.
More about Norbit ASA
NORBIT ASA is a global provider of tailored technology solutions focused on promoting sustainability through innovation. The company operates in three main business segments: Oceans, Connectivity, and Product Innovation & Realization. The Oceans segment serves global maritime markets with specialized technology solutions, while the Connectivity segment offers wireless solutions for identification, monitoring, and tracking. The Product Innovation & Realization segment provides R&D services, proprietary products, and contract manufacturing. Headquartered in Trondheim, NORBIT has manufacturing facilities in Europe and North America and employs around 600 people with a global sales and distribution network.
Average Trading Volume: 132,336
Current Market Cap: NOK9.75B
See more data about 4NK stock on TipRanks’ Stock Analysis page.